Inventis and Russian Direct Investment Fund to Collaborate on Russia-China Projects
September 5, 2016
Vladivostok – The Russian Direct Investment Fund (RDIF) and Inventis Investment Holdings have signed an agreement to establish a joint investment platform in Russia. This platform will leverage the increasing cooperation between Russia and China from trade, economic, investment and technological standpoints.
Under the partnership agreement, the parties will jointly invest up to USD 500 million, focusing on key sectors such as food and agriculture, consumer and retail trade. In addition, mining and processing of mineral resources, tourism, light industries, transport and infrastructure will also be primary targets.
RDIF Signing Ceremony, Eastern Economic Forum, Vladivostok. From left: Ruslan Nikolov, Yong Kwek Ping, Kirill Dmitriev
Source: Eastern Economic Forum 2016, Vladivostok, Russia. From left: Ruslan Nickolov, Yong Kwek Ping, Kirill Dmitriev, Andrey Zuhkov, Oleg Chizh
Kirill Dmitriev, CEO of the RDIF, said: “This is an exciting opportunity to work with one of the oldest and most successful private equity investment funds in China. Inventis has extensive experience in attracting the best global practices, long-term partners, and advanced technology. Together, we can successfully contribute to unlocking the investment potential of Sino-Russian cooperation in the most dynamically growing sectors of the Russian economy.”
Yong Kwek Ping, CEO of Inventis Investment Holdings, said: “We are delighted to be working alongside RDIF and will strive towards promoting greater collaboration between both the Russian and Chinese economies in order to achieve commercial returns for the projects.”
Relations between China and Russia have been increasingly closer over the past few years following the signing of various cooperation agreements in the areas of trade, finance, energy and commodities sectors.
These initiatives also highlight the One Belt One Road (OBOR) policy championed by the Chinese government in 2013. The OBOR comprises countries located throughout Central Asia, West Asia, the Middle East and Europe and encourages the cohesive integration of a joint economic area for countries along this region. As Russia is strategically situated along the confluence of the East and West, this also offers numerous opportunities for companies to benefit from the heightened trade and economic activity along the Silk Road Economic Belt.
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