Russian Railways Look for High-Speed Rail Network Bids

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Jan. 31 – Foreign investors will be invited to Russia to design, build, finance and maintain a new high-speed rail network, state-run Russian Railways announced Friday.

Russian Railways, which operate the world’s biggest passenger rail network, has created a subsidiary to handle the project, High-Speed Rail Lines, which will present potential bidders in March 2011, and reveal an international tender for the Moscow – St. Petersburg route in December this year. Continue reading…

Russia to Attract US$800 Million Investment from UAE

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Sept. 22 – Russian Technologies (Rostehnoliogii), a state-run industrial corporation, signed agreements on Friday with two companies from the United Arab Emirates – the ports and logistics unit of Crescent Group and real estate developer Damac.

“The Russian market is attractive enough to the Arabian investors. In particular the Russian power industry contains a number of promises for investments,” Fahd Hamidaddin, marketing director of state-run Saudi Arabia General Investment Authority, said during an interview with Infox.ru in July. Continue reading…

Daimler Trucks Expands its Local Presence in Russia

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Mar. 31 – Daimler AG and Russia’s investment bank Troika Dialog have signed a memorandum of understanding regarding the strengthening of Daimler’s role in the Russian truck manufacturer KAMAZ, through the acquisition of five percent of the KAMAZ shares held by Troika Dialog.

Under this plan, Daimler AG and the European Bank for Reconstruction and Development (EBRD) are in negotiations to acquire this stake in KAMAZ owned by Troika Dialog. The acquisitions would be made in parallel and closely coordinated. Continue reading…

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