Monday, 22 April 2002

CHECHEN BUSINESSMEN READY TO INVEST $500 MILLION IN RECONSTRUCTION

Published in News Digest

By empty (4/22/2002 issue of the CACI Analyst)

Malik Saidullaev, chairman of the Moscow-based Chechen State Council, told journalists on 19 April that he could raise $100 million to invest in reconstruction of the infrastructure in Chechnya, and that other Chechen businessmen in Russia and abroad are ready to invest up to $500 million. Saidullaev also said that he considers it possible to expedite the construction of prefabricated housing and thus enable displaced Chechens now in camps in Ingushetia to return to Chechnya by the end of this year. (RFE/RL).
Malik Saidullaev, chairman of the Moscow-based Chechen State Council, told journalists on 19 April that he could raise $100 million to invest in reconstruction of the infrastructure in Chechnya, and that other Chechen businessmen in Russia and abroad are ready to invest up to $500 million. Saidullaev also said that he considers it possible to expedite the construction of prefabricated housing and thus enable displaced Chechens now in camps in Ingushetia to return to Chechnya by the end of this year. (RFE/RL)
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