Abu Dhabi Invest AD eyes Russia investments

State-owned Abu Dhabi Invest AD said on Thursday it was interested in increasing investments in Russia after it bought a stake in a Russian resort being built for the 2014 Olympics in the Black Sea city of Sochi.

Invest AD, formerly know as Abu Dhabi Investment Company (ADIC), said it would send a delegation to an investment forum in Sochi which Russian Prime Minister Vladimir Putin is set to address on Friday.

In June, Invest AD joined Russia's largest bank, Sberbank, to buy a stake in Gornaya Karusel resort which will be home to the Russian National Ski-jumping Centre from 2012.