Mumtalakat has invested in the 4th largest airport in Russia and only operating airport in St. Petersburg through its investment in Northern Capital Gateway, the operator of Pulkovo Airport. The airport, which caters for approximately 16 million passengers annually, was significantly modernized in recent years to become one of the leading airports in Russia. Furthermore, Northern Capital Gateway holds concession rights over a new recently built terminal in addition to other infrastructure within the Airport.

    Mumtalakat’s investment was made via its co-investment programme with the Russian Direct Investment Fund (“RDIF”).