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'Kangalassy’ Industrial Park launches a new industrial project

‘Jinhaytong-Ceramics’ Company to establish a brick production within 'Kangalassy Industrial Park’ Advanced Development Zone

Denis Tikhonov, General Director of JSC Corporation for Development of the Far East, said earlier that the successful implementation of all the announced projects is important, regardless of the sector of economy, industry or investment: "Any resident of the zones of advanced development and the Free Port of Vladivostok has the right to count on equal support from the Corporation."

"Within few years in the Russian Far East, a modern legislative framework has been created that allowed the formation of a new competitive economic space in the region,” said Minister of the Russian Federation for Development of the Far East, Aleksandr Galushka. “For 4.5 years, thanks to these new mechanisms, 3.7 trillion rubles of direct investments have already been attracted to the region, and today the Far East is the leader in growth of investments in economy among the regions of Russia. At the end of 2017, growth was 17%, while on average in the country this figure was 4.4%. Behind all this, there are 1200 new investment projects that diversify the region's economy. This is investment in industry, logistics, agriculture and tourism."

To date, under consideration in the JSC Corporation for Development of the Far East there are 69 applications for investment activities in the Zones of Advanced Development and Free Port of Vladivostok for a total of 88.7 billion rubles and plans to create 7.000 jobs.