Support The Moscow Times!

RDIF to Invest in Commercial Property

The Russian Direct Investments Fund, or RDIF, will soon launch a program for investing in the development of commercial property in Moscow and the regions, the fund's head Kirill Dmitriyev said Wednesday.

Speaking at the Second International Forum for Foreign Investments in Moscow Dmitriyev told the forum that the program being launched by RDIF together with a major sovereign fund will result in the creation of new jobs thanks to investment in the construction of new commercial facilities, Interfax said.

Dmitriyev also noted that the RDIF will only invite leading international investors and developers to participate in the program in order to guarantee efficiency and quality of the projects.

Most of the investment will go toward the creation of new commercial centers in the regions, he added.

Dmitriyev did not specify with which sovereign fund RDIF would partner. That information would be announced later, he said.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more