Global port operator, DP World, and the Russian Direct Investment Fund (RDIF) have launched a new joint venture company targeting ports, transportation and logistics infrastructure in Russia.
The deal – signed by DP World chairman Sultan Ahmed Bin Sulayem and Kirill Dmitriev, RDIF CEO – will see DP World owning an 80% shareholding with the remaining 20% held by RDIF.
Under the name DP World Russia, the company will target marine, dry ports and logistics infrastructure in different parts of Russia, with a potential long-term investment of over US$2 billion.
