The Russian Direct Investment Fund (RDIF) is creating a partnership with the Abu Dhabi Department of Finance to invest in Russian infrastructure projects.
The Department will invest up to $5 billion in the partnership, which is expected to launch officially by the end of this year.
RDIF chief executive Kirill Dmitriev told Infrastructure Investor the investment was “one of the largest infrastructure fund commitments in the world”.
He predicted that the money would be spent in areas such as toll roads, railways, airports, ports and possibly telecoms infrastructure.
“This is a strong statement in terms of foreign investors’ interest in Russian infrastructure,” added Dmitriev. “And it’s shows that our partnership model is working.”
RDIF was established in June 2011 as a $10 billion fund to make equity investments in the Russian Federation. It is mandated to secure co-investment for its deals which, as a minimum, matches its own commitment.
RDIF previously established a $2 billion partnership with Abu Dhabi-based developer Mubadala. It has also formed partnerships with the likes of Japan Bank for International Cooperation and New York-listed technology giant GE.
Earlier this month, RDIF teamed with Macquarie Russia and CIS Infrastructure Fund, Lider CJSC and Gazprombank to apply to take part in a tender for the construction of part of Russia’s M11 toll road.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: