RDIF, Marubeni and AEON to consider participation in Russia-Japan technology center

Press release, 05.09.2019

Vladivostok, September 5, 2019 - The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), Japan’s Marubeni Corporation, AEON Infrastructure Corporation and the Government of the Moscow Region have agreed to jointly collaborate on investment projects in an agreement that was signed today at the Eastern Economic Forum.

RDIF, Marubeni and AEON will consider participation in the construction of the Russian-Japanese Shere Expo technology center. At least RUB50 bn is expected to be invested in the technology center, based in the north-west of the Moscow region. The multifunctional complex is expected to create over 5,000 jobs and will include exhibition and retail space, a hotel, a congress center, recreation areas, as well as transport infrastructure.

The parties also plan to implement similar projects targeting the development of the economy and business climate in the region.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“The construction of the Russia-Japan technology center will support further strategic cooperation between RDIF and the government of the Moscow Region as we build on a partnership that has successfully implemented joint projects in healthcare, transport and logistics. We are also pleased to develop a partnership with our Japanese colleagues at Marubeni. The implementation of the Shere Expo project will have a positive impact on the Moscow Region’s economic activity, create jobs and boost local tax revenues”.

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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. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru

AEON Infrastructure Corporation is a large private international investment and industrial group that implements long-term, integrated projects in the fields of industry, transport, construction and professional services. Further information can be found at www.aeoncorp.ru

Marubeni Corporation is one of the largest industrial and trade conglomerates in Japan with assets in a number of sectors of industry and commerce, including power plants projects, food, consumer products, chemical & forest products, energy and metals, and transportation and industrial machinery.

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 Leach / Maria Shiryaevskaya
Hudson Sandler
Tel: +44 (0) 20 7796 4133