Caucasus Investment Forum: 100 Agreements Worth 106.1 Billion Rubles Signed
The Caucasus Investment Forum (CIF) took place in Grozny, Russia, from July 15 to 17. During the event, participants signed 100 agreements, including 7 with foreign authorities and companies, totaling 106.1 billion rubles.
The forum, themed ‘The Greater Caucasus: From Sea to Sea,’ attracted over 4,000 delegates, including businessmen, experts, industrial companies, CEOs, and government officials from CIS countries and the five Caspian Sea states.
Over the three days, the CIF featured more than 65 events with 430 speakers. They discussed a wide range of topics, including the development of entrepreneurship, the agro-industrial complex, transport infrastructure, tourism, investment, Russian-MENA technological cooperation, industry, energy, the banking sector, international cooperation, healthcare, AI transformation of business, and humanitarian issues.
Doubts Revealed
Caucasus Investment Forum -: The Caucasus Investment Forum is a big meeting where people talk about investing money in the Caucasus region, which is an area in Russia.
Grozny -: Grozny is a city in Russia. It is the capital of the Chechen Republic.
Rubles -: Rubles are the currency used in Russia, like how we use rupees in India.
Delegates -: Delegates are people who represent others at a meeting or event. They can be businessmen, experts, or government officials.
Entrepreneurship -: Entrepreneurship means starting and running your own business.
Transport infrastructure -: Transport infrastructure includes things like roads, bridges, and railways that help people and goods move from one place to another.
Tourism -: Tourism is when people travel to different places for fun or to see new things.
AI transformation of business -: AI transformation of business means using artificial intelligence, like smart computers, to make businesses work better and faster.
