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New Russian-Turkish Fund to invest $400m in Russia’s construction projects

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New Russian-Turkish Fund to invest $400m in Russia’s construction projects

The head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said that the first investment of a newly established joint Russian-Turkish Investment Fund would be the allocation of $200 million to the construction sector in Russia, TV channel Russia 24 reports on Friday.


“We have already have the first deal with a Turkish company today. This is Turkish company Renaissance, which is engaged in investing in infrastructure and construction. We will place $200 million each in various projects in Russia,” Kirill Dmitriev said.

Earlier it was reported that the Russian Direct Investment Fund plans to announce the creation of the Russian-Turkish Investment Fund worth of $1 billion, jointly with a newly established Sovereign Wealth Fund of Turkey.

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