Since 1992. Always 100% Reliable.
IME
Corporation is based in a suburb of Denver, Colorado and provides
business consulting services to companies and
individual customers. This site is designed to provide information to
US businesses on opportunities that emerged in connection with the 2014
Winter Olympic Games in
Sochi, Russia.
2014
Sochi
Winter Olympics
Table of
Contents
Background
In
July 2007 International
Olympic Committee named the City of Sochi in Southern Russia the host
of the
2014 Olympic and Paralympic Winter Games. This is a very prestigious
award that
also involves an enormous amount of preparation. Various commercial,
residential and sports facilities are being designed, built and
upgraded in and
around the City and will be completed within the time period between
now and 2014. The question is
not whether all the required projects will be completed on time, but by
whom.
Key
Facts and Figures
Sochi is located on
the east coast of the Black Sea and at the foothills of the Caucasus
Mountains and presents a unique combination of the only subtropical
resort in Russia and a winter mountain ski resort. So far, the number
of winter tourists has been 90% less than the number of summer
tourists. A Russian government program for "Sochi Development as a
Mountain Resort" provides for the investment of US$12.5 billion within
the next seven years.- During the
Investment Forum Sochi-2007, 132 investment agreements for a total of
USD 18.2 billion were signed. At Sochi-2008, the total value of signed
agreements was EUR 13.8 billion. Preparation for the
Investment Forum Sochi-2009 is currently under way.
- According to the
Russian Minister for Economic Development, investors have been
identified for 99% of all facilities required for the preparation to
the Olympics. What remains is only to select contractors to build them.
- A Program for the Construction of
Olympic Projects has been approved by the Government of
Russia in December 2007 and amended in June 2008.
- At a recent press
conference, the head of the State Olympic Corporation stated that
Russia is definitely unable alone to build the gigantic infrastructure
required for the Olympics. All projects will be subject to a bidding
process open to foreign companies.
- Tax and customs
benefits will be granted to contractors involved in the preparation for
the Olympics. On November 16, 2007, the State Duma (Parliament) of the
Russian Federation approved the Sochi tax bill 326 votes to 18.
- Sochi is located in
the Krasnodar Krai boasting one of the best investment environments
among Russian regions, convenient geographic location, political
stability, well-developed financial infrastructure, highly educated
work force, rich natural resources, a number of "Special Economic
Zones." International rating agencies Fitch Ratings, Standard &
Poor’s and Moody's assigned to Krasnodar Krai long-term ratings varying
from B to AA- with "Stable" or "Positive" forecasts.
- Special very
attractive mortgage loan terms are being established for buyers of
residential real estate in Sochi.
[return
to top of page]
Olympic
Projects
Principal Olympics
projects include:
- 26,000 hotel rooms
to bring the total number of hotel rooms in Sochi to 31,000. The number
of 5-star hotels will increase tenfold, the number of 4-star hotels
fivefold. It is envisioned that 5-star and 4-star hotels will be built
mainly by foreign developers due to lack of local experience in Russia.
- Cross-country ski
complex for 16,000 spectators with tracks and a stadium.
- Biathlon complex for
20,000 spectators.
- Downhill skiing
center for 18,000 spectators and freestyle center for 14,000. 15 ski
lifts for downhill events and 13 lifts for freestyle and other ski
events.
- Bobsled track for
11,000 spectators.
- Two hockey arenas
for 7,000 and 12,000 seats respectively.
- Covered speed
skating center for 8,000 seats.
- Figure skating
palace for 12,000 seats.
- Snow board park for
15,000 spectators.
- A US$3.0 billion
Olympic Village complex on the Black Sea shore including hotels, elite
residences, sports and entertainment facilities, shopping centers, a
theme park with water features and, potentially, the largest yachting
marina on the Black Sea coast. A total of 10.8 million square feet of
various facilities are scheduled to be built in the Olympic Village
alone.
- A second Olympic
Village in the mountains.
- 360 miles of
high-speed highways.
- 90 miles of special
Olympic highways.
- 30-plus miles of
light rail connecting the sea shore with the mountains.
- 18 engineering
infrastructure facilities.
- Doubling the
capacity of the Sochi airport to 2,500 persons per hour.
- Two cargo sea ports
processing 5 million tons of shipments per year.
- An international
telecenter and press-center on the Black Sea shore and a second
press-center in the mountains.
- A 625-acre man-made
Federation Island in the Black Sea next to the coast of Sochi where
7,800,000 square feet of hotel space, residences, commercial and
recreational facilities will be built. 20,000 people will live on the
Island and 70,000 will commute to work. The total amount of investments
in the Island is estimated at US$6 billion.
[return to top of
page]
Additional
Opportunities
In addition to
Olympics projects, Krasnodar Krai offers a
wide array of other opportunities for foreign investors. Here are just
a few
representative examples:
- A Black Sea mountain
golf resort in Gelendzhik.
- A mountain
recreational complex in the Tuapse area.
- A resort complex in
the Anapa area.
- An elite sea resort
in Anapa including hotels and spas, country clubs, restaurants,
shopping centers, sports facilities.
- Two glass container
manufacturing plants.
- Two solar elements
manufacturing plants.
- Several MDF board
and LVL lumber manufacturing plants.
- Several ceramic
products manufacturing plants.
- Dozens of high-rise
and medium-rise residential projects.
- A host of
smaller-scale projects.
[return to top of
page]
Who
We Are
Alex
Svirsky, the principal of our company, was born and raised in the
former Soviet Union. He received his degree of MS in Engineering, cum
laude, from a Russian college and worked for several years as a design
engineer at a machine manufacturing plant and later as a patent expert
at a research institute. He moved to the United States and started a
language translation business, which he has been running successfully
for more than 15 years providing services to corporate clients. He
earned the distinction of being one of only four linguists in the US
certified in translating English and Russian in both directions and is
only one of them possessing both engineering and law degrees. He later
became involved in the construction business and completed a number of
successful construction and development projects in Colorado as a
principal of his own company. He obtained a degree of Master of Laws in
Intellectual Property from The John Marshall Law School, Chicago,
Illinois and is registered to practice before the United States Patent
and Trademark Office in patent cases.
Alex with his partners also operates an online store GeneralAwnings.com
that sells window and door awnings, retractable awnings, patio covers
and other similar products to customers all over the United States.
This company is currently in the process of patenting a number of its
own ground-breaking designs for window and patio awnings with a view to
start their manufacture in the near future.
We are in a unique
position to help American and other companies establish and maintain
business and personal contacts in Russia and adjacent republics,
research and advise clients on local technical and legal requirements,
locate and provide any required information, while at the same time
being closely familiar with doing business in the United States.
[return to top of
page]
What
We Can Do for You
If
you are
interested in exploring any of the above or other business or
investment
opportunities in Russia, Ukraine or other Republics of the FSU, we will research
and provide to you all the
necessary
information using sources in the public domain and our local contacts.
At this time, we believe the most
promising opportunities are those related to the 2014 Sochi Winter
Olympics. We have established the
proper procedures that potential contractors and investors are expected
to follow
in order to take part in the preparation for this historic event, while
pursuing
their business goals, and will be happy to provide consultations on
such procedures.
We
will help you
set up partnerships or joint ventures with reputable
Russian companies, if necessary, and will follow through the entire
process,
depending on your needs, from establishing initial contacts, preparing
and
translating letters of interest and other communications and business
and legal document, visiting the sites,
reviewing local requirements to drafting proposals and signing
contracts, and will
provide any related services you may need through the completion of
your
project.
Useful Links
Official website of
Sochi 2014 Olympics
How
to Contact Us
Mailing Address:
IME Corporation
P.O. Box 461294
Aurora, CO 80046-1294 USA
Office: (303) 627-0700
Fax: (303) 627-9212
Alex
Svirsky direct: (720) 276-8724 or alexsvirsky@usa.net
[return to top of
page]
© 2007-2009 IME
Corporation