RDIF and DP World create an enterprise with a total investment of $2 billion

MOSCOW, 21 Jan. The Russian direct investment Fund and one of the leading port operators in the world, the company DP World (UAE) signed at the world economic forum in Davos the agreement on creation of joint venture for investment in the port, transport and logistics infrastructure in Russia, the RDIF said.

According to the agreement, RDIF’s share in the new company DP World Russia is 20%, while DP World will own 80%. DP World Russia will focus its investment activities on marine transport and ports and logistics terminals in different regions of Russia.

Investments DP World Russia in the development of Russian port infrastructure will amount to 2 billion dollars.

Chairman of the Board of Directors of DP World Ahmed bin Solheim noted that Russia has always been for the company attractive market with good prospects for long-term development.

“A joint venture is a great opportunity of cooperation with the state investor, such a model of cooperation has already proven effective in our practice. Ports and logistics infrastructure require long-term investment, so investing we prefer to share resources with partners”, — said the head of the Board of Directors of DP World.

In turn, the CEO of RDIF Kirill Dmitriev expressed hope for the establishment of an effective partnership, favorable for Russia and the UAE.