VLADIVOSTOK, July 18 (RIA Novosti) – The world’s first international investment fair has kicked off in Russia’s Far East, the regional authority said Friday.
“It will host an exhibition and presentation of investment projects, technologies, business concepts, merchandise and services provided by companies of all types of ownership from the Magadan region, as well as from other territories and countries,” the message read.
The ambitious fair in a region, locked up in permafrost and sprawling between the Arctic Ocean in the north and the Sea of Okhotsk to the south, is expected to attract a host of high-ranking guests from China and Baltics.
Chinese investors and entrepreneurs, representatives of major industrial companies and administration from the neighboring Hunchun province are expected to come.russia
Other high-flyers include Latvia’s ambassador to Russia Astra Kurme, economic counsellor with the Latvian embassy in Russia Girts Jaunzems, head of the Russian Office with the Latvian Investment and Development Agency Iveta Strupkaja, as well as representatives from two Latvian banks, Pasta un Kurjeru Serviss and Baltic International Bank.
Russia’s biggest oil producer Rosneft is also expected to send its representatives to the exhibition.
Last month, President Vladimir Putin’s official envoy to Russia’s Far Eastern Region Yuri Trutnev said the province was going to attract some $65 billion in target investments. Russian government has been working to promote the region in order to boost cash inflows and tighten links with Asia’s powerhouse economy, which is China.