Russia's RDIF plans JV with Abu Dhabi on up to $5 bln in investment for infrastructure projects
MOSCOW. Sept 11 (Interfax) - The Russian Direct Investment Fund (RDIF) and Abu Dhabi's Department of Finance plan to sign a memorandum of intent on Thursday on co-investment in infrastructure projects in Russia, the Kremlin press center reported.
Abu Dhabi might invest as much as $5 billion in the joint venture.
"If carried out this will become the world's largest investment in infrastructure consortiums," the press center said.
The memorandum signing will coincide with the visit to Moscow by Crown Prince Mohammed bin Zayed Al Nahyan, who is the deputy supreme commander of the UAE Armed Forces. Al Nahyan is scheduled to meet with President Vladimir Putin.
In June 2013, the RDIF signed an agreement with UAE sovereign fund Mubadala on creation of a joint investment fund totaling $2 billion.