"Entrepreneurs from the Sakhalin and Kuril islands plan to unveil 30 projects during the business week of the 3rd Eastern Economic Forum… An estimated 41.6 billion rubles [$689mln] worth of investment will be required to implement them," the Sakhalin governor’s office said in a statement.
Sakhalin authorities hope to get investors interested in funding hotels and other infrastructure at the a local ski resort near the village of Gorny Vozdukh, as well as several factories to produce pipes and engineered wood.
Businesses in the Southern Kurils plan to attract cash for a new hotel complex that will also have traditional Japanese hot spring baths, known as onsen.
The annual forum in Vladivostok in Russia’s Far East is scheduled for September 6-7. The Russian president’s envoy to the region, Yuri Trutnev, said delegations from 24 countries said they would come.