7th KazanSummit to focus on the importance Islamic finance for global trade and investment

On June 10, speaking at a briefing at Tatarstan Cabinet of Ministers, Chief Executive of Tatarstan Investment Development Agency Taliya Minullina said that Kazan will host the 7th International Economic Summit of Russia and the countries of the Organization of Islamic Cooperation on June 15-16.

She said that more than 650 participants from 31 countries have registered already. The main theme for the summit is “Islamic finance for constructive global trade and investment.”

President of the Islamic Development Bank, Dr. Ahmad Mohamed Ali is invited to discuss specific problems related to the Islamic banking. Representatives of the Ministry of Foreign Affairs of the Russian Federation and the Federation Council are also invited to attend the event, Minullina went on to say.

"This year, the summit’s exhibition will include not only traditional enterprises of the republic and export opportunities, but also industrial sites, our technoparks so that we can present the investment potential and engineering infrastructure, excellent investment opportunities Tatarstan have today," the speaker said. She reminded that Russian President Vladimir Putin has formed the Russia-Islamic World Strategic Vision Group, which is headed by Interim Tatarstan President Rustam Minnikhanov.

According to her, today Tatarstan is enhancing its positions as a successful platform for investing and entering the Russian market, coordinating the cooperation between Russia and the countries of the OIC.