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The Saudi partnership comes at the end of several years of courtship – and off the back of a tetchy relationship.
Russia first announced that it had brokered a m (£15m) deal back in 2012.
Instead, King Salman is believed to be in Moscow to shore up international support for his son, Crown Prince Mohammed bin Salman, next in line to the throne.
But with China and India, Russia’s biggest markets, looking to move towards military self-sufficiency, Russia is with increasing urgency looking to open new markets.
“They see how the balance of power is changing in the region: how the US is pulling out and how Russia is now increasing its influence in the Middle East.” Russia’s geopolitical march in the region has made a highly improbable state visit possible.
But the timing of the talks has little to do with Syria.
This ambitious initiative focuses on diversifying Saudi Arabia’s economy beyond oil and gas, promoting private sector and small-to-medium size enterprise engagement, and creating jobs for its large youth population, where nearly 70% of its citizens are under the age of 30. Chamber of Commerce recently hosted Her Royal Highness Princess Reema bint Bandar Al-Saud, who serves as the Vice-President for Development and Planning at the Saudi Arabian General Sports Authority (GSA).
According to Vision 2030, “We [Saudi Arabia] have enormous untapped opportunities and a rich blend of natural resources, but our real wealth lies in our people and our society.” And there is no doubt that women will play a pivotal role in helping to unlock this vast potential. HRH Princess Reema is just one of many women who have been appointed to prominent positions in the Saudi government, including Ms.