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Russian-Chinese Fund to invest $1 billion in Rostec City

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Russian-Chinese Fund to invest $1 billion in Rostec City

The Russian-Chinese Investment Fund intends to place $1 billion in the construction of Rostec City, which is planned to be located in Moscow.

This statement was made on Wednesday by the head of the Russian Fund for Direct Investments (RDIF), Kirill Dmitriev. According to him, the Russian-Chinese Investment Fund set up with the participation of RDIF and the China Investment Corporation, will participate in the implementation of this crucial project jointly with other major investors.

We should remind you that the headquarters of Rostec state corporation with a total area of 380,000 square meters will be built on the territory of the former Tushino airfield situated in the northwestern part of Moscow.

As a reference, Rostec corporation was set up in 2007 and is engaged in the promotion, development, production and export of hi-tech industrial products.

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