RDIF to accept applications for regional projects at the Russian Investment Forum in Sochi
Press release, 13.02.2019
Moscow, February 13, 2019 – At its stand, the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, will accept online applications from representatives of regional authorities and companies as well as development institutions for RDIF consideration and funding.
The wide network of RDIF partners opens up opportunities to attract funding from major international investors, as well as to access the comprehensive industry expertise of leading foreign companies.
Alongside the Forum, RDIF will conclude cooperation agreements with the Leningrad, Sverdlovsk, Samara and Lipetsk regions as well as with Stavropol, Perm, Krasnodar, Khabarovsk territories and the Republic of Bashkortostan. The agreements mean RDIF will be involved in all foreign investment projects in these regions of Russia. RDIF will also provide consulting and informational support to the regions on the local implementation of strategic investors' projects.
RDIF will also sign multilateral agreements with the Far East Investment and Export Agency, the Roscongress Foundation and eight regional development institutions. Under the agreements, the parties intend to promote the investment potential of Russia’s regions at an international level, as well as to conduct a joint search for attractive investment projects in the regions.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“Investing in the Russian regions is one of the main pillars of RDIF’s investment strategy. A key part of the Fund’s work is the Center for Investment Promotion “Invest in Russia”, which aims to attract investment in the Russian regions. In 2018, the Center evaluated more than 1,000 regional investment projects, of which more than 50 are under active consideration. These are projects in various sectors, including housing and public utilities, transport, agriculture, health care, energy, mining, food and chemical industries.”
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. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than 1.4 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people, and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. 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 Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133