October 15, 2019 / 8:05 AM / a month ago

Russian sovereign fund announces 10 deals in UAE worth more than $1.3 billion

RIYADH (Reuters) - Russia’s RDIF sovereign wealth fund said it would sign 10 investment agreements worth more than $1.3 billion with partners from the United Arab Emirates including the Mubadala Investment Company on Tuesday.

The agreements, to be signed during a visit by Russian President Vladimir Putin, will cover high tech, health care, mineral resources extraction, logistics and industrial manufacture, RDIF said in a statement.

Reporting by Olesya Astakhova; writing by Tom Balmforth; editing by Andrew Heavens

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