Development

Russia’s Metalloinvest to Invest $156 Million in UAE

Metalloinvest, the Russian steel and iron ore company controlled by billionaire Alisher Usmanov, plans to invest AED 572 million (about $156 million) building a steel rolling plant in the United Arab Emirates, the company said on Wednesday.

Popularity: 5% [?]

December 7, 2006

Dubai Firm to Build $11 Billion City Near Moscow

Photo: Getty Images

A Dubai-based developer said it plans to build a new Russian city on 18,000 hectares near Moscow.

Popularity: 5% [?]

December 4, 2006

Bridge Between China and Russia Opened

A new reinforced concrete bridge over the Argun River, the border between the two countries in northeast China was completed and put into service on Wednesday.

Popularity: 4% [?]

November 29, 2006

Hermitage Director Urges Gazprom to Scrap Skyscraper Plan in St. Petersburg

Gazprom Tower. Project: Herzog & De Meuron Architekten AG

One of Russia’s most respected cultural custodians yesterday urged gas giant OAO Gazprom to drop its plans to build a 300-metre-high skyscraper in St. Petersburg’s historic centre.

Popularity: 11% [?]

November 28, 2006

Moscow Property Developer Seeks Up to $182 Million in IPO

RGI International Ltd., a Moscow property developer part-owned by a Morgan Stanley fund, is seeking to raise as much as $182 million in an initial share sale to tap rising demand for real estate in Russia’s capital, according to Bloomberg.

Popularity: 4% [?]