The Russian Direct Investment Fund (RDIF) and the Israeli LR Group will invest up to $100 million in milk production in Russia
Источник: tass.ru
The participation of Israeli companies in the agricultural projects of the Russian Federation will significantly improve the efficiency of domestic agribusiness, said the general director of RDIF Kirill Dmitriev.
The Russian Direct Investment Fund (RDIF) and the Israeli agrointegrator LR Group agreed on joint investment in the field of dairy farming and milk processing in Russia. The volume of investments is up to $100 million. It is reported in the joint press release of the companies.
"According to the agreement, a joint investment of RDIF and LR Group at the first stage will amount to $100 million, the parties are already studying the most promising regional projects", - stated in the message.
"The participation of Israeli partners in agricultural projects on the territory of Russia will significantly improve the efficiency of domestic agribusiness through the application of innovative technologies and global best practices. We intend to focus joint search for attractive investment opportunities in this area on the dairy farming sector, high interest in which is shown by many international partners of the Russian Direct Investment Fund," - said the general director of RDIF Kirill Dmitriev.
In his turn, the Head of the LR Group Ami Lustig said that Israel is a recognized world leader in the dairy industry, and adaptation of the best technologies and the creation of vertically integrated regional dairy clusters will significantly increase milk production. "We understand the importance of this work to ensure food security of the Russian Federation and appreciate the professional experience of the RDIF in international projects", - he added.
The Russian Direct Investment Fund was founded in June 2011 for investment in the share capital mainly on the territory of Russia together with leading foreign financial and strategic investors. The Fund acts as a catalyst for direct investment into the Russian economy.
The Israeli LR Group since 1985 has been implementing “turnkey-projects” using a holistic approach and comprehensive solution: developing of the concept, technology, design, financing, construction and management of medium and large scale projects. The company has implemented more than 400 projects, the total cost of which is over $1 billion.
Read full article in Russian on DairyNews.ru
"According to the agreement, a joint investment of RDIF and LR Group at the first stage will amount to $100 million, the parties are already studying the most promising regional projects", - stated in the message.
"The participation of Israeli partners in agricultural projects on the territory of Russia will significantly improve the efficiency of domestic agribusiness through the application of innovative technologies and global best practices. We intend to focus joint search for attractive investment opportunities in this area on the dairy farming sector, high interest in which is shown by many international partners of the Russian Direct Investment Fund," - said the general director of RDIF Kirill Dmitriev.
In his turn, the Head of the LR Group Ami Lustig said that Israel is a recognized world leader in the dairy industry, and adaptation of the best technologies and the creation of vertically integrated regional dairy clusters will significantly increase milk production. "We understand the importance of this work to ensure food security of the Russian Federation and appreciate the professional experience of the RDIF in international projects", - he added.
The Russian Direct Investment Fund was founded in June 2011 for investment in the share capital mainly on the territory of Russia together with leading foreign financial and strategic investors. The Fund acts as a catalyst for direct investment into the Russian economy.
The Israeli LR Group since 1985 has been implementing “turnkey-projects” using a holistic approach and comprehensive solution: developing of the concept, technology, design, financing, construction and management of medium and large scale projects. The company has implemented more than 400 projects, the total cost of which is over $1 billion.
Read full article in Russian on DairyNews.ru
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