Russia and Qatar Secure $2bn Investment Agreement
Russia and Qatar are deepening their partnership with a focus on technology, mineral extraction, and various other mutually beneficial areas. Recently, both countries signed a $2 billion investment platform aimed at enhancing economic relationships...
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Russia and Qatar are deepening their partnership with a focus on technology, mineral extraction, and various other mutually beneficial areas.
Recently, both countries signed a $2 billion investment platform aimed at enhancing economic relationships and boosting bilateral cooperation. This agreement was formalized on Thursday during discussions in Moscow between Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad Al Thani, who was visiting Russia on a state trip.
The new accord involves the sovereign wealth funds from both nations, which will collaborate on joint investments across sectors such as technology, healthcare, and mineral extraction. The Russian Direct Investment Fund and the Qatar Investment Authority will each contribute $1 billion to this investment platform, as stated in a press release.
The collaboration between the RDIF and QIA began in 2014 with a $4 billion investment venture, which has since funded projects across Russia in various sectors including financial services, artificial intelligence, metals, logistics, and transportation.
Kirill Dmitriev, CEO of the RDIF and Putin's investment envoy, highlighted the “significant potential” of the new partnership, noting that it will create opportunities for Russian businesses in Middle Eastern markets, while also aiding Qatari enterprises in entering the Russian market.
“Together with Qatar, we’ve already invested in more than 15 projects worth over $1 billion,” Dmitriev informed reporters.
Sheikh Khalifa bin Jassim bin Mohammed Al Thani, chairman of the Qatar Chamber of Commerce and Industry, expressed that Qatari investors are interested in Russia as a key destination for investment with promising opportunities.
In conjunction with the investment deal, both sides have also finalized agreements and memoranda of understanding related to finance, healthcare, and sports.
During their discussions, Putin and Al Thani explored avenues for diversifying and increasing the volume of bilateral trade, among other topics.
Max Fischer for TROIB News
Recently, both countries signed a $2 billion investment platform aimed at enhancing economic relationships and boosting bilateral cooperation. This agreement was formalized on Thursday during discussions in Moscow between Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad Al Thani, who was visiting Russia on a state trip.
The new accord involves the sovereign wealth funds from both nations, which will collaborate on joint investments across sectors such as technology, healthcare, and mineral extraction. The Russian Direct Investment Fund and the Qatar Investment Authority will each contribute $1 billion to this investment platform, as stated in a press release.
The collaboration between the RDIF and QIA began in 2014 with a $4 billion investment venture, which has since funded projects across Russia in various sectors including financial services, artificial intelligence, metals, logistics, and transportation.
Kirill Dmitriev, CEO of the RDIF and Putin's investment envoy, highlighted the “significant potential” of the new partnership, noting that it will create opportunities for Russian businesses in Middle Eastern markets, while also aiding Qatari enterprises in entering the Russian market.
“Together with Qatar, we’ve already invested in more than 15 projects worth over $1 billion,” Dmitriev informed reporters.
Sheikh Khalifa bin Jassim bin Mohammed Al Thani, chairman of the Qatar Chamber of Commerce and Industry, expressed that Qatari investors are interested in Russia as a key destination for investment with promising opportunities.
In conjunction with the investment deal, both sides have also finalized agreements and memoranda of understanding related to finance, healthcare, and sports.
During their discussions, Putin and Al Thani explored avenues for diversifying and increasing the volume of bilateral trade, among other topics.
Max Fischer for TROIB News
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