23.07.2015 - Saudi Arabian sovereign wealth fund eyes big return on Russia investments
The Saudi Arabian government’s sovereign wealth fund said it was investing $10 billion in Russia this year. The fund will work in partnership with the Russian Direct Investment Fund (RDIF). The Saudi Arabia Public Investment Fund is investing $10 billion in Russia, and will create a partnership with the Russian Direct Investment Fund (RDIF), a state-controlled investment fund supporting promising projects in Russia. Vedomosti cited RDIF Chief Executive Kirill Dmitriev as saying the amount would be invested over a period of four to five years. According to Dmitriev, the partners have already approved seven projects, and they plan to increase this number to ten by the end of 2015. It is still unclear what these projects are. The partners say the funds will basically be directed towards infrastructure, agriculture, retail, medicine, and real estate...............................................Full Article: Source
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