of the Iset Tower for the luxury apartments. Investment According to Russia & CIS Business & Financial Daily, Makhmudov will budget approximately 60 billion rubles in 2013 for investments. "We're signing contracts for next year, and have started budgeting. The average copper prices will be around $8,000 a tonne in 2012. We're hoping it stays at that level next year. We're also planning the same investment program as this year – 60 billion rubles," said his business partner. Aircraft According to SKRIN Market & Corporate News, Makhmudov planned to direct his company to develop a new regional jet by 2015. The aircraft was to be manufactured in a Czech Republic-based plant. All tests were planned to be completed in 2013. Personal life He was born to a Muslim Uzbek family. See also List of Russian billionaires References External links Forbes Magazine Uralskaya Gorno-Metallurgicheskaya Kompaniya Russian billionaires Russian businesspeople in metals Russian magazine publishers (people) Uzbekistani emigrants to Russia Living people 1963 births National University of Uzbekistan alumni Russian oligarchs