RUB 5 BILLION WORTH OF AGREEMENTS SIGNED WITH INVESTORS ON THE SIDELINES OF THE FAR EAST MEDIASUMMIT
09 June 2017
Companies have received the status of residents of Free Port of Vladivostok and enjoy opportunities for implementing investment projects with the application of preferences, the Ministry for the Development of the Russian Far East says in a press release.
The Far East Development Corporation has signed several agreements with investors on the sidelines of MediaSummit 2017, which is taking place in Vladivostok.
“The new production facilities at Free Port of Vladivostok confirm that the preferences of the special economic regime are called for and beneficial. The mission of the Corporation is to facilitate and ensure implementation of favourable financial and administrative conditions for a business to enjoy as it implements investments projects in Russia’s Far East,” said General Director of the Far East Development Corporation Denis Tikhonov.
Investment and construction company SISTEMA is planning an investment project to build two modern residential compounds with investments projected to be in excess of RUB 2 billion. The project will commence in 2017.
Komkon-2 is to build a multipurpose cultural and business complex in Vladivostok. The investment requirement is projected to be RUB 2.4 billion. The centre is expected to be commissioned in the second quarter of 2020.
Svetly company intends to create a factory to make highly-processed leather. The project is being implemented with Chinese investments. Combined investments are expected to total RUB 269 million. The project is planned to be completed in 2020.
Spassky Woodworking Complex-Group will create a complex of wood and rock processing facilities in Primorsky region. The project will require an estimated RUB 400 million in investments.