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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi plans to invest up to $5bln in Russian infrastructure

Posted on 12 September 2013

Abu Dhabi is planning to invest as much as $5bn in Russian infrastructure projects over the next seven years in a move highlighting Russian efforts to attract sovereign wealth money.
The commitment from Abu Dhabi’s department of finance, which is expected to be formalised by the end of the year, is to be announced on Thursday by the Russian Direct Investment Fund, the $10bn state-backed fund set up in 2011 by Vladimir Putin, Russia’s president. The move comes three months after Mubadala, another Abu Dhabi fund, pledged to invest $1bn in Russian businesses alongside the RDIF………………………………………..Full Article: Source


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