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 Royal Group Abu Dhabi to invest $100 million in Chechnya

royal-group.pngAbu Dhabi investment firm Royal Group may invest several hundred million dollars in housing and agriculture projects in Chechnya - the Bloomberg is reporting.

Royal Group will spend as much as $100 million in the first phase of a housing project, said Samia Bou Azza, a spokeswoman. Royal Group, which invested in Al Reem, a $60 billion island project in Abu Dhabi, recently sent a delegation to the region, the Russian region's leader Kadyrov said in an interview in Moscow.

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