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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Russia, UAE set up first joint investment fund

Posted on 21 June 2013

The Russian Direct Investment Fund (RDIF) and the Mubadala Development Company from the United Arab Emirates will join efforts for the first time to invest in the Russian infrastructure, President Vladimir Putin said.
The RDIF earlier announced the establishment of a joint investment fund with Mubadala with the starting capital of $2 billion. “It is the first significant success of investment cooperation between Russia and the United Arab Emirates, and it is important that the Russian infrastructure is among key investment targets of this fund,” Putin said on Thursday at a business dinner with heads of the world’s leading infrastructure funds………………………………………..Full Article: Source


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