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12:23 | Jul 02 | 2014

Yakutia presented its investment potential in Harbin, China

  July 01, 2014. Investment opportunities of Yakutia were presented at the “First Russian-Chinese EXPO” Fair within the context of the Days of Russian Regions arranged by the Ministry of Regional Development of the RF and the Ministry of Commerce of the People’s Republic of China.

The delegation of the Republic of Sakha (Yakutia) is headed by Gennady Vadyukhin,  the First Deputy Chairman of the Government of the Republic of Sakha (Yakutia).

 Investment potential of the republic was presented by Alexey Zagorenko, the Director General of the Investment Development Agency of the Republic of Sakha (Yakutia).

The head of the Agency has briefed on the social-economic development of the region and 7 reasons for conduct of business in Yakutia. Among key reasons he emphasized major stocks of natural resources, significant potential for mineral extraction and processing development, unique geographical location, good international credit rating, comfortable conditions for investment operations and well-developed infrastructure for small and medium-sized businesses.  Alexey Zagorenko also mentioned maturity of economy in the region.

The businessmen of China were interested in getting the government guarantee on investments proceeds to Yakutia and time for approval documents obtaining. First of all, the investors from the Heavenly Kingdom are interested in resource and infrastructure projects.

The goal of “Russian-Chinese EXPO” is to assist extension and diversification of commercial and economic cooperation between Russia and China. The presentation of the investment potential of Yakutia at this Fair is a landmark in the history of Sakha-Chinese business contacts.

After the official presentation a number of agreements on extension of business contacts with Chinese companies and executive authorities was signed.