In 2018, Radiy Khabirov, the Head of Bashkortostan, established “investment hours” as a traditional form of attracting investment capital into the region’s state projects, a practice that continues to this day. During the investment hour, the government of Bashkortostan, together with the head of the republic, reviews various investment projects that undergo public defense beforehand. This method allows not only the filtering of regionally relevant ideas but also the swift commencement of their implementation.
For instance, Denis Butsaev, CEO of the Russian Environmental Operator PPK, commented on the investment collaboration with the republic: “On average across Russia, we have achieved the best results today – 11-14 months from the moment we agree. In Bashkortostan, it takes us 5 and a half months from discussing the idea to signing the concession agreement. We managed to achieve such indicators because the leadership of Bashkortostan was not afraid to use the tool of concession deals at the time.”
Such strategic decisions in investment planning position the Republic of Bashkortostan as a leader in attracting investments into the region.
Photo: Photo bank of the Investment Sabantuy