News Column

Qatar allocates $2bn to Russia

June 1, 2014



QATAR'S SOVEREIGN wealth fund the Qatar Investment Authority is allocating $2 billion to Russia via joint investments with state-backed private equity fund the Russian Direct Investment Fund (RDIF), the fund's chief executive said.The $10 billion RDIF invests alongside foreign partners and has previously attracted money from the Kuwait Investment Authority, Abu Dhabi's Mubadala and the Abu Dhabi Department of Finance.

"We are announcing three new partnerships, including one with the sovereign fund of Qatar which is allocating ... $2 billion to invest jointly with the Russian Direct Investment Fund, and also two other new partnerships," Kirill Dmitriev said at a meeting between Russian president Vladimir Putin and foreign investors.

"We are pleased that we are actively working with investors from around the world, but we are also particularly focused on investors from Asia, the Middle East, as 90 per cent of all our funds involves these investors," he said.


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Source: Gulf, The (Bahrain)


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