Russia Creates New Special Economic Zone in Astrakhan Region

Innovation Road Sign with dramatic clouds and sky.

Russian Prime Minister Dmitry Medvedev signed a resolution to set up another special economic zone in the country, in the southern Astrakhan Region.

“I have signed a resolution to establish a special economic zone of the industrial type in Narimanov District of Russia’s Astrakhan Region,” Mr. Medvedev said, adding that the project will require investment in infrastructure and production.

“Investment will help implement projects within the context of the Caspian development, including shelf and shipbuilding projects, and will create high-performance jobs,” the Russian Prime Minister noted.

Astrakhan Region Governor Alexander Zhilkin said that investment in production capacities alone would make up more than $10 billion at an annual rate. He said that the project was also of great interest for companies in Kazakhstan, Turkmenistan, Azerbaijan and Iran.

Advertisements

Posted on November 19, 2014, in General News. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: