RDIF will participate in Russian President V. Putin’s state visit to the United Arab Emirates

Press release, 15.10.2019

Moscow, October 15, 2019 - A delegation from the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, led by CEO Kirill Dmitriev will participate in Russian President Vladimir Putin’s state visit to the United Arab Emirates on October 15, 2019.

RDIF and partners from the UAE including the country's sovereign fund, Mubadala Investment Company, will sign ten investment agreements totalling more than $1.3 bn on the sidelines of the visit in areas such as high technology (including the development of Artificial Intelligence), healthcare, oil & gas, logistics and industrial production. In six years of successful cooperation between RDIF and the UAE sovereign fund, investments worth more than $2 bn have been made and approved in more than 45 projects.

During the visit, RDIF will be one of the organizers of a meeting of business leaders from the two countries who will discuss opportunities for expanding cooperation, increasing its effectiveness and implementing joint projects. UAE companies have significant experience in diversifying the country's economy; it is planned to discuss the best ways of arranging their participation in implementing national projects in the Russian Federation and associated investment opportunities.

RDIF and Mubadala Investment Company have also prepared an exhibition on investment cooperation between Russia and the UAE.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“Russia and the United Arab Emirates have much to offer each other through the exchange of technology and investment. The visit of the Russian President will help to maintain intensive business contacts in various areas of bilateral cooperation. Our countries are successfully developing partnerships in trade, energy, industry, tourism, and even in such a specialised field as the training of cosmonauts. We have established partnerships not only on Earth, but also in space - the potential for further cooperation is truly unlimited.”

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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

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