Yussup Umavov: "Russian Cultural and Investment Forum becomes an important step in assessing the attractiveness of the region"
Makhachkala, May 15, 2014. Daghestan minister of trade, investment and businesses Yussup Umavov called the Russian Cultural Investment Forum as an important step in evaluation of investment attractiveness of the region.
"The All-Russian Cultural and Investment forum "Culture and Economy of regional policy in modern context" became a platform where experts and researchers discuss the problems of regional development and local communities. The main purpose of the Forum held as part of the Year of Russian Culture, is to discuss the major challenges of a balanced and synchronized development of cultural environment and economy in Russian regions, their territorial models allowing them to harmonize the cultural and socio-economic dynamics of regional development and to overcome crises and instability in socio- economic development", - Umavov pointed out.
The Minister also noted that today Daghestan is one of attractive regions of the Russian Federation. "The Republic gives greater preferences for investors. These are preparation of business plans, simplification of procedures for land allocation and settlement of engineering infrastructure, and exemption from land and property taxes ", - the minister stated.
As to Ussup Umavov, a special exhibition, consisting of two sections: "Traditional Daghestan " and "New Daghestan" was organized within the framework of the Forum. Besides, cooperation agreements with a number of large foreign companies had been signed.
A memorandum on cooperation in the implementation of investment projects in the field of agro-industrial areas was signed between Daghestan Ministry of Trade, Investment and Businesses and the Open Joint Stock Company "Agraholding "Old Garden ". The company is ready to invest 250 million euros into the republic. This is a big support for Daghestan in part of solving population employment problems. Several greenhouse complexes, gardens, logistics centers and more will be constructed. It should be noted that the Forum became a clear platform for creating a positive image of Daghestan and attracting new investors ", - Yussup Umavov concluded.