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15 July 2009  
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Sochi 2014 CEO Tells British Business of Opportunities in Russia 
 04/03/2009
 
 
The Russia-Great Britain Olympic Partnership conference was held in Moscow yesterday. The event was opened by a speech from British Ambassador in Russia Anne Pringle and saw Dmitry Chernyshenko, President and CEO of Sochi 2014, share the opportunities for British business and investors through Russia’s first ever Winter Games. Mr Chernyshenko highlighted the Organizing Committee’s commitment to work with best-in-class partners in all aspects of 2014 Olympic and Paralympic Winter Games delivery.

The conference – which coincides with a British trade delegation’s visit to Moscow – attracted representatives of numerous businesses specializing in design and construction. Among them were HOK Sport - the organization responsible for designing the London 2012 Olympic Stadium, British construction machinery manufacture firm JCB, which has already secured a £23 million contract to supply diggers for Games preparations, and MACE – consultant for project management of the State Corporation “Olimpstroy” responsible for Olympic construction.

During his speech, Dmitry Chernyshenko highlighted the many and varied business opportunities associated with Russia’s national priority project and welcomed British companies and investors’ interest in Sochi 2014.

Mr Chernyshenko said:
“I would like to invite potential British investors to take part in our incredible project, where we are making strong progress. One of the most significant opportunities associated with Sochi 2014 is in the marketing arena, where we have already signed contracts in our Tier One Telecom and Oil Categories. Partnership with Sochi 2014 not only includes the right to use the Olympic and Paralympic symbols, but also opens an exclusive door to one of the most dynamic regions and projects in Russia. It is a unique investment opportunity for both domestic and international companies.

There is also a significant opportunity for contractors as Sochi 2014 is a Government guaranteed project. Spending on the infrastructural regeneration of the Krasnodar Region and Olympic preparations will therefore continue as planned.

Sochi is already an international tourist destination, with in excess of 100,000 hotel rooms attracting more than four million visitors per year. However, the ‘Sochi – Home City’ program, which will begin later this year, defines the city as the third ‘cluster’ for the Games and offers unique business opportunities. In addition, many of the Olympic venues will have private sector involvement, which will be presented to the international community at the MIPIM Conference in Cannes next week.”

Conference delegates also heard of the importance of international cooperation in the delivery of Sochi 2014. Mr Chernyshenko highlighted the ongoing partnership between Sochi 2014 and London 2012, which includes sharing information and best practice.

Mr Chernyshenko continued:

“Olympic partnership is vital and very exciting. It offers new opportunities for international cooperation, which is vital to our goal of delivering a truly innovative Winter Games. We view London 2012 as the best practice example of legacy planning, which was one of the main topics of discussion during a recent visit to London by myself and our Deputy Prime Minister Dmitry Kozak.”

During his speech, Dmitry Chenryshenko also outlined the global governance structure of Sochi 2014:

“The Olympic construction project is managed by the dedicated Olympic Deputy Prime Minister Dmitry Kozak. His role is evidence of the fact that the Russian Government is fulfilling its commitment to prioritize the Olympic project over all others. Mr Kozak is chair of the State Corporation’s Supervisory Board and I am his deputy.”

(Source: Sochi 2014)
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