NEWS

Amanah Capital Group Limited (ACGL) has opened a representative office in Kazan headed by Branch Manager Ajay Nair, a move intended to engage more with the opportunities available in Tatarstan and the Russian Federation.

Kamarul Zamri, ACGL Vice President of International Business will oversee operations of the Kazan office.

Based in Malaysia and specializing in corporate advisory and business consulting, the company has been playing an increasingly active role in Tatarstan since signing a Memorandum of Understanding with the TatarstanInvestment Development Agency at Kazan Summit: VI International Summit on Economic Coperation of the Russian Federation and OIC Countries in May 2012.

Tatarstan Investment Development Agency met with representatives of the republic’s municipalities in Kazan IT-Park as part of preparatory work for the next meeting of the Investment Board of the Republic of Tatarstan. The gathering, which took the form of an informational seminar, featured presentations by TIDA Chief Executive Linar Yakupov, First Deputy Chief Executive Robert Galiullin, and other TIDA officials.

The Investment Board of the Republic of Tatarstan was created by President of Tatarstan Rustam Minnikhanov in July 2012 as an advisory board to issues regarding investment in the republic. The Investment Board is chaired by President Rustam Minnikahnov. TIDA is responsible for coordinating the board’s activities.

Tatarstan Investment Development Agency met with representatives of the republic’s municipalities in Kazan IT-Park as part of preparatory work for the next meeting of the Investment Board of the Republic of Tatarstan. The gathering, which took the form of an informational seminar, featured presentations by TIDA Chief Executive Linar Yakupov, First Deputy Chief Executive Robert Galiullin, and other TIDA officials.

The Investment Board of the Republic of Tatarstan was created by President of Tatarstan Rustam Minnikhanov in July 2012 as an advisory board to issues regarding investment in the republic. The Investment Board is chaired by President Rustam Minnikahnov. TIDA is responsible for coordinating the board’s activities.

Tatarstan Investment Development Agency is launching a series of business briefings in the eight priority investment industries of the republic: chemical & petrochemical, machinery & automotive parts production, construction & building materials production, medicine & pharmaceuticals, IT & telecommunications, agriculture & food processing, halal industry, and service industry & tourism.

The first briefing, which will be held on 11 April, will feature discussion about the halal industry, a young but rapidly developing sector of the Tatarstan economy. The briefing is being organized by TIDA jointly with the National Association of Halal Industry and the Standards Committee of the Spiritual Administration of Muslims of the Republic of Tatarstan.

Tatarstan oil-refining company TAIF-NK has awarded a $100 million tender to KNM Group Bhd, a Malaysian company that positions itself as a one-stop solution provider of process equipment and technology for the oil and gas sector.

KNM Group Bhd will be supplying a sulfur-recovery unit for the Heavy Residue Conversion Complex in Nizhenekamsk, Tatarstan, according to a statement released by the Malaysian company to Bursa Malaysia in February. The recovery unit is expected to take 28 months to complete. 

News of the contract prompted a frenzy of speculation on financial markets, with KNM Group Bhd’s stock price rising as much as by 1.1% following the announcement.

Tatarstan Investment Development Agency (TIDA) hosted a workshop entitled “Key Economic Drivers for SMART City Kazan” in cooperation with the Tatarstan Development Corporation today.

The workshop gathered together the SMART City Kazan consortium (including Malaysian companies AJM Planning & Urban Design Group, Straits Consulting Engineers, Amanah Capital Group, and Tatarstan company Tatinvestgrazhdanproekt), future residents and investors of SMART City Kazan, along with representatives of local government, businesses, and institutes of higher education to discuss the viability of the economic sectors that will become key economic drivers for SMART City Kazan.

Today, under the "Kama Investment Forum 2013" was held Investment Council with the participation of the Republic of Tatarstan Prime Minister Ildar Khalikov. The first meeting of the Investment Council under the chairmanship of the President of the Republic of Tatarstan Rustam Minnikhanov held at the Tatarstan Government House in December 16, 2012.

Opening the second meeting of the Investment Council Ildar Khalikov underscored the importance of its work.  “In 2013 in Tatarstan will be open enterprises with an investment over 500 million dollars", - he noted. In addition, Ildar Halikov said about the cooperation of municipalities with the Russia’s Agency of Strategic Initiatives.
Also during the forum was held the Final board of Tatarstan Investment Development Agency, where its Chief executive Linar Yakupov told about TIDA’s activities in 2012 and its aims for 2013.

Yesterday, the Tatarstan Investment Development Agency (TIDA) was elected to the Eastern Europe Directorship of the World Association of Investment Promotion Agencies (WAIPA) during the Institutional Meeting of the General Assembly of WAIPA in Geneva, Switzerland.

The Institutional Meeting of the General Assembly of WAIPA was held on the first day of the two-day WAIPA World Investment Conference. During the meeting, the current WAIPA President, Apex-Brazil, recapped the achievements of WAIPA from 2011 to 2012 and oversaw the election of the association’s new President, two Vice Presidents, and 11 regional directors.

The Republic of Tatarstan attracted at least $577 million of Foreign Direct Investment in 2012, according to preliminary figures, a 580% increase over the $99.5 million of FDI attracted in 2011.

This spike bring the total amount of accumulated FDI into Tatarstan to $1.3 billion, and makes Tatarstan’s FDI per capita figure for 2012 equal $151.  

Totaling 1.4 trillion rubles ($47 billion), Tatarstan’s Gross Regional Product in 2012 was 5.5% higher than in 2011. 

Chief Executive of the Tatarstan Investment Development Agency Linar Yakupov held a briefing in the House of the Government of the Republic of Tatarstan today to discuss the development plans of SMART City Kazan.

During the course of the one-hour meeting, Linar Yakupov told the journalists gathered about the origins of the idea for SMART City Kazan, what the short-term and long-term development plans are, and how SMART City Kazan fits into the larger concept of Greater Kazan.

SMART City Kazan is an urban development project on 650 hectares of land 3 kilometers from Kazan International Airport and 15 kilometers from the Kazan city center. An Aeroexpress commuter railway will connect SMART City Kazan with both the airport and city center.