RDIF expands cooperation with Rönesans Holding


The Russian Direct Investment Fund (RDIF) and Rönesans Holding, the leading construction, real estate development and investment company, have reached an agreement to expand the scope of their joint investment activities. The parties are focused on attractive investment opportunities within the Russian Federation; and have identified healthcare, construction, infrastructure and commercial real estate as priority sectors.

The agreement was signed today as part of President of the Republic of Turkey Recep Tayyip Erdogan’s official visit to the Russian Federation. Under the agreement, both RDIF and Rönesans Holding could invest up to $200 million into the partnership.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“We are pleased to continue cooperation with Rönesans Holding. RDIF and Rönesans have been actively evaluating a number of attractive joint projects in Russia leveraging Rönesans experience in infrastructure, construction, healthcare, energy, and real estate development. We hope that our ties and the experience in implementing joint projects in Russia and Turkey will make a significant contribution to the strengthening of the investment partnership between the two countries.”

Dr. Erman Ilıcak, said:

“As a company born in this country, we have always regarded Russia as one of our most important investment partners. Since the establishment, we have successfully completed various projects and developed strong relationships in the Russian market. As the next stage of this work, we are proud to be partnering with RDIF and strengthening the investment partnership between Turkey and Russia. We believe that implementing joint projects in both countries will strengthen their respective economies”