Before oil facilities were actively developed in Almetyevsk, the town played a significant role in the region's economy. An important cross-regional road called «Orenburgsky trakt», which connected Kazan and Orenburg, passed through Almetyevo village in the 18th century. Its construction gave impetus to the rapid development of the region. There was also a post office building; crafts flourished and a local market place was full of cattle, grains, meat, honey, eggs, and furs. Starting from 1836 the village
hosted an annual trade fair, where merchants and traders from all over the Russian Empire gathered. People there exchanged goods, information and other resources.
Residents of Old Almetyevsk mainly managed to preserve a rural lifestyle of the town, as evidenced by the prevailing private buildings in the area. Nevertheless, some elements of urbanisation «invaded» the square, or «maidan», where the trade fair used to be held. Nowadays the office of «TransTechService» company and the building of cultural centre «Old Almetyevsk» (tat. «Иске Əлмəт») are located on these squares along Sovetskaya street.