The meeting of the Investment Promotion Agencies from all over Russia took place at "KazanSummit"

International Economic Summit "Russia — Islamic World: KazanSummit 2017", which is the main site for economic interaction between the Russian regions and the countries of Organization of Islamic Cooperation was held in the capital of Tatarstan.

The discussions on the development of Islamic finance, Halal sphere, as well as the conferences of Young Diplomats of OIC countries, round tables and panel discussions were held at several sites. Also, along with traditional themes of the Islamic economy, the issues of IT industry and other relevant topics were actively discussed at the summit.

On May 19, in the framework of the Summit the workgroup of the Ministry of Economic Development of the Russian Federation, which is engaged in the development of Investment Promotion Agencies of Russian regions and simplifying of the processes of cooperation in the sphere of private-public partnership, held a meeting on regional investment agencies’ efficiency improvement. The meeting brought together representatives of corporations and development agencies from all over Russia, key federal development institutions, federal and regional authorities.

The speakers of the meeting were the Director of the department of investment policy and development of public and private partnership of the Ministry of Economic Development of the Russian Federation Vladislav Barmichev, the CEO of World Association of Investment Promotion Agencies (WAIPA) Bostjan Skalar, the Chairman of the board of "National Association of the agencies of investments and development" Sergey Belyakov, the General Director of JSC “Development corporation of Samara region” Andrey Novikov.

An "unfavorable atmosphere" which is a result of cancellation of private-public partnership (PPP) competitions in Ufa for the construction of automobile road curtails the engagement of investors in a project of this nature. This view was expressed by the Chairman of the board of "National Association of the agencies of investments and development" Sergey Belyakov. "The atmosphere which was created as a result of cancellation of these competitions in Ufa is, certainly, unpleasant. And this situation is much more a significant discouragement to private sector investors participation in private-public partnership projects", - he remarked.

The Head of Tatarstan Investment Development Agency Taliya Minullina also made a presentation at the meeting.

"Such meetings in the regions allow participants to demonstrate effectively how the region is developing, to discuss the findings of development agencies and institutions, exchange the experience with the colleagues, and motivate each other on investment growth of our country", - Taliya Minullina noted, - "For the second consecutive year the Republic of Tatarstan takes the leading position in National  rating of the investment climate of the constituent entities of the Russian Federation. We have a lot to share and learn".

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