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According to a news report by the Moscow Times, the summit of such scale is the only one in Russia and the CIS.
It is jointly organized by the Tatarstan Investment Development Agency and the Islamic Business and Finance Development Foundation with support of the Federation Council of the Federal Assembly of the Russian Federation and under the patronage of the Government of the Republic of Tatarstan.
First held in 2009, Kazan Summit from the scientific conference on Islamic finance has grown to a large international economic summit, whose work promotes international relations of Russia and consistently promotes the attraction of investments in its regions.
The change of the Kazan Summit is remarkable as one can look just at the numbers of participants attending the summit.
In 2009, 250 participants attended the summit, in 2010 — 400, in 2011 — 750, in 2012 — more than 1000 guests, over 30% of which came in Kazan from around the world.
The Kazan Summit became a brand under which the Islamic world supposes acquaintance with the potential of Russian regions where cooperation with Islamic investors can get the most intensive development due to the openness and versatility of business meetings and negotiations site.
Although the Kazan Summit has the main aim to promote the development of economic and financial relations of the participants of business activities in accordance with the requirements of Sharia, it does not mean that the geography of the summit’s participants is limited only to Muslim countries.
In 2012, out of 34 countries, which participated in the Kazan Summit were 7 European countries, as well as South Korea, Hong Kong and the United States.
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