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Investment forum in Kazan gathers 25 countries

December 14, 2012, 2:53 UTC+3

It will be held in the form of a business dialogue on three topics: Petrochemistry, Energy and Transport; Machine-Building; and Development, the Services and Tourism

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KAZAN, December 14 (Itar-Tass) —— An investment forum in Tatarstan’s capital Kazan is opening on Friday, with 25 countries and some regions of Russia taking part. The event, titled Invest in Tatarstan-2012, is being held by the republican investment development agency under the chairmanship of Tatarstan’s Prime Minister Ildar Khalikov, organizing committee spokesperson Alina Sinichkina said.

According to the organizers, the forum has brought together business delegations from Germany, Britain, the United States, Austria, Belgium, China, Turkey, the CIS countries, and the Persian Gulf. It will be held in the form of a business dialogue on three topics: Chemistry and Petrochemistry, Energy and Transport; Machine-Building and Auto Components; and Development, the Services and Tourism.

“The purpose of the forum is to not only demonstrate Tatarstan’s investment opportunities, but also to show sites for doing business successfully, with opportunities for leisure and recreation,” the agency’s general director, Linar Yakupov said. Tatarstan, he said, boasts a diversified industry and the special economic zone Alabuga, where 30 domestic and foreign residents have settled firmly for doing business. Tatarstan exports half of its products to Europe and some other countries.

Tatarstan, Yakupov said, is becoming one of the most attractive regions of the country for investments.

“In January-September 2012 direct foreign investments in the republic grew by 4.3 times in contrast to the same period of 2011 to exceed 330 million dollars,” he said.

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