UAE’s DP World ready to invest $2bn in Russian container terminals with RDIF

One of the world’s largest port operators , the UAE’s DP World has agreed to set up an 80-20 joint venture with the Russian Direct Investment Fund (RDIF)  to invest up to $2bn in Russian ports. At the top of the list of its priorities will be container terminals in Novorossiysk, Taman and Primorsky Krai.
The deal was concluded yesterday at the World Economic Forum in Davos between RDIF  CEO Kirill Dmitriev and DP World chairman Sultan Ahmed bin Solheim.

Source: Kommersant