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567 agreements amounting to $14.5 bln signed at Sochi Investment Forum

February 17, 7:15 UTC+3 MOSCOW

Sixteen projects are categorized as the most critical

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MOSCOW, February 17. /TASS/. Participants in the Russian Investment Forum in Sochi signed 567 agreements and protocols of intentions to the amount of 968 bln rubles ($14.5 bln) (net of agreements, whose amount is a commercial secret), up 106 bln rubles ($1.6 bln) on an annualized basis, press service of the Forum reports.

Sixteen projects are categorized as the most critical. Governor of the Khabarovsk Region signed an agreement worth 115 bln rubles ($1.7 bln) with President of the Russian Copper Company Vsevolod Levin, whereby regional authorities will assist the company in developing the Malmyzhskoe deposit.

The Leningrad Region concluded a strategic agreement on development of a multipurpose deep-water port terminal in Primorsk. Investments into the project will total 90 bln rubles ($1.3 bln).

The Kursk Region and the Miratorg agricultural holding inked an agreement on cooperation as part of regional agro-industrial complex development, stipulating an increase in production potential of company’s enterprises in the region and totaling 90 bln rubles ($1.3 bln).

The Schekinoazot chemical corporation and Gazprombank signed an agreement on indicative financing conditions for the ammonia and carbamide plant construction project to the amount of 36.6 bln rubles ($549.7 mln).

The Russian Direct Investment Fund and the UK-based United Green Group concluded an agreement on joint implementation of a construction project for an infant formula milk plant.

Over eight thousand leading economists and businessmen, chief executive of major corporations, federal and regional government official visited the Russian Investment Forum this year, with the increase by 30% year-on-year. Large delegations of officials and business executives arrived from the United States, Switzerland, France, Germany, Italy, China, the Netherlands and Japan.

468 chief executives of Russian companies attended the Forum.

The Sochi Investment Forum was held from February 14 to 15. The key topic for this year was implementation of national projects.

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