Vladivostok, July 1, 2013 – The Russian Direct Investment Fund (RDIF) announces the opening of a representative office in the Far East (Vladivostok). The Fund’s new division will work closely with the Investment Attraction Agency established by the Primorsky region Administration to strengthen and develop relationships with partners and improve the investment climate in the region.
The Far East representative office was established in a partnership agreement signed by RDIF and the Primorsky region Administration at the APEC summit in autumn 2012 to attract investment to the region.
Igor Shuvalov First Deputy Prime Minister of the Russian Federation, participated in the opening ceremony along with the Governor of the Primorsky region, Vladimir Miklushevsky and Chief Executive of RDIF, Kirill Dmitriev.
In addition to other activities, the representative office will focus on projects led by RDIF’s established partnerships. Development of the Far East is a key priority for the Russian-Japanese Investment Platform and the Russian-China Investment Fund (RCIF), which has already closed its first deal, investing in Russian Forest Products Group (RFP).
Kirill Dmitriev, CEO of RDIF, said "RDIF has opened this division in the Primorsky region with the objective of forming many more of these kinds of partnerships in the very near future. The Far East’s primary attraction for investors is its resource potential and unique geographical positioning. Our operations in the region will be focused on the infrastructure, which is currently insufficient to support the implementation of multiple projects. We are also interested in areas such as mining and high value-added mineral resource processing and the construction of local production facilities in partnership with foreign companies."
Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity investments primarily in the Russian Federation. RDIF’s management company is a 100% subsidiary of Vnesheconombank. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its
commitment, thus acting as a catalyst for direct investment into the Russian economy. Further information at http://www.rdif.ru