Sochi forum expected to bring deals worth $10 bln - minister -1

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Deals worth $10 billion are expected to be signed during an international investment forum which opened in Sochi on Thursday, Russia's acting economics minister said.
(Adds details in paras 2, 4-7)

SOCHI, September 20 (RIA Novosti) - Deals worth $10 billion are expected to be signed during an international investment forum which opened in Sochi on Thursday, Russia's acting economics minister said.

The sixth International Investment Forum in Russia's Black Sea resort city, previously known as the Kuban economic forum, is expected to attract about 10,000 Russian and foreign businessmen.

"Investors are ready to sign agreements worth $10 billion, which means a fairly stable positive investment climate has been created in the country, and the recent government dismissal is not worrying investors," German Gref said.

The forum, which will run until Sunday, is focused on future investment in the development of Sochi's infrastructure up to 2020, and the construction of sports facilities in the city in preparation for the 2014 Winter Olympic Games.

Sochi won its bid to host the 2014 Winter Olympics in early July after a close race with South Korea's Pyeongchang and Austria's Salzburg.

Last year, the Sochi forum resulted in business deals worth $5 billion.

The participants will also discuss investment opportunities in Russia's Far East, particularly in the Pacific port city of Vladivostok, which could host a summit of the Asia-Pacific Economic Cooperation organization (APEC) in 2012.

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