The authorities of Dagestan have said many times they want to attract both domestic and foreign investment to the republic. However, many Dagestani businessmen, bankers and wealthy people prefer to invest in other more successful regions of Russia or store money in foreign banks, which develops foreign economies.
Now along with attracting investment Dagestan authorities try to prevent capital flight. According to experts’ appraisals, to overcome infrastructural weakness of the region more than a billion rubles is needed. The head of the republic, Magomedsalam Magomedov, states that initial investment in Dagestan economy should be made by the citizens of the republic, i.e. businessmen, including those who were born in Dagestan. In this case other Russian and foreign investors could see that implemented invest projects are beneficial and will invest too. At the moment legal base is being established in Dagestan. It will presuppose tax and other benefits, supply of land. The government gives money for designing estimates. If an investor wants to invest in a certain project, he gets tax benefits, land with routes of communications, and guarantees of safety and benefits of investment from the government.
In recent time Magomedov regularly meets potential investors: representatives of the Dagestan community in Moscow, businessmen from Austria, Turkey, Italy, Israel, the USA, who want to implement major invest projects in the republic. The latest meeting with Czech businessmen was held on August 16, it was devoted to building of a rubbish recycling plant.
Investment by Suleyman Kerimov, Akhmed Bilalov and other businessmen from Dagestan is important too. They implement social and economy projects in the republic. According to the deputy head of the Agency on investment of Dagestan, Alexander Galimkov, 30 minutes of deliberations were signed at the recent Dagestan economy forum. For example, Russian and Italian investors agreed on the project of agricultural technology park AgroDagItaly. The project will be implemented in five years. 14 billion rubles will be invested. 6 thousand working places will be established. Advantages of the project are absence of waste and sustainability. Organic waste will be recycled by a bio-plant. These are technologies of the fifth generation. Building of all facilities will be started simultaneously in March 2012. At the moment lands are being allocated. The co-investor of the project is the chairman of the executive council Sovfrakht-invest, Umakhan Umakhanov.
Musa Musayev, Makhachkala. Exclusively to VK.
