Saudi Public Investment Fund to Allocate $10 Billion in Russia

Saudi Arabia’s Public Investment Fund (PIF) reached an agreement to invest US$ 10 billion in Russia toward investments in agricultural, infrastructure, retail, real estate and logistics for a period of up to five years. The PIF inked a deal with the Russian Direct Investment Fund (RDIF), a strategic development sovereign vehicle that co-invests with institutional partners. The RDIF sources large-scale projects and investments across Russia for its partners. Other sovereign funds and co-investments could potentially join in the co-investments.

Furthermore, the RDIF agreed to invest jointly with the Saudi Arabian General Investment Authority (SAGIA) in projects in Saudi Arabia and select Middle Eastern countries.

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute
institutional investor investment mandates