The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) and China Railway Real Estate Group, one of China's largest construction corporations, have agreed to partner on a project to build a Chinese-Russian trade, economic and cultural center. This is stated in the message of the Russian Direct Investment Fund.
The project provides for the construction of a complex in the central business district of Beijing, which is part of the Beijing Free Trade Zone. As a result, an innovation and industrial cluster dedicated to Sino-Russian cooperation will be created, with an emphasis on joint market development and cross-industry integration.
The cluster is expected to house Russian chambers of commerce and industry, financial institutions, and leading companies operating in strategic industries, including energy, agriculture, and others.
The Russian Direct Investment Fund (RDIF) was founded in June 2011 with the aim of making equity investments primarily in Russia together with foreign financial and strategic investors. The Fund acts as a catalyst for direct investment in the Russian economy. At the moment, RDIF has successful experience in implementing more than 100 projects with foreign partners totaling over 2.3 trillion rubles.
