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"Investment Potential of Zabaikalye and Far East" exhibition opens Friday

September 06, 2013, 6:52 UTC+3
The exhibition is held within the scope of the program of a congress opening here on Friday
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VLADIVOSTOK, September 6 (Itar-Tass) - The regions of Russia's Far East and Zabaikalye (trans-Baikal area) have put on view their investment projects at an exhibition that opened here on Friday.

The exhibition consisting of 12 display stands, each of which represents the achievements and projects of one of regions in the Far Eastern Federal District (FEFD) and Zabaikalye is held within the scope of the program of a congress opening here on Friday. The theme of the congress is "The Far East: Vector of Investment Cooperation in the Asia-Pacific Region (APR)".

Primorsky Territory is represented by the largest stand featuring projects for the construction of a petrochemical complex, an Astafyev terminal, the establishment of an industrial park of automotive machinery, a new air terminal, and a Primorye integrated entertainment zone.

"The exhibition is featuring not only achievements but also projects which are of interest to Russian and foreign investors. The potential of practically all regions of FEFD and Zabaikalye are represented here so fully for the first time," Andrei Aksyonov, director of the Agency for attracting investments, told Itar-Tass, emphasizing that three Siberian areas -- Irkutsk Region, Zabaikalye Territory, and the Republic of Buryatia - have become exhibitors and participants in the congress.

Despite the floods, Amur Region, the Jewish Autonomous Region, and Khabarovsk Territory have put their projects on display at the exhibition.

"Now that our Territory has suffered from floods, it is particularly important to draw investors' attention to the region's resources and potential. Such projects as the construction of a new airport in Khabarovsk, or a port zone at Sovetskaya Gavan are expected to attract foreign investments to the region," related Natalia Shchepilova, curator of the Khabarovsk Territory exhibition.

The program of the congress also provides for discussions on transport logistics support for trade, the formation of APR-Europe new global transportation routes, as well as food security.

Eleven major international agreements which are of major importance to Primorsky Territory are to be signed at the forum: these include an agreement on investments in a Primorye integrated entertainment zone from the companies of Lawrence Ho from Macao to the tune of $700 million.

The Far Eastern investment forum opens later in the day. The executives of large companies, state-run organizations, scientists, and politicians from all over Russia as well as those from APR countries will be guests of the forum, among them Lawrence Ho, Chairman and General Director of the Melco International Development Ltd, Matsuyama Masaji, Parliamentary Senior Vice-Minister of Foreign Affairs of Japan, Lu Hao, Governor of Heilongjiang Province, Mahmoud Moheildin, special envoy of the President of the World Bank, an official at the organizing committee of the congress told Itar-Tass.

The program of the congress provides for discussions on investment cooperation in the APR, the attraction of investments, food security, and a rise in the stability of food markets, as well as the conclusion of a whole lot of agreements which include agreements on investment in the Primorye integrated entertainment zone by the companies of Lawrence Ho and on cooperation between the Primorsky Territory administration and the METRO CASH AND CARRY limited liability company on the construction of a chain of stores in the territory of the region, a Memorandums of Understanding between the OAO "Development Fund of the East of Russia" public joint-stock company and Heilongjiang Province, and a Memorandum of Understanding between the Primorsky Territory administration and the International Bank for Reconstruction and Development.

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