Region: SWFs lined up for Russian investments

Gulf sovereign wealth funds (SWFs) are expected to play an active role in up to RUB100bn ($1.8bn) worth of investments that are due to be announced by the Russian Direct Investment Fund (RDIF) at the St Petersburg Economic Forum from 1-3 June. The RDIF – which has been reaching out to Gulf funds for the past five years – has investment partnerships in place with Bahrain’s Mumtalakat, the UAE’s Mubadala Development Company and Dubai-based DP World, Saudi Arabia’s Public Investment Fund, the Kuwait Investment Authority and Qatar Holding.