Report: RDIF: Direct investment in Russia to rise 70% in 2019

Prime, 25.12.2019

MOSCOW, Dec 25 (PRIME) -- Direct investment in Russia will increase 70% by the end of 2019, which is more than expected, the Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev said in an interview with television channel Rossiya 24 late on Tuesday.

“When I made a forecast at the beginning of the year that direct foreign investment in Russia would grow over 50% this year, many people doubted, but now we can see that the investment will rise around 70% in 2019,” he said.

The RDIF and its partners invested over 300 billion rubles in various Russian projects, of which 25 billion rubles was the fund’s own money and 280 billion rubles was the partners’ money.

“There is no doubt that we see interest not only from Middle Eastern states and our Asian partners, but European investors have also resumed investment,” Dmitriev added.

Revenue of the RDIF’s portfolio companies rose 13% on the year to 3.6 trillion rubles in January–June, the CEO also said.