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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Abu Dhabi fund Mubadala may invest in Russian vegoil, rice firms

Posted on 11 November 2016

Abu Dhabi state investment vehicle Mubadala Development Co may invest in a vegetable oil producer and a rice producer in Russia, a Russian state-backed fund said, in a rare Gulf investment into the country’s commodities sector.
Russia’s agriculture and food production sector has been growing due to Moscow’s decision to ban most Western food imports in 2014 in retaliation for sanctions over Ukraine, which are keeping many Western investors away from Russian assets. “Russian agriculture … is attractive to foreign investors due to the high growth rate in the domestic market and exports,” Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), said………………………………………Full Article: Source


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