Russian Direct Investment Fund and Arab funds investing in Russian agriculture – News Economy

Print Russian Direct Investment Fund (RDIF) jointly announced an investment of 9 billion rubles with the leading Middle Eastern funds. in the agro-industrial holding a full cycle “AFG National”, the leader in the production and distribution of rice, as well as to successfully develop agricultural projects within the framework of import substitution in horticulture and gardening. The corresponding agreement was signed today at the St. Petersburg International Economic Forum.

According to the investment agreements reached in the “AFG National” at a rate of about 9 billion rubles. They will be implemented RDIF and its partners on a parity basis, according to a press release of the fund.

The funds will be holding the increase in rice production, table potatoes, field vegetables and apples, the expansion of the land bank and the construction of agricultural infrastructure ., as well as expanding the product line and the development of new brands

Kirill Dmitriev , General Director Russian Direct Investment Fund:

“AFG National” is one of the leaders in the field of cultivation and distribution of rice. The company has significant export potential. “AFG National” is actively developing its business in the production of other crops, successfully implementing the strategy of import substitution. Investing in a company that uses these funds, including for non-organic growth, offer a unique opportunity to consolidate agricultural land suitable for rice cultivation on the background of the lack of modern rice irrigation systems in Russia “. Dmitry Arzhanov , Chairman of the Civil Code of the Board of Directors “AFG National”:

“AFG National” actively participates in state programs of import substitution and reclamation, develops seed towards solving Russian Direct investment Fund to invest in our holding is for us a confirmation of the correctness of our chosen path. . we are consistently developing, exploring new segments. at the same time important for us not only the volume, but above all the high quality of our products. Therefore, we traditionally invest in technology and personnel, in the development of the industry as a whole. we look forward to the support of the state our beginnings – it gives us confidence in the future We are grateful for their RDIF us confidence.. We will work with even more dedication to our cooperation was the most effective, fruitful and mutually benefit the industry, the country and the people “.

Russian Direct Investment Fund was established in June 2011, ., for the purpose of the equity investments primarily in Russia in cooperation with leading foreign financial and strategic investors, the Fund acts as a catalyst for direct investment into the Russian economy

The group of companies “National AFG.” – the largest vertically integrated agro-industrial holding operating on the principle “from field to counter”. The leader in the cultivation and processing of rice (22% of the market) and a leading producer of packaged cereals in Russia (18% of the market). GC “AFG National” produces about 220 types of products under its own and private labels. It has an extensive distribution network covering Russia, CIS countries, Europe and other regions. Since 2015 holding has also successfully developed a vegetable area, growing food or seed potatoes and vegetables on open ground watering, and also provides a bookmark superintensive apple orchards.