“RDIF and sovereign Fund of Turkey has launched the Russian-Turkish investment Fund

– The Russian direct investment Fund (RDIF) and Turkish sovereign Fund (TSF) agreed on the final terms of cooperation and begin to launch the Russian-Turkish investment Fund, said the FUND. The agreement was signed in Ankara in the presence of Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan.

Under the agreement, the contribution of RDIF and the FCA in the joint Fund will make up to $500 million on each side. Investments will be made in attractive investment projects, contributing to the strengthening of trade-economic and investment cooperation between Russia and Turkey. In particular, the parties focus on such sectors as infrastructure construction, health care and information technology, the report says the FUND.

“We highly appreciate the effective communication that we have managed to establish with the Turkish sovereign wealth Fund, and hope to be able to announce joint projects in the nearest future”, – said the head of RDIF Kirill Dmitriev, whose words are reported.

He noted that on the first draft of the Russian-Turkish investment Fund may be announced during the St. Petersburg economic forum, which will take place in may.

“Investment cooperation with Turkey is actively developing, and we have a lot of projects, some of them we will announce at the St. Petersburg economic forum, which is expected to be very large Turkish delegation,” – said the head of RDIF.

Also in the framework of Putin’s visit to Turkey on Tuesday an agreement was signed between RDIF and the Turkish construction company Makyol on the establishment of partnerships for joint implementation of investment projects in infrastructure, including road construction.

Makyol together with the Russian direct investment FUND and JSC “DSK “Avtoban” is already part of the consortium that will build the fourth starting complex of the Central ring.

Makyol is a leading Turkish contractor for the construction of highways, subways and tunnels. As of 2018, the total volume of contracts in the portfolio Makyol exceeds $5.3 billion.

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