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Joint Stock Company Moskva Krasnye Holmy

Sector: Commercial • Location: Russian Federation

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA provided insurance coverage to Enka Holding Yatirim A.S., one of Turkey's largest construction companies, for its $25 million equity investment in the construction and lease of an office building in Moscow. MIGA's $17 million guarantee covers Enka against the risks of expropriation and war and civil disturbance. The building is part of the Russian Cultural Center, a large, new complex on the

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The project “Joint Stock Company Moskva Krasnye Holmy” is an infrastructure initiative in the Commercial sector, located in Russian Federation. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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Original status

not active

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Description

Description

MIGA provided insurance coverage to Enka Holding Yatirim A.S., one of Turkey's largest construction companies, for its $25 million equity investment in the construction and lease of an office building in Moscow. MIGA's $17 million guarantee covers Enka against the risks of expropriation and war and civil disturbance. The building is part of the Russian Cultural Center, a large, new complex on the banks of the Moscow River. In addition to the office building covered by MIGA, the complex includes a hotel, exposition centers, theaters and concert halls, and retail shops. The complex is majority-owned by Enka, in partnership with the Russian Ministry of Culture, the Moscow Government Construction Department, and two individual Russian shareholders.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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