China encourages companies to invest in Russia
Oct20

China encourages companies to invest in Russia

The Chinese government assigns great importance to the role of Chinese capital in the Russian market, Vice Premier Wang Yang said today. “Russia is an important investment partner,” he said. “The Chinese government encourages companies and provides conditions for them to invest in Russia,” he added. He made the statement at the 7th China Overseas Investment Fair (COIFAIR-2016). COIFAIR-2016 is held in Beijing...

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Russian Far East may attract $30 bln of private investments
Jul28

Russian Far East may attract $30 bln of private investments

Private investors will showcase 111 projects worth more than $30 billion (2 trillion rubles) at the East Economic Forum (EEF), which will be held in Vladivostok on September 2-3. “As of now, we have succeeded in raising $17 billion (1.1 trillion rubles) worth of private investments in the Far East, 10 percent of which is foreign investment,” Alexander Krutikov, Investment Department Director of the Ministry of Development of the...

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IKEA will launch biggest project in Russia worth $60 mln in September
Jul12

IKEA will launch biggest project in Russia worth $60 mln in September

  The Swedish furniture manufacturer IKEA will launch its biggest Russia-based furniture factory worth 3.9 bln rubles ($60 mln) on September 7, General Director at IKEA Industry Novgorod Alexander Kozlov told TASS Monday (July 11). “The plan is to launch the factory on September 7. This is going to be the biggest investment in IKEA’s new production site worth a total of 3.9 bln rubles, or more than 50 mln euro,” he...

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China’s Oil Investment Falls, Raising Security Risks
Jun08

China’s Oil Investment Falls, Raising Security Risks

A steep drop in China’s oil investment may make it more dependent on imports than ever and more determined to advance its interests in the South China Sea, recent data suggests. So far this year, China’s growth in fixed-asset investments (FAI) like buildings and machinery has fallen short of forecasts with a major decline in the petroleum sector, according to official reports. While overall FAI, outside rural households, rose 10.5...

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Qatar sovereign wealth fund to buy Asia Square Tower 1 for record S$3.4b
Jun06

Qatar sovereign wealth fund to buy Asia Square Tower 1 for record S$3.4b

BlackRock has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion, in what the US firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region. Asia Square Tower 1, located along Marina View at Marina Bay, has more than 1.25 million square feet of net lettable area and has Citigroup as its anchor tenant, BlackRock and Qatar...

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