MOSCOW May 13 A consortium led by Russian
Direct Investment Fund and including Chinese, Middle East and
other investors said on Saturday it would invest over 90 billion
roubles ($1.6 billion) in a real estate development project in
The consortium comprises Russia's sovereign wealth fund RDIF
along with the Russia-China Investment Fund, a joint venture
between RDIF and China Investment Corporation, Russia-based
international investment and industrial group Vi Holding as well
as unnamed Middle East investment funds, RDIF said.
It said the real estate project targeted by the consortium
would be located in the former Tushino airfield in northwestern
Moscow. The project, with the total area of more than 1 million
square metres, is to include Class A office park, residential
property and other facilities.
($1 = 57.0430 roubles)
(Reporting by Katya Golubkova; editing by Vladimir