RDIF, KIDF and Mubadala announce the signing of Memorandum of Understanding
Moscow, April 29, 2021 – Within the framework of the Eurasian Intergovernmental Council in Kazan (Russian Federation), a Memorandum of Understanding was signed on April 28, 2021 between the Russian Direct Investment Fund (RDIF), “Kazakhstan Investment Development Fund (KIDF) Management Company” Ltd. and Mubadala Investment Company.
Within the framework of the Memorandum, cooperation is planned on identifying investment opportunities and joint investments in projects in Kazakhstan in accordance with the mandates of each party. The Memorandum is expected to play a crucial role in the development of the non-resource potential of the Republic of Kazakhstan.
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 80 projects with foreign partners totaling more than RUB2 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 has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at www.rdif.ru
“Kazakhstan Investment Development Fund (KIDF) Management Company” Ltd. is a management company of a state direct investment fund established in 2019 and registered at the Astana International Financial Center, which is governed by the principles of English law. The Fund's goal is to attract investments in the economic development of the Republic of Kazakhstan through joint investments with foreign partners. Additional information can be found at www.kidf.kz
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala’s USD 232 billion portfolio spans six continents, with interests in multiple sectors and asset classes. Additional information can be found at www.mubadala.com
For additional information contact:
Russian Direct Investment Fund
Director for External Communications
Mobile: +7 915 312 76 65
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133
“Kazakhstan Investment Development Fund (KIDF) Management Company” Ltd.
Director of the Institutional Partnerships Department
Tel.: +7 (7172) 588-888 (Ex. 210)
For media inquiries, please contact:
Tel: +971 50 694 7589