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Russian Direct Investment Fund to invest $92.6 mln in projects in Kyrgyzstan

Investments will be allocated particularly for projects in the resource sector

© ITAR-TASS/Denis Kozhevnikov

BISHKEK, March 28. /TASS/. Russian Direct Investment Fund plans to invest 6 bln rubles ($92.6 mln) in projects in Kyrgyzstan, including gold mining, RDIF’s Chief Executive Officer Kirill Dmitriev told reporters on Thursday, adding that the Fund would also provide assistance in setting up a sovereign fund in the country.

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"We are ready to provide assistance to the Kyrgyz side in setting up a sovereign fund on RDIF’s pattern. We also see that Kyrgyzstan is interested in creating such a fund for attracting foreign investment in particular. RDIF has decided to invest over 6 bln rubles in joint Russian-Kyrgyz projects with that fund," he said.

According to Dmitriev, investments will be allocated particularly for projects in the resource sector. "We are already discussing five such projects. One is in the gold mining industry, another is in the logistics sector," he said.

CEO added that many partners of the Fund are interested in investing in Kyrgyz projects. "Those are particularly funds of the (United Arab) Emirates, Saudi Arabia, mainly Middle Eastern funds," he noted.

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