15 December 2017

Far Eastern Federal District enjoys $55 bn in investments owing to new economic regimes

The introduction of new economic instruments, such as Priority Development Areas, the free port of Vladivostok, and targeted state support for investment projects, have contributed to the efforts to attract a total of $55 billion in investments to implement about a thousand new projects, the press service of the Ministry for the Development of the Russian Far East said on Friday with reference to its Deputy Minister Alexander Krutikov.

According to Alexander Krutikov, the region generates significant interest from the global community. The first investors from India have come to the Far East, and the APR countries are showing increased investment activity.

“The Eastern Economic Forum attests to this. Whereas the first edition of the forum was attended by representatives of some 30 countries, this year, more than 60 countries interested in Russia’s eastern development were represented,” Krutikov said.

Source: http://tass.ru/ekonomika/4816701

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