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Five Major Agreements for 400 Billion Roubles Signed on EEF’s First Day

On 11 September, five investment agreements worth a total of 400.6 billion roubles were signed at the 4th Eastern Economic Forum. Yury Trutnev, Deputy Prime Minister of the Russian Federation – Presidential Plenipotentiary Envoy to the Far Eastern Federal District, and Alexander Kozlov, Minister for the Development of the Russian Far East, were present at the signing ceremony. As a result of the implementation of these agreements, more than 4.5 thousand jobs are to be created in the Russian Far East.

The most significant agreement was signed between GDK Baimskaya, the Ministry for the Development of the Russian Far East and the Government of Chukotka on the implementation of an investment project to develop the deposits of the Baim ore zone in Chukotka. The agreement stipulates for 360 billion roubles of investment and creation of more than 3,500 new jobs in the region.

Under the agreement with Far East Investment and Export Agency (Autonomous Non-profit Organization), Lotte International (South Korea) is to launch the construction of a dairy farm and a dairy plant in Primorye Territory. Lotte International is to invest about 1.9 billion roubles in this project.

The Far East Investment and Export Agency, Arnika-Holding Company and LS Networks (South Korea) signed documents on launching an agrobioeconomic cluster worth of 18.7 billion roubles in Nadezhdinskaya and Mikhailovsky TASED in Primorye Territory. The project calls for the creation of more than 500 jobs.

Tokyo Rope (Japan) and the Far East Investment and Export Agency signed an agreement on the construction of a factory in Primorye Territory. This facility will produce innovative strip-wound cores for power transmission line cables under the patented Tokyo Rope technology. The project implies 7.8 billion roubles of investment and 80 new jobs.

A poultry unit specializing in turkey meat is to be launched in Primorye Territory under the agreement between Damate Group and the Far East Investment and Export Agency. More than 12.2 billion roubles are to be invested in the project. At least 450 new jobs are to be created in the process of the project implementation.

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