The Association of regional investment agencies (Regions-Russia Association) and the Altai Krai Administration signed the cooperation agreement in order to coordinate the activities of Executive authorities of the Altai region, business associations and development institutions to attract into the region private internal and foreign investment.

The signing ceremony was held on the 26 of October 2015 in the framework of the working visit of the President of the Association`s regional investment agencies of Russia, Linar Yakupov in the Altai territory. From the regional administration the agreement was signed by Deputy Governor of the Altai region Vitaly Snesar.

Under the agreement, the parties ‘ cooperation will focus on development of key areas of economic growth in the region: biotechnology, agriculture, tourism and recreation, medicine, energy and engineering. Joint effort of the Association of regional investment agencies and the Administration of the Altai region also includes the promotion of the region, strengthening and development of interregional and international cooperation, the development of production, market and social infrastructure.

The strategic partnership of the parties – the cluster development of the territory, preparation and implementation of investment projects, intensification of foreign economic and interregional activities of the region, attraction of investments and formation of investment-attractive image of the Altai region on the world stage.

“Our partnership and strategic interaction with the Administration of Altai Krai are concentrated primarily on the promotion of the joint work on attraction of investments, creation of favorable conditions for business development and implementation of concrete practical steps as part of the promotion of the brand investment in the region”, – said Linar Yakupov.

Vitaly Snesar added that in the framework of the signed agreement, the parties have already identified the key topics of work: “We have identified priority areas of investments in the Altai region and formed a database of potential Russian and foreign investors. Interaction with the Association will promote the key directions of the region on Russian and international levels”.