RDIF together with Interhealth Saudi Arabia to invest in the construction of a high-tech multifunctional pediatric center in the Republic of Tatarstan

Press release, 05.10.2017

Moscow, October 5, 2017 - The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, and Interhealth Saudi Arabia, one of the world's leading healthcare companies, have agreed to invest in the construction of a high-tech multifunctional centre for pediatric rehabilitation in Tatarstan as part of the medical cluster close to the Children's Republican Clinical Hospital of the Ministry of Health of the Republic of Tatarstan. The project will be implemented on the PPP basis together with the IPEK Financial Group. According to the agreement, the first-stage investment by the partners will total 550 million rubles. The parties are also looking at the feasibility of extending the project throughout other regions in Russia.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"Investing in the construction of a high-tech multifunctional pediatric recovery center in the Republic of Tatarstan will create a modern campus for providing rehabilitation services to children using innovative and modern technologies. Collaborating with the leading healthcare company Interhealth Saudi Arabia will facilitate the introduction of world’s best in class treatments.”

Emada A. Al Dukair, executive director of InterHealth Saudi Arabia, said:
“We see significant potential in the development of the healthcare market in Russia and recognize the value of constructing the pediatric rehabilitation center in the Tatarstan region. Collaboration between InterHealth Saudi Arabia and RDIF will bring innovative healthcare practices to the region, as well as financial support.”

Adel Vafin, Minister of Healthcare of the Republic of Tatarstan, said:
"The construction of a multifunctional rehabilitation center for children as part of the medical cluster being constructed close to the Children's Republican Clinical Hospital of the Ministry of Health of the Republic of Tatarstan will provide necessary rehabilitation services for patients, including those after high-tech medical treatment. The opening of the center will significantly help reduce child morbidity and disability in the Republic of Tatarstan and subsequently in other regions of the Russian Federation. The new campus will become a catalyst for growth and development of medical tourism in the Republic of Tatarstan."

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund 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

Interhealth Saudi Arabia (Saudi Arabia) is one of the world's leading healthcare companies, specializing in the development, commissioning and management of medical facilities. The company is uniquely structured, its partners are internationally recognized and include Canadian academic medical centers, specialized hospitals, state hospital systems and private medical companies. The combination of private and governmental organizations gives InterHealth Saudi Arabia the advantage of access to a wide range of high-quality services that meet the needs of global communities and investors. For more information, please visit: http://interhealthsaudiarabia.com

The Republican Children's Clinical Hospital of the Ministry of Health of the Republic of Tatarstan founded in 1977, is one of the leading children's hospitals in the Russian Federation. It is a modern multi-disciplinary medical institution that combines the functions of a leading clinic in the republic, a high-tech hospital and an emergency centre. More than 540 000 children visit the hospital every year, 34 000 patients receive full-day medical treatment. The hospital is the site for clinical practice for Kazan State Medcial University and Kazan Medical Academy. For more information, please visit: http://www.drkbmzrt.ru/

The IPEK group of companies was founded in 2010 by an experienced team who accumulated their 10-year experience in the world's largest oil holdings. The Group operates in eight countries in the production and sale of oil and petroleum products, construction of industrial and civil facilities, manufacturing of building materials, energy supply, pharmaceuticals, agribusiness and food production.

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Hayes / Elena Garside
Hudson Sandler
Tel: +44 (0) 20 7796 4133