x Abu Dhabi, UAEFriday 21 July 2017

Adia delegation explores investment opportunities in Russia

A delegation from the Abu Dhabi Investment Authority met with with officials, ministers, bankers and senior executives in Moscow this week to explore investment opportunities in Russia, Adia said yesterday.

A delegation from the Abu Dhabi Investment Authority (Adia) met officials, ministers, bankers and senior executives in Moscow this week to explore investment opportunities in Russia, Adia said yesterday.

“As a prudent, long-term investor, Adia believes in building deep and lasting relationships of trust with key stakeholders in major financial markets. We were grateful for the opportunity to have frank and open discussions with such an esteemed group of senior officials and corporate leaders during our visit to Russia this week, with the goal of better understanding the long-term opportunities and challenges of investing in Russia,” said Sheikh Hamed bin Zayed Al Nahyan, the managing director of Adia.

The meetings were organised by the Russian Direct Investment Fund (RDIF).

“We were honoured to invite and organise the visit of such a distinguished investment authority as Adia. There were many constructive discussions during this visit and we look forward to continuing our dialogue with Adia in the future,” said Kirill Dmitriev, the chief executive of RDIF.

Separately, last week Abu Dhabi agreed to invest up to US$5 billion in Russian infrastructure projects under an investment partnership after Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, met the Russian president Vladimir Putin in Moscow.

Since being formed in 1976, Adia has grown to become one of the world’s largest sovereign wealth funds, investing on behalf of the Government of Abu Dhabi and focusing on long-term returns.

Adia’s investments generated returns of 7.6 per cent at the end of last year, compared with 6.9 per cent a year earlier, measured in US dollars over 20 years.

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