The Russian Direct Investment Fund (RDIF) and Inventis Investment Holdings have agreed to establish a joint investment platform in Russia.
The 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 USD500 million, focusing on key sectors such as food and agriculture, consumer and retail trade.
Mining and processing of mineral resources, tourism, light industry, transport and infrastructure will also be primary targets.
Kirill Dmitriev, CEO of the RDIF, says: “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, says: “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.”
