RDIF, Mubadala and PIF strengthen investment cooperation in the infrastructure sector

Press release, 05.10.2017

Moscow, 05 October 2017 – The Russian Direct Investment Fund (RDIF), Mubadala Investment Company, and the Public Investment Fund (PIF) of Saudi Arabia have agreed the principal terms of joint equity participation in United Transport Concession Holding.

United Transport Concession Holding was created in June 2017 by RDIF and Leader Management Company to invest alongside leading international funds in the construction and operation of roads, railways, urban transportation and public-private partnership (PPP) projects in the Russian Federation.

The Joint Venture partners are currently pursuing investments in three complex infrastructure projects, with a total investment value upwards of RUB 13 billion:

  • The operation of a part of the Northern Bypass Odintsovo toll road, Moscow;
  • The design, construction and operation of an alternate route at Kutuzovsky Prospekt, Moscow;
  • And the construction and operation of a light rail transport grid in St. Petersburg.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“We are pleased that our partners from Mubadala and PIF recognise the great potential of Russian infrastructure projects. The participation of these large funds proves that even complex infrastructure projects in transportation, including those based on PPP models, can be attractively structured for foreign institutional investors.”

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Russian Direct Investment Fund (RDIF) is a Sovereign Fund of the Russian Federation 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

The Russia-Saudi Investment Fund was established by the Russian Direct Investment Fund (RDIF) and the Public Investment Fund (PIF) to invest in attractive projects primarily within Russia that help to strengthen trade, economic and investment cooperation between the Russian Federation and the Kingdom of Saudi Arabia. Priority investment sectors include food production and agriculture, consumer goods and services, healthcare and pharmaceuticals, innovation and hi-tech, and infrastructure. www.rsifund.com

Mubadala Investment Company (Mubadala) is a pioneering global investor, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. As Abu Dhabi’s leading strategic investment company, Mubadala is active in 13 sectors and more than 30 countries around the world, creating lasting value for its shareholder, the Government of Abu Dhabi.
Mubadala’s work includes the development of global industrial champions in sectors such as aerospace, ICT, semiconductors, metals & mining and renewable energy, utilities, and the management of diverse financial holdings. The company builds on legacy expertise in oil and gas to invest across the hydrocarbon spectrum, and enhance the United Arab Emirates’ growth potential through investments in healthcare, real estate and defense services. Mubadala’s investment approach prioritizes partnership with best-in-class organizations and a commitment to the highest standards of governance.

Public Investment Fund - in March 2015, the Council of Ministers issued a decree to transfer oversight of the Public Investment Fund to the Council of Economic and Development Affairs (CEDA). As part of this process, a new Board was appointed, chaired by His Royal Highness the Crown Prince Mohammad bin Salman Al-Saud.
To help achieve Saudi Arabia’s vision of a sustainable, diversified economy, the Board of Directors has taken several steps to clearly define the Public Investment Fund’s vision, objectives and strategy in line with Saudi Vision 2030.
The Public Investment Fund is developing a portfolio of high quality domestic and international investments, diversified across sectors, geographies and asset classes. Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia.
The Public Investment Fund aims to be a global investment powerhouse and the world’s most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. More information can be found at: www.pif.gov.sa

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