RDIF held the largest regional investment forum "Investing in Regions - Investing in the Future"
Press release, 09.10.2018
Moscow, October 9, 2018 - Russian Direct Investment Fund (RDIF), a sovereign fund wealth of Russia, organized the largest regional investment forum "Investing in Regions - Investing in the Future", which was held in Moscow today. The forum was organized by RDIF and the Federation Council of the Federal Assembly of the Russian Federation with support of the Agency for Strategic Initiatives to Promote New Projects (ASI).
The RDIF gathered at the Forum more than 700 participants, including representatives of government bodies and development institutions from 78 constituent entities of the Russian Federation, Russian and foreign businessmen, as well as leading international investors. Kirill Dmitriev, CEO of RDIF, Valentina Matvienko, Chairman of the Federation Council of the Federal Assembly of the Russian Federation, Andrei Vorobyev, Governor of the Moscow Region, Anatoly Artamonov, Governor of the Kaluga Region, Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs; Svetlana Chupsheva, General director of the Agency for Strategic Initiatives to Promote New Projects, as well as Mumtalakat Holding Company (Beihrain) CEO Mahmoud Al-Kukheji, etc.
During the Forum, participants also discussed the process, methods and tools for attracting foreign investment in the Russian regions. Discussions at thematic sessions of the Forum were devoted to current trends and expectations from regional investments. Strategic and financial investors from more than 20 countries shared their successful experience of investing in Russian regional projects.
At the Forum, RDIF and ASI launched the “Project Office for Attracting and Supporting Investments in the Regions of the Russian Federation”. The new structure will become a “single window” for foreign investors in Russia, acting as a channel of communication between project operators, investors, representatives of regional authorities and development institutions.
Attracting investments in the Russian regions is one of the main goals of RDIF. In 2014, the Fund created the Center for investment promotion of the Russian regions, and also launched the interactive Internet portal “Invest in Russia”, which accumulates information about the investment opportunities in the regions across the key sectors of the Russian economy. Since then, the Center has processed a significant number of applications. In 2018 more than 900 investment projects with a focus on infrastructure were considered. One of the most striking examples of such projects was the construction of small hydropower plants in the Republic of Karelia, which became the first project of the New Development Bank (BRICS) in Russia.
Today the investments of RDIF and partners total more than 1.4 trillion rubles and cover 95% of the regions of the Russian Federation. Regions outside of Moscow and St. Petersburg account for more than 80% of the total amount invested and approved by RDIF and co-investors.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“The unprecedented high number of forum participants confirms a serious interest in attracting foreign investment in the Russian regions. More and more companies realize that in order to effectively interact with foreign partners, it is necessary to structure projects correctly, to present them with high quality and to show flexibility in negotiations. I am confident that through joint work we will be able to build an effective system for selecting promising projects, where RDIF will act as an investment filter, as well as to establish interaction between investors, companies and regional authorities at different levels, creating the prerequisites for a qualitative investment breakthrough in Russian regions. ”
On the sidelines of the Forum, RDIF also signed a number of investment agreements aimed at the development of Russian regions:
1) Agreement with the largest French utility operator Veolia on investing in the utilities of Tomsk;
2) Agreement with a leading technology company specializing in the production of medical equipment and consumer goods, Philips on investing in Russian healthcare;
3) Agreement with the Far East Investment and Export Agency on cooperation in the search and implementation of investment projects in the Far East of the Russian Federation.
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
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Andrew Leach
Tel: +44 (0) 20 7796 4133