At Forum "Sochi-2013", Ingushetia signs seven contracts promising to create 5000 new jobs

At the 12th International Investment Forum "Sochi-2013", the Republic of Ingushetia found partners for seven new projects with the total investments nearing 5.5 billion roubles, said the head of the republic Yunus-Bek Evkurov. According to preliminary estimates, these projects will create up to 5000 new jobs.

The above Forum "Sochi-2013" was opened on September 26 and will last till September 29. It has brought together over 9000 people – a record number for the Sochi Investment Forum.

The foreign investors who have signed contracts with Ingushetia will be provided with various privileges and favourable conditions, Kazbek Oligov, the head of the division for promoting business initiatives of the Ingush Ministry of Economy, told the "Caucasian Knot" correspondent.

Mr Evkurov has added that in order to realize the above international projects, not only experts from the countries will be involves, but also the local Ingush specialists will be sent abroad for training and qualification improvement.

According to his story, most of the workplaces at new facility will be taken by residents of Ingushetia. All the projects must be implemented until mid-2015; some of them will be launched already this year.

In general, the Ingush leader has treated the current forum as good for his republic; he hopes that the taken economic measures will affect the change in the cadre policy, add to the republic's budget and reduce its dependence on federal subsidies.