Oct 08 2010 |
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QIA to invest $500m in Russian Industrial Urals
Doha: Qatar Investment Authority ( QIA ) has allocated $500m for running geological exploration in the polar Urals project in Russia.This was disclosed in a meeting held on Tuesday in Moscow between QIA representative and Rashid Saeedov, first deputy Manager of the Russian Industrial Urals company, said Russian Itar Tass news agency.
The Qatari side expressed great interest during the meeting to invest in gold, copper and other minerals in the Russian geological zone, according to Poris Kirigov, deputy Manager of the Industrial Urals company, according to QNA.
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