Moscow Times 21 May 2102
Heavyweight Chinese infrastructure investors are moving toward putting their money into big projects across Russia, a market they described as “empty” during a presentation in Moscow Friday.
Russian government officials are pushing the foreign corporations toward the regions, particularly the North Caucasus, but no agreements have yet been signed.
Top executives from infrastructure, construction, tourism and leisure investors Dalian Wanda Group and China Oceanwide Holdings Group concluded a second visit to Russia in less than a year this week.
Moscow, Krasnodar region, the Dagestan republic and Irkutsk are particularly promising, vice president of China Oceanwide Holding Group Tszysin Tsi told reporters.
“We have made initial agreements with local authorities from these towns, so we have made the first step toward investment,” he said, speaking through a translator.
During their guided tour of the Russian regions, the investors visited Makhachkala, the violence-prone capital of Dagestan, and the Caspian Coast — sites promoted by North Caucasus Resorts, a state-controlled company with a mandate to develop the region.