Russian airlines are also expected to launch direct flights to the kingdom, according to Moscow

Russian and Saudi officials have signed an agreement allowing visa-free travel for citizens of both nations for up to 90 days year. The deal was struck at a bilateral business forum in Riyadh on Monday.

The agreement comes as the two nations actively develop economic cooperation. The volume of Russian cumulative investment in the Arab kingdom has grown sixfold over the past year, while Saudi investment in Russia has increased by 11%, according to Russian Deputy Prime Minister Aleksandr Novak, who co-leads the intergovernmental committee on trade and economic partnership between Moscow and Riyadh.

The treaty on visa-free travel, which was officially published by Moscow last week ahead of the signing ceremony, allows citizens of both countries to visit the other one without a visa for up to 90 days a year. It will enter force 60 days after it is signed and ratified by both sides.

Travel for the purpose of employment, study, or permanent residence will still require separate permits. The visa waiver will also not apply to Russian citizens traveling to Saudi Arabia for the Hajj pilgrimage.

Novak, who led the Russian delegation in Riyadh, also hailed the fact that the two nations have resumed direct air services, which were halted because of the Covid-19 pandemic. "We expect that in the near future, alongside Arab carriers, Russian airlines will also begin operating flights," he said.

Saudi low-cost carrier Flynas launched a regular Riyadh-Moscow service on August 1, and the national airline Saudia began nonstop flights on October 10.

According to the Russian deputy prime minister, the two countries' positions are close on most key issues on the international and regional agenda.

Bilateral trade has doubled over the past five years, Novak said, adding that Russia remains a major supplier of grain products and poultry meat to the Saudi market.