RDIF, Middle East funds to invest in two logistics projs in Russia

Prime, 20.04.2017

MOSCOW, Apr 20 (PRIME) -- The Russian Direct Investment Fund (RDIF), Mubadala Development Company and other Middle East investors plan to develop two class A logistic projects with a space area of over 84,000 square meters each in the Novosibirsk and Moscow regions, RDIF said in a statement on Thursday.

The projects will be implemented by PLT, a logistic platform, established by RDIF, Mubadala and co-investors in 2016. PNK Group will act as an engineering and construction contractor.

This is the second deal between PLT and PNK Group. After the new transaction is completed, PLT will operate above 290,000 square meters of logistic facilities having a potential to expand to 590,000 square meters.

The investors plan to turn PLT into one of the leaders of Russia’s logistic services market.