Arab Persian Gulf States' Investment in Russia

Abstract

Throughout the past decade, Russia’s main sovereign wealth fund (SWF) - Russian Direct Investment Fund (RDIF) - has forged strategic partnerships in the Middle East to obtain billions in investment for Russia’s energy and infrastructure sectors among others. The oil-rich Arab Persian Gulf states’ SWFs have been the main Middle Eastern sources of this investment. Saudi, Kuwaiti, Emirati, and Qatari investment vehicles have focused heavily on Russia’s roads, airports, seaports along with the country’s major oil, gas, and refining projects.