The Chechen capital witnessing the Caucasus Investment Forum for more endeavors of Russia’s most important region

The capital of the Chechen Republic in the Russian Federation will witness the Caucasus Investment Forum, which will take place between the 15th and 17th of this month.

With more than 60 events are scheduled to be held as part of the business program alone, including the plenary session “The Greater Caucasus – From Sea to Sea”.

The Caucasus region in the Russian Federation is one of the most vibrant regions and rich in diverse resources, not to mention its historical geographical and strategic location, which makes it one of the most attractive Russian regions for economic projects and investments, in various fields.

The forum is taking place in Grozny, at the residence of the head of the Chechen Republic and at the site of the Stroykar Pavilion (EXPO) exhibition center.

In Grozny, the capital of the Chechen Republic, which over the past few years has become characterized by remarkable development, which has qualified it to be a destination for investors looking for new fields of work and investment, not only in the Chechen Republic, but in the rest of the Caucasus region, which extends along the coast of the Caspian Sea, reaching the coasts of the Black Sea and the Sea of ​​Azov, which makes it a distinguished center for attracting new business and investment opportunities.

The Guests of the forum will enjoy a rich business program, a large-scale exhibition and sports events.

It’s worth to mention that as part of the main exhibition of CIF-2024, investment projects will be presented by the Republic of Dagestan, the Republic of Chechnya, the Republic of Ingushetia, the Republic of North Ossetia-Alania, the Republic of Kabardino-Balkaria, the Republic of Karachay-Cherkessia, the Stavropol Territory, as well as the republics of Abkhazia and South Ossetia, where expositions of the republics and companies of the North Caucasus Federal District demonstrate the investment and economic potential of the region, its achievements in key areas of development, and also serve as a platform for establishing business contacts and finding partners.

The Forum will represent a strategy of socio-economic development, and the state program for development of the North Caucasus Federal District for the period up to 2025.

According to this aambitious strategy, this will create conditions for the region to reach a faster pace of development in terms of key socio-economic indicators.

Meanwhile, there is an active attraction of investments, the transport and logistics infrastructure are developing, master plans for the development of cities and tourist areas are being implemented, and that due to the nature of Caucasus region.

The new image of the North Caucasus is a modern, dynamically developing region, comfortable for living and traveling, and as part of the business program of the Caucasus Investment Forum.

As for the official participation at the forum, the event witnessing the attendance of the Deputy Prime Minister of the Russian Federation in charge of the North Caucasus Federal District Alexander Novak, Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov, Aide to the Prime Minister of the Russian Federation Muslim Khuchiev, CEO of DOM.RF Vitaly Mutko, President and Chairman of the Management Board of VTB Bank Andrey Kostin, Chairman of the Board of Directors of Agrocomplex named after N.I. Tkachev Alexander Tkachev and the founder of the Safmar group Mikhail Gutseriev, while the moderator will be the Russian news agency TASS Director General Andrey Kondrashov.

The Forum focuses on key sectors of the regional economy:

• Infrastructure.
• Agro-industrial complex.
• Tourism.
• Logistics.

Besides these aspects, the human capital development of the region will be a top priority at the discussions, in terms of career growth, youth communities and entrepreneurship.

As part of the CIF 2024 youth agenda, prospects for career growth and entrepreneurial activity in the region, as well as issues of social adaptation and support for young professionals will be discussed.

Also, laboratories have been organized for students of Russian universities in four relevant creative areas:

• Development of spaces and territories.
• Media.
• Robotics.
• Entrepreneurship.

The forum represents a great opportunity for young to take a short theoretical course and, having applied the knowledge gained, move on to practice.

Finally, at the first day of the Caucasus Investment Forum will end with the ceremony of presenting the first Vershina Investment Award, which is awarded to significant investment projects, outstanding companies and individuals for their contribution to economic growth and the development of the investment potential of Russian regions.

And as part of aside activities, the KIF-2024 sports program will open with spectacular fights of leading MMA fighters representing the subjects of the North Caucasus Federal District.

The Russian government’s interest in developing and enhancing economic and investment opportunities in the Caucasus region stems from the essence of belief in the value of this region and the important opportunities it offers, and the value of the human being who has lived on this land for hundreds of years, and for whom this land has come to represent a value linked to the national and patriotic affiliation of Russia.

Therefore, it was the embodiment of value of the President of the Russian Federation ‘s decree, which gave the Caucasus Investment Forum to hold the interests of sustainable socio-economic development of the North Caucasus Federal District on an annual basis.

Over the past few years, the region has shown dynamics of indicators that significantly exceed previous years, with aspects such as tourism, industry, and the agro-industrial complex are actively developing in the region, with new segments that are attractive to investors are keep on emerging.