| The sovereign investment fund of Kuwait, Kuwait Investment Authority, will invest an additional $500 million in the Russian economy. On Nov. 10, it signed an agreement to that effect with the Russian Direct Investment Fund (RDIF), a special investment fund set up by the Russian government in 2011 to attract foreign investment into the fast-growing sectors of the Russian economy.
Thus, the amount of Kuwaiti investment into Russian projects will double. The Kuwaiti fund had already invested $500 million in Russia in 2012. “The RDIF is the first and only fund to have raised over $20 billion worth of long-term investment into Russia from major Middle East sovereign funds,” a RDIF spokesman told RBTH...............................................Full Article: Source
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