DP World (DPW.DI) and state-owned Russian Direct Investment Fund (RDIF) signed a deal on the sidelines of the World Economic Forum in Davos that entails the establishment of a joint venture(JV), DP World Russia, with potentially USD2 billion investments over time,  according to DP World Chairman Sultan Ahmad Bin Sulayem. DP world will hold the majority stake of the JV (80%), while RDIF will own the remaining. DP World will channel its investment through DP World Russia and will include Russian marine, dry ports and logistics infrastructure projects, which will mark DP World’s first foothold in the Russian market. We communicated with DP World’s management and they clarified the JV is a platform that will enable the company to invest in Russia. DP World has not made any investments in Russia before; however, it is a market the company likes and believes it could be opportunistic to enter at some point in the near future. (Gulf News, Wafaa Baddour)