Abu Dhabi plans to invest USD$5 billion in Russian infrastructure including airports.

 
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New York (AirGuideBusiness - Business & Industry Features) - Thu, Sep 12, 2013

Abu Dhabi plans to invest USD$5 billion in Russian infrastructure including airports in a venture to be set up with the country's state-backed private equity fund. Moves to improve infrastructure, some of which has changed little since Soviet times, are considered vital by investors to modernize Russia and make its economy more competitive. "We believe we can deliver attractive returns investing in Russian infrastructure," said Kirill Dmitriev, chief executive of the state-backed Russian Direct Investment Fund. "We see there is a huge (development) pipeline of toll roads, ports and airports. So it means investing in attractive cash flow businesses with significant government...

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