RDIF CEO sees investment in Russia at 25% of GDP in 2 years

Prime, 23.01.2020

DAVOS, Switzerland, Jan 23 (PRIME) -- Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), expects Russian investment to rise 25% of gross domestic product (GDP) in the next two years from 21.6% in 2019, Dmitriev told PRIME on Thursday on the sidelines of the World Economic Forum.

“The investment target of 25% of GDP is very important. For instance, investment exceeds 40% of GDP in China, and it largely defines the future economic growth. We hope that the figure of 25% in Russia would be achieved in the next two years,” he said.

“It would allow us to attain economic growth of more than 3%, and a very important element of the growth is not only the use of budget funds for investment, but attraction of private investors, to combine budget and non-budget sources,” he said.

In 2018, investment stood at 20.6% of GDP.