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Business news, 15.10.2003 11:19
Kaliningrad to present Fishing Village project at International Tourism ExhibitionRussia's most westerly region will present its Fishing Village project at the international tourism exhibition Rest-2003, which will take place in Moscow on October 15-18. The exhibition will for the first time include an exposition under the general title of Investment Proposals for the Russian Tourist Industry.
The first stage of the Fishing Village ethnographic centre of craft and trade, which will cost about USD 66 million in total, should be complete in 2005 in time for the 750th anniversary of Kaliningrad. It includes a whole complex of old-fashioned buildings including shops, hotels, restaurants and cafes, craft workshops, an art gallery and a pier.
The Kaliningrad Region will present 25 projects in total at the exhibition, with a total value of about USD 250 million, in the hope that they will attract investors.
Over 800 representatives of almost 60 different countries are expected to take part at the exhibition.
News source: www.rosbaltnews.com
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