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Chechen Republic
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Foreign investors
in Chechen Republic
The Chechen Republic Development Corporation, JSC
Director General: Gagaeva Selita Minkailovna
Address: 364021, Chechen Republic, the city of Groznyy, 3/25 A. A. Kadyrov Avenue, suite 13
Tel.: +7 (928) 739-46-76



Representatives of the Turkish Baykan intend to establish an enterprise in Chechnya for the production of boilers with a capacity of about 90 thousand units per year. This was reported to TASS by Mikail Suleymanov - head of the Center for Strategic Development of Rim Group, which received the relevant proposal.
The Chinese Foton Motor intends to construct a plant in Chechnya for assembly of electric buses with the production capacity of 500 vehicles per year, as the press-office of the regional ministry of industry and energy said to TASS.
Canadian Genoil and Grozneft signed an agreement of intent on projects for extraction and processing of oil in Russia, particularly, in Chechnya, to the amount of up to $50 bln. This information is provided in the press release of Genoil. The company intends to invest this amount in the development of infrastructure in Russian oil fields, a representative of the company told Vedomosti. For the start, Genoil chose Chechnya where it intends to invest up to $15 bln.
Chinese enterprise Yuchai Machinery is planning to set up a joint venture on the basis of Chechen plant Teplostroyproekt-S LLC. They will produce marine, automobile and generator engines meeting Euro 6 standard.
Chechenneftekhimprom and the Chinese СРТSA company signed an agreement on long-term cooperation in the geological study of mineral resources, performance of geological prospecting works and development of oil and gas fields in the Chechen Republic.
Grozny inaugurates the first stage of the Russian-Korean innovative lithium accumulator battery plant with the capacity of 30 MWh per annum. The city mayor office reported it to TASS.

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