Russia and Turkey to create an investment fund with a volume of $ 1 billion

Russian Direct Investment Fund will create an investment fund with Turkey, which is the target volume will be $ 1 billion.
According to general director of Russian Direct Investment Fund Kirill Dmitriev, the fund will do crediting joint projects in priority sectors, including agriculture, health, tourism and infrastructure.
It is expected that the organization will begin work in 2017. Work has already begun study of promising projects. According to experts, the Foundation will strengthen the business relations between the countries, but over-ambitious projects he needed more money.
"Now Turkey completes the creation of a sovereign fund, which will represent it in this project. It is important that the creation of a Turkish and Russian-Turkish Foundation used the experience of Russian Direct Investment Fund, "- said Dmitriev.
He added that the Russian Direct Investment Fund is actively working with the Turkish partners have an agreement with Rönesans Holding (Turkish holding company engaged in the construction and real estate investments) for the implementation of projects in Russia, analyzes a number of transactions with other companies in different industries and regions.
Chapter RDIF emphasizes that the creation of the new fund will enable systematic fund of the Russian-Turkish investment projects. Under consideration are already projects worth $ 300 million in agriculture, health, tourism and infrastructure.
"RDIF created about 20 country partnerships, ranging from several hundred million to several billion each. In this range, we believe the best and the establishment of the fund. Especially as its target size is now set at $ 1 billion, "- quoted Dmitriyev" Izvestia ".
The ministers of economy of Russia Alexei Ulyukayev and Turkey and Nihat Zeybekchi in July planned to return to the discussion on the establishment of a joint investment fund.