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Sochi 2014 Organizes International Investment Forum

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The "Olympiad 2014: Investments in the Future" conference, organized by Sochi 2014, was attended by representatives from the International Olympic Committee (IOC), the Russian Government, local administration and business people from around the world.

Through the investment forum Russia wants to show its investment opportunities and large-scale investment projects, including the Sochi 2014 Winter Olympic Games.

Russia's Deputy Prime Minister Alexander Zhukov, IOC Coordination Chairman Jean-Claude Killy, and Russian Minister of Regional Development Dmitry Kozak attended the conference in Sochi Friday.

The event attracted more than 500 international business representatives interested in exploring the possibilities of investing in projects related to the Sochi 2014 Winter Olympic and Paralympic Games. These include transport infrastructure, which will serve Sochi 2014's "ultra-compact" Games plan and underpin the area's economic growth far beyond 2014, said a Sochi 2014 press release.

Delegates to the conference also discussed the foundation of the world's first ever Olympic University, the Russian International Olympic University that will be built at the heart of the Sochi 2014 Olympic Park.

The university is to open in 2012 allowing students to participate in the Sochi 2014 Test Event Program that will follow once Olympic venue construction is completed by the end of 2012.

Sochi 2014 President and CEO Dmitry Chernyshenko said, "we all want to see a strong and highly innovative Russian economy, and this was one of the central themes of the International Investment Forum. Investment and innovation in people, in terms of education, training and opportunities, are as important as innovation in technology and infrastructure. Today we have had the opportunity to discuss how all this can be combined to create a much needed economic legacy for the benefit of the local community, Russia, the international community, and the whole Olympic Movement before, during and far beyond 2014".

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