03/28/2019 | Press release | Distributed by Public on 03/28/2019 03:01
Bishkek, March 28, 2019 - The Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, announces a cooperation agreement with the Investment promotion and protection agency of the Kyrgyz Republic, as well as the Russian-Kyrgyz Development Fund. Together the partners will seek attractive investment projects and ensure their implementation to help strengthen bilateral economic ties and increase the volume of mutual investments between Russia and Kyrgyzstan. The agreement with the Russian-Kyrgyz Development Fund was signed today in the presence of the President of the Russian Federation Vladimir Putin and the President of the Kyrgyz Republic Sooronbay Jeenbekov.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
'Joint investments by Russia and Kyrgyzstan can become a driver for the growth of economic cooperation between our countries. I am confident that the cooperation between RDIF and our Kyrgyz partners will help attract direct investment into national economies, develop PPP mechanisms, create free economic zones and stimulate trade and economic relations between Russia and Kyrgyzstan as a whole.'
Erkin Asrandiev, Chairman of the Board of the Russian-Kyrgyz Development Fund (RKDF), said:
'This partnership will give impetus to the further development of economic cooperation between our countries. Within the framework of RKDF's activity, it is planned to present individual projects and conclude several cooperation agreements aimed at their joint implementation. These projects have good potential, securing and understanding them at such a high level will help the early resolution of any issues related to their implementation and ensure the earliest possible completion.'
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF's management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than 1.4 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people, and generate revenues which equate to more than 5% of Russia's GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. Further information can be found at www.rdif.ru
The Russian-Kyrgyz Development Fund was established and operates in accordance with the Agreement between the Government of the Kyrgyz Republic and the Russian Federation 'On the Russian-Kyrgyz Development Fund' of November 24, 2014. The Russian-Kyrgyz Development Fund is an essential tool for the integration process of the Kyrgyz Republic into the Eurasian Economic Union. The purpose of the Russian-Kyrgyz Development Fund is to promote economic cooperation between Kyrgyzstan and Russia, to modernize and develop the Kyrgyz economy, to effectively use the opportunities arising from the parties' participation in Eurasian economic integration. Read more: www.rkdf.org
Investment promotion and protection agency of the Kyrgyz Republic was founded in 2014 and is the state executive authority for the implementation of state policy in the field of investment, export and public-private partnership.
The objectives of the Agency are to attract and promote investments in the economy of the Kyrgyz Republic, assist domestic potential and existing exporters in the development and promotion of goods to foreign markets, as well as the development of public-private partnership mechanisms. The main functions of the Agency include the search for investors and foreign importers, the implementation of state policy of functioning of free economic zones, interaction with investors, on the principle of 'single window', as well as the preparation and promotion of public-private partnership projects. Read more: http://www.invest.gov.kg/
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: [email protected]
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133