Arab Today, arab today russia italian firm sign 1 bn euro caucasus tourism deal
Last Updated : GMT 20:29:23
Arab Today, arab today
Arab Today, arab today

Russia, Italian firm sign 1 bn euro Caucasus tourism deal

Arab Today, arab today

Arab Today, arab today Russia, Italian firm sign 1 bn euro Caucasus tourism deal

Moscow - AFP

Russia and a top Italian construction firm on Monday signed a deal worth 1.0 billion euros to build infrastructure for developing tourism in the violence-plagued Northern Caucasus region. The deal, signed on the sidelines of a visit to Russia by Italian Prime Minister Mario Monti, foresees the Italian firm Rizzani de Eccher investing 1.0 billion euros ($1.2 billion) to develop hotels and commercial infrastructure. \"Rizzani de Eccher plans to form a consortium of investment, credit, and import firms and other organisations as well as construction and developer companies,\" the Russian Northern Caucasus Resorts group said in a statement. The deal was signed by the main shareholder of the Italian firm, Claudio de Eccher and the chairman of Northern Caucasus Resorts Akhmed Bilalov in Moscow. Developing tourism in the Northern Caucasus is a key strategic priority for Russia to bring stability to a region with huge potential but which has been scarred by a years-long Islamist insurgency fueled by high unemployment. Rizzani de Eccher will be taking part in the Russian plan to develop \"world class\" ski resorts in the region around Mount Elbrus, Mamison in North Ossetia, Matlas in Dagestan and Tsori and Armkhi in Ingushetia. Russia also wants to develop beach resorts along the Caspian Sea in Dagestan, a region that sees almost daily clashes between insurgents and the security forces. The ambitious plan sees the creation of 1,100 kilometres of ski runs, 102,500 beds and a capacity to receive 172,000 people on a daily basis. The overall cost of the hugely-ambitious alpine project is estimated at 450 billion rubles ($14 billion).

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia italian firm sign 1 bn euro caucasus tourism deal Arab Today, arab today russia italian firm sign 1 bn euro caucasus tourism deal

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal

GMT 15:47 2017 Wednesday ,22 February

Airbus faces challenges as it enters new era
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday