|15 October, 2019

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

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

Russian President Vladimir Putin, Foreign Minister Sergei Lavrov and Kremlin spokesman Dmitry Peskov (R-L) attend a meeting with Sheikh Mohammed bin Zayed al-Nahyan (not pictured), Crown Prince of Abu Dhabi and UAE's deputy commander-in-chief of the armed forces at the Kremlin in Moscow, Russia, March 24, 2016.

Russian President Vladimir Putin, Foreign Minister Sergei Lavrov and Kremlin spokesman Dmitry Peskov (R-L) attend a meeting with Sheikh Mohammed bin Zayed al-Nahyan (not pictured), Crown Prince of Abu Dhabi and UAE's deputy commander-in-chief of the armed forces at the Kremlin in Moscow, Russia, March 24, 2016.

Reuters/Alexander Nemenov

RIYADH - 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) ((Tom.Balmforth@thomsonreuters.com;))