Investment agreements on the implementation of the Kazan Smart City were signed

The total amount of the investments is about $ 1 billion. The signing took place during one of the main events of the V International Summit of Russia and OIC countries - Strategic Forum "Practical steps to strengthen bilateral economic relations between Russia and OIC countries."

The first - the amount of 760 million dollars agreement was signed between the Tatarstan Investment Development Agency and Tatarstan Gulf Investment Company (TGIC) on the development of commercial real estate in Kazan Smart City. Document was signed by TIDA Chief Executive Linar Yakupov and TGIC CEO Khaled Al Jassim.

The second investment agreement TIDA Chief Executive signed with the Director of one of the first investors in the project - Radiance Hospitality Group - Lim Shuie Tien. 180 million dollar agreement is about the implementation of the Management and Hospitality University, transit hotel and apart-hotel in Kazan Smart City.

The third investment agreement was signed between the Tatarstan Investment Development Agency and one of the first residents of the investment platform - an international oilfield services company TGT Oil and Gas Services. The claimed investment is 11 million dollar. From TGT Oil and Gas Services document was signed by Company Director Georgi Vasilev.

At the Strategic Forum was also signed a Memorandum of Understanding between «Wipro Technologies Limited» and the project operator - JSC " Tatarstan Development Corporation" on the development of Kazan Smart City ICT master plan.

Tatarstan Investment Development Agency Press Service