Turkish companies interested to invest in RHD Foundation’s land

Large Turkish construction companies have expressed interest in taking part in land auctions of Russian Housing Development Foundation (RHD), located in different regions including Moscow, Novosibirsk, St. Petersburg and Primorsky Krai.

The representatives of leading Turkish companies met the management team of RHD Foundation under the leadership of Foundation’s CEO Alexander Braverman.  During the meeting both sides comprehensively discussed the implementation of integrated development projects on Foundation’s land.

The likely partners discussed the potential of mutual collaboration in housing and other construction industries. The representatives of RHD Foundation briefed the Turkish businessmen about the advantages of investing in the housing project, building industry and other development projects in Russian territories.

The cooperation between RHD Foundation and Turkish companies has witnessed a dynamic development in the recent years. At the MIPIM 2013 Exhibition, a Memorandum of Understanding (MOU) was signed between RHD Foundation and a leading Turkish construction company. Turkish bank ISbank and several companies including Eroglu, Yenigun and Agaoglu are keen to participate in RHD Foundation’s auction.

Alexander Braverman said currently the RHD Foundation is planning to auction 33 plots of land in Russian regions. He said the portfolio of projects implemented in Foundation’s area is currently at 16 million square meters and overall there are 103 projects in 38 regions of the country.

RHD Foundation head further said that the Turkish companies have great experience, particularly in the construction sector, which is largely in demand in Russia.

“We are interested in cooperation with Turkish companies in the financial sector, namely, the Turkish banks. A comprehensive approach to a site development fund is priority for us “, he said, adding the Foundation is looking forward to working with investors from more countries.

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