Abu Dhabi commits $5 Billion to Russian Direct Investment Fund for infrastructure
The Russian Direct Investment Fund (RDIF) and Abu-Dhabi's Department of Finance announced two days ago the creation of the partnership to invest in Russian infrastructure projects and develop cross-border investment cooperation.
"We are pleased to welcome our partners from Abu Dhabi's Department of Finance. Their $5 billion contribution is the largest investment from the Middle East ever made into Russia as well as one of the largest into an infrastructure fund globally."
"The signing of this memorandum and our commitment to invest up to $5 billion reflects our belief in the returns that can be generated from investing in Russian infrastructure. Sharing our collective international investment expertise and RDIF's experience in Russia we expect to form a highly productive partnership."
The Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity investments primarily in the Russian Federation. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.
Source: RDIF
