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Russia's fixed capital investment to grow 28% in 2006 - minister

BEIJING, October 13 (RIA Novosti) - Russia's fixed capital investment will increase by 28% in 2006, to $158.5 billion, and rise to $264.9 billion by 2009, the Russian Finance Minister said Friday.

"Fixed capital investment will reach $264.9 billion by 2009," Alexei Kudrin said on the first day of his working visit to China.

Russia's fixed capital investment domestically and abroad totaled $124 billion in 2005, according to the ministry.

Kudrin said foreign direct investment in Russia was $20.8 billion, or 2.5% of the gross domestic product, in the first nine months of 2006, an almost eight-fold increase from 2000.