The Yalta International Economic Forum has emerged as an effective instrument for attracting foreign investors to Crimea because it enables the region’s authorities to demonstrate successful development of infrastructure and phased elimination of infrastructure constraints on would-be investors, said Thierry Jean Ciprière, President of SWISSTEAMS GROUP Consortium speaking in Sebastopol on April 26. He also addressed a YIEF section on the topic of protecting foreign investments in Crimea.
“Investors invest in business if they see the development of infrastructure in the region. The past two years have seen positive processes: the building of power stations, the Kerch Bridge and Simferopol Airport. At the YIEF the Russian authorities display to investors the development of infrastructure in Crimea, which is the right thing to do. Business in the region will only develop actively after an infrastructure has been built up,” Mr Thierry believes.
In the expert’s opinion, developing the infrastructure of Sebastopol and Crimea would cost more than 900 billion roubles, so the government should initiate more infrastructure projects on the basis of public-private partnership, like in the case of the building of a new Simferopol Airport terminal.
SWISSTEAMS GROUP sees three ways of safe investment in Crimea: through investment funds registered in Switzerland, through investment funds registered in mainland Russia and through public-private partnership infrastructure projects.