Abu Dhabi to Invest in Russia's Nuclear Projects, Agriculture Sector

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Abu Dhabi to Invest in Russia's Nuclear Projects, Agriculture Sector
by Staff Writers
Sochi (Sputnik) Oct 13, 2015

File image.

Investors from the United Arab Emirates (UAE) are ready to invest in Russian state companies' projects in several sectors, including nuclear energy, agriculture and natural resources, the Kremlin said Sunday.

Russian Direct Investment Fund and UAE state Mubadala investment company also created a platform for joint investment projects in Russia with the target total volume of up to $7 billion.

"Investors from the United Arab Emirates are ready to invest in projects in the nuclear industry (with state nuclear energy corporation Rosatom), in the agricultural sector (with state agriculture company United Grain Company) and in the development of natural resources (with state geological holding company Rosgeologiya)," Russian President Vladimir Putin's documents for a meeting with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan read.

The meeting between Putin and Abu Dhabi Crown Prince was focused on boosting trade and economic cooperation between the two countries, as well as international efforts to counter terrorism in the Middle East, the Kremlin said.

Source: Sputnik News

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