RDIF to participate in 50Th World Economic Forum in Davos
Moscow, January 15, 2020 - A delegation of the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, led by RDIF’s CEO Kirill Dmitriev, will participate in the 50th anniversary World Economic Forum, which will be held on 21-24 January 2020 in Davos, Switzerland.
RDIF representatives plan to meet with more than 30 existing and potential partners from the Middle East, Asia, the USA and Europe. Kirill Dmitriev will take part in the “East Tech West” session organized by CNBC and in the “Strategic Outlook: Russia” discussion. RDIF’s CEO will announce new promising areas of investment in Russia and share the Fund’s successful experience in implementing large-scale investment projects – over $30bn has been invested in the Russian economy since 2011 by RDIF and partners.
In 2019, RDIF and partners invested over RUB365bn in over 20 projects in Russia. Both sovereign wealth funds and foreign strategic investors recognize the Russian economy’s high potential and attractive returns on investment in projects implemented in the country.
Kirill Dmitriev, CEO of RDIF, said:
“The Davos World Forum is the most reputable global platform for dialogue between Russian and foreign business community, which demonstrated rapidly growing interest in investing in the Russian Federation last year.
At the end of 2019 we saw exponential growth in foreign direct investment in Russia; we also expect it to increase significantly in 2020. Last year $22.2 bn were invested in Russian government debt instruments by foreign investors – the highest amount ever. MCSI Russia index increased by 53% in 2019, the ruble/dollar rate appreciated by 12.5%, which is the best result among the currencies of developing economies.
In 2020, RDIF will continue to work actively to attract new investors to Russian projects, including those in the regions of the Russian Federation via Center for Attracting Investments in Russian regions. Over the course of the Forum, we will discuss further efforts to strengthen mutual trust and cooperation with our colleagues and search for new areas of investment”.
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’s portfolio of companies employs more than 800,000 people and generates revenues which equate to over 6% of Russia’s GDP. RDIF has 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 Maria Shiryaevskaya / Andrew Leach
Russian Direct Investment Fund Hudson Sandler
Press Secretary Tel: +44 (0) 20 7796 4133
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41