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International investment forum to open in 2014 Winter Olympics host city

September 26, 2013, 2:11 UTC+3
Russian Prime Minister Dmitry Medvedev is expected to unveil the forum at the Bolshoy Ice Palace in the Olympic Park
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KRASNODAR, September 26 (Itar-Tass) - The 12th International Investment Forum Sochi 2013 will open in Russia’s Black Sea resort and 2014 Winter Olympics host city of Sochi on Thursday.

Russian Prime Minister Dmitry Medvedev is expected to unveil the forum at the Bolshoy Ice Palace in the Olympic Park.

“Sochi will host the forum at the Olympic facilities and this will be a kind of a test in the run up to the 2014 Olympic Games,” Deputy Prime Minister Dmitry Kozak told journalists.

Organizers forecast that their forum would bring together over 9,000 delegates by 3,000 more delegates than in 2012. A record high number of Russian and foreign journalists - 1,200 will cover the event.

Aside from the forum’s business programme delegates and guests will be able to see German hard rock legends Scorpions and Russia’s folklore ensemble Kuban Cossacks Chorus and taste cuisine and traditional wines of Russia’s southern region.

Moreover, the 2014 Paralympics ticket sale will start within the forum’s framework.

Russia’s Krasnodar Territory will demonstrate its investment projects, including the construction of infrastructure facilities, plants and agricultural enterprises, hotels and apartment buildings.

“Over 2 trillion roubles have been injected into the Krasnodar territory’s economy over the past three years,” the region’s governor, Alexander Tkachev, said. “Foreign business’ investments have exceeded $3 billion.”

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