DP World and the Russian Direct Investment Fund (RDIF) have launched new joint venture company targeting ports, transportation and logistics infrastructure in Russia. Within the JV, DP World will own an 80% shareholding with the remaining 20% held by RDIF.
Under the name ‘DP World Russia’, the company will target marine, dry ports and logistics infrastructure in different parts of Russia.
DP World Russia is expected to potentially invest over time a total of USD 2 billion in upgrading Russian port facilities, while introducing international best practices in operations to improve trade connectivity for the benefit of Russian businesses, consumers and community.
RDIF is a USD 10 billion fund established by the Russian Government to make equity investments primarily in the Russian economy.
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