RDIF strengthens cooperation with APEC partners

Press release, 20.11.2016

Lima, 20 November 2016 – The Russian Direct Investment Fund (RDIF) announced further cooperation and new projects with APEC partners at the Summit in Peru.

RDIF’s CEO Kirill Dmitriev, participated in a meeting between state leaders and members of the APEC Business Advisory Council at the APECSummit. Mr. Dmitriev also took part in the working group meeting, during which representatives of a select group of businesses, including Mr. Dmitriev, discussed the core issues of the Summit directly with state leaders from Japan, Singapore, Mexico, Peru and the Philippines. The group’s discussion focused on finding ways to promote economic growth in APEC countries by increasing the volume of co-investments. The working group recognised RDIF’s successful experience in creating co-investment funds and consortiums with investment institutions and companies from countries including Japan and Singapore. The group intends to build on RDIF’s experience to create further co-investment funds in other APEC countries.

Kirill Dmitriev, Chief Executive Officer of RDIF and Russian representative to the APEC Business Advisory Council, said:

“We see great potential within the Asia-Pacific region. RDIF has a number of joint projects with partners from APEC countries, and that number continues to grow. We are moving towards the creation of partnerships that combine multiple funds from several countries. We continue working with leading investors from countries such as China, Japan, South Korea, Singapore, Thailand and Vietnam. We are also looking forward to strengthening cooperation with partners from the USA and other countries. Together with our APEC partners we are currently implementing projects in Russia with a total investment of more than $5 billion, and during the course of the next year we are planning to implement more than 20 additional joint projects in Russia.”

China: The work of the Russia-China Investment Fund (established by RDIF and China Investment Corporation) is actively in progress, and a leading financial conglomerate in China has joined the fund as the third co-investor.  Work is underway to expand the list of attractive RCIF deals through the inclusion of new projects currently being considered by the Russian-Chinese Intergovernmental Commission. In the coming months, RCIF plans to announce the first transactions of the Russia-China Venture Fund in Russia. This fund was established in November 2016 jointly with the Chinese Tus-Holding.

Japan: The approval of the first deals within the Russia-Japan Investment platform established by RDIF together with JBIC is near completion. The first projects are to be announced before the end of 2016. RDIF is also currently considering the creation of a Russia-Japan Venture Fund due to the high interest of Japanese investors in joint high technologies projects.

Singapore: Completion on RDIF’s co-investment with Changi and Basic Element in the Vladivostok International Airport project is expected shortly and all parties will have signed the final documents by the end of November.

Vietnam: The work on attractive projects within the Russia-Vietnam Investment Platform established in May 2016 is in progress. In the near future RDIF and its partners will announce the first investment in the telecommunications sector in Russia.

Thailand: RDIF continues its co-operation with agro-industrial conglomerate C.P. Group, with projects in Russia exceeding $ 2 billion. The parties have agreed on  key parameters of the dairy complex construction in the Ryazan region with an approximate cost of $1 billion.

USA: RDIF has increased its investment in Hyperloop project during the latest funding round, with the participation of RDIF’s strategic partner in the Middle East - Dubai port operator DP World. RDIF also sees potential for the development of joint projects with US investors. RDIF is currently consulting with US partner regarding ways to restore and develop cooperation.

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Russian Direct Investment Fund (RDIF)was established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler
Tel: +44 (0) 20 7796 4133