Ufa increased volume of attracted private investment by 72 percent since 2010

The attracted private investment to the city of Ufa increased by 72 percent compared to 2010 and reached 102.5 billion rubles, which allows intensive city development. The investment process in the capital was in question at the daily briefing at the City Hall. According to the head of Ufa administration Irek Yalalov the level of investment attractiveness reached over the past two years had a significant impact on the economy of the city.

“We are one of the leaders in the Russian Federation on investment attraction, especially private one” Irek Yalalov said. “Now the structure of investments can be named as ideal in Ufa. 90 percent is constituted by private investors, and only 10 percent – by state and municipal funds. There is no such scheme at any Russian million cities.”

The mayor instructed to ensure the fastest approval procedure for all projects relating to the investment process, including capital construction, road infrastructure, car parking.

According to the city administration, in 2013 Ufa cut an investment record reaching the amount of private investment of 102.5 billion rubles, which is by 9.3 percent more than in 2012. In 2010, investments were considerably less - 59.6 billion rubles.