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Resorts of the North Caucasus together with Otkritie Bank will develop business in the region

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Resorts of the North Caucasus together with Otkritie Bank will develop business in the region

North Caucasus Resorts (NCR) and Otkritie Bank will cooperate in supporting business in the North Caucasus. During the St Petersburg International Economic Forum, KSK agreed with the bank to cooperate in developing the investment potential of the North Caucasian Federal District (NCFD).

The main block of cooperation will be implementation of investment projects in the North Caucasus. However, apart from that, Otkrytie will help KSK in arranging public borrowings and will advise on public-private partnerships, for example, on concessions.

"Our strategic goal is to support technologically advanced investment projects, including those in sectors that can be considered traditional for the North Caucasus regions. A large number of business initiatives are under consideration now, some of them may be successfully scaled in various regions of the North Caucasus", said Khasan Timizhev, Director General of KSC.

He added that the parties intend to develop and implement interregional cluster projects together. "I am sure that cooperation with Otkritie Bank will help KSC to improve business support tools in the macro-region," he concluded.

Otkritie Bank is the general partner of Made in Russia national brand promotion project.

Made in Russia // Made in Russia

Author: Ksenia Gustova

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