Investment

Unique combination of geopolitical position, nature resource potential and informational openness puts the Altai territory in the list of regions that are most promising for attracting business and investment.

Altai legislation is aimed at creating conditions for investing money and at minimizing financial risks of investors.

The general level of investment potential in the Altai territory is high. According to the leading rating agency “Expert RA” Altai has been in the 30 investment attractive regions for 10 years. This position was 26 in 2006.

The administrative risk level is lower the average (“Expert RA”).

The Altai territory rates in the 20 most attractive tourism investment regions of Russia and takes the second place in Siberian list.

The executive branch of the Altai territory started work in applying new models of economic development based on private – state partnership using the following instruments: special economic zone institution; concession agreements; Investment Fund of the Russian Federation; venture funds; business incubators; industrial parks; technology transfer centres etc.

Altai tourism and recreation special economic zone “Biryuzovaya Katun” was developed in 2006 and submitted to the Ministry of Economic Development and Trade for consideration. The cost of this project comprises 10,5 billion rubles. Altai project has been recognized as one of the best in Russia.

The projects of creating resort and recreation areas in the Altai territory have been prepared in Altaiskiy, Smolenskiy, Soloneshinskiy, Charyshskiy districts and in Belokurikha city. The total amount of investment for creating social and engineering infrastructure comprises 50 billion rubles.

A gambling special economic zone creation was considered during working out resort and recreation areas.

The Altai territory with its high economic potential and stable developing economy has a high level of investment attractiveness due to the low investment risk, favorable investment climate, openness of information about investment activity in Altai and the support of investment activity by the Altai territory Administration.