Pulkovo Airport

Pulkovo Airport is St. Petersburg’s air travel hub and Russia’s fourth-largest airport.

A consortium comprising RDIF, Mubadala Development Company and other leading Middle Eastern and Asian co-investors alongside Baring Vostok Private Equity Fund V agreed to acquire a 25% equity stake in Thalita - the holding company of Northern Capital Gateway Ltd, which operates Pulkovo Airport in St. Petersburg, Russia.


Key facts

  • The large investments made in the Russian economy are an illustrative example of successful implementation of the PPP mechanism, proving the attractiveness of the Russian infrastructure sector.
  • The airport’s shareholder structure has been diversified, and financing for the next stage of its large-scale modernization project has been ensured in line with the PPP agreement.
  • The investors have expressed confidence that the region’s economy will continue to develop, and that international and domestic tourism, as well as household incomes will grow.
  • Year of investment: 2017.

Investment strategy

Regional development
Development of infrastructure, including logistics
Improvement in industrial efficiency