The Bahraini investment company is ready to invest in the development of the Crimea. It is going to invest 500 million euros in the development of the infrastructure of the peninsula.

Axar.az reports citing Russian media.

“A large company, which chose to remain anonymous because of sanctions, intends to invest in the construction of roads and railway facilities in the Crimea,” Izvestia reports. The parties have already signed a memorandum of cooperation.

Company representative Stefan Dovin notes that there is tremendous investment potential in Crimea. Project implementation will begin by the end of this year. The company is also considering the possibility of building a cement plant, housing facilities, and a wastewater treatment plant, Nation News reports.