Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
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Free economic zones (FEZs) in the reunited regions facilitate their economic development. This government support mechanism is in demand by both large and small businesses. To date, 455 investors have joined the SEZ. Together, they are restoring the industrial and entrepreneurial potential of the historical regions. This was announced by Deputy Prime Minister Marat Khusnullin.
"The activities of the 455 companies participating in the SEZ are aimed at developing the industrial, agricultural, energy, and other economic sectors of the reunited regions. They operate under conditions of tax breaks and other incentives. While there have been tangible results, there is still significant room for growth. The social impact of the SEZ is also important: 104,000 people have been provided with jobs," said Marat Khusnullin.
The Deputy Prime Minister added that the Territorial Development Fund, as the SEZ's management company, regularly includes business representatives from all four reunified regions in the register of participants. Construction companies are increasingly becoming new participants.
"As of today, 32 plots totaling 142 hectares have been transferred to developers from the FRT land bank. In total, the SEZ registry includes 46 housing construction companies planning to build over 1.3 million square meters of housing. Overall, SEZ participants have already attracted approximately 70 billion rubles in investment to the regions," said FRT CEO Vasily Kupyzin.
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