POST Online Media Lite Edition


DP World and Russian RDIF to form $2 billion joint venture

Staff writer |
DP World and the Russian Direct Investment Fund (RDIF) announced the launch of a new joint venture company targeting ports, transportation and logistics infrastructure in Russia.

Article continues below

Ahmed Bin Sulayem, DP World Chairman and Kirill Dmitriev, Russian Direct Investment Fund CEO, on the sidelines of the World Economic Forum in Davos, signed a document determining the key terms and principles of the joint venture in which 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 $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.

What to read next

Russia-China Investment Fund supports IPO of Detsky Mir
Changi consortium wins Vladivostok Airport bid
Russian Railways can cut 2017 spending by up to $1 billion