Kadyrov: the UAE intend to support small and medium businesses Chechnya

MOSCOW, October 17. United Arab Emirates intend to support the development of small and medium businesses of Chechnya, said at a press conference in Grozny the head of the region Ramzan Kadyrov.

“The UAE will invest in the development of small and medium business in Chechnya. The focus will be on youth. Anyone have interesting projects, to present them at international youth forum, which will be held in late October. The Arab side will allocate funds to develop viable projects,” — said Kadyrov.

According to him, with Saudi Arabia also agreed on the development of agriculture and industry in the Chechen Republic.

“To us there will arrive delegation from Saudi Arabia, which will discuss ways of development of agriculture and industry. Despite the difficult situation, we perform all obligations to investors. All projects are initiated, we are involved. The total cost of the project reaches about 180 billion rubles,” — said Kadyrov.