Ingushetia plans to sign an agreement on the construction of a bakery plant at an investment forum "Sochi-2018". The project was initiated by the company "Bread of Siberia" from Novosibirsk region. On Wednesday reported by the permanent mission of the Republic under the President of the Russian Federation with reference to the Minister of economic development of Ingushetia Umalat Torshhoev.

"The initiator of the project appealed to the ANO "Agency of investment development of the Republic of Ingushetia", the idea to implement this project in the region. The guidance was considered for this proposal. Currently, the project is approved, and will soon begin its implementation," - leads the permanent representation of the word Torshhoev. As expected, the size of investments into the project will amount to 200 million rubles.

Plant for the production of flour of durum wheat will be built in the town of Karabulak. It is expected that the wheat will be purchased in peasant farms of the region, then it will go to milling shop, and then to manufacturing.

The plant's products will be distributed in the local market and in neighboring regions. As noted, the commissioning of such enterprises will create 110 jobs. Work on the project is scheduled for completion in 2019.

Earlier reported that Ingushetia plans to sign at the forum in Sochi nine agreements, six of which investment, the total amount of 6.3 billion rubles.

Russian investment forum to be held in Sochi on February 15-16. This is the traditional venue for the presentation of investment and economic potential of the Russian Federation. Last year at the forum were signed agreements on 377 490 billion. Organizer - Fund "Recongress". TASS is the General information partner and host photo Agency forum.