OREANDA-NEWS. On the ground of Dubai Airshow 2013 Sberbank, Sukhoi Civil Aircraft (SCAC) and Abu Dhabi Investment Company “Invest AD” signed a tri-lateral Letter of Intent to launch their cooperation in the Middle East in marketing and promotion of Sukhoi Superjet 100 in its basic and long range modification.

As an outcome of the signing ceremony, Alexander Dementiev as Global head of Financial Institutions at Sberbank, stated: “In the light of the recently adopted Sberbank Development Strategy for 2014-2018 we aim at becoming a global partner for our clients. Sukhoi Civil Aircraft Company is a leader of the Russian aviation industry and one of Sberbank's key clients. We are ready to support its interests at any spot in the world. Together with Invest AD as our strategic partner in the Middle East and Africa, we will support and help Sukhoi Civil Aircraft Company and the Russian Federation in promoting the Russian aviation industry production in this strategically important region of the globe.”

Andrey Kalinovsky, SCAC President noted: “Currently, the Middle East is one of the priority markets for SSJ100. In this regard, today we signed the Letter of Intent in order to optimize funding proposals related to purchase of our aircraft by new customers in this, promising for the Sukhoi Superjet 100 project, region”.

Nazem Al Kudsi, General Director of Invest AD, commented: “Invest AD is proud to support Sberbank's strategic clients like Sukhoi in establishing a presence and developing operations in the UAE to cover the Middle East region”.

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.