Presentation of SEZ Alabuga for foreign and Russian investment companies in Moscow

Presentation of a special economic zone of the industrial-production type “Alabuga” for foreign and Russian investment companies was held in Moscow. Director General of OAO “Special economic zones” Oleg Kostin, President of the Republic of Tatarstan Rustam Minnikhanov, Director General of SEZ Alabuga Timur Shagivaleev took part in the event.

Presentation of SEZ Alabuga (the Elabuga municipal region, the Republic of Tatarstan) was dedicated to the issue “Why do global brands choose SEZ Alabuga.” Guests and potential investors were told about advantages of the special economic zone, preferences for resident companies and created infrastructure.

To the point, 31 resident companies are now registered at the special economic zone. In the nearest few years the number of residents will make 60. In August 2012, the sum of investments made by resident companies in production development at SEZ Alabuga exceeded 1 bln US dollars. The decision regarding expansion of the SEZ Alabuga territory has been approved by the federal government.

President of the U.S. Chamber of Commerce Andrew Somers characterized the investment climate in the Republic of Tatarstan as positive. Participants of the presentation noted that location of production on the territory of SEZ Alabuga enables decreasing the cost of realization of business projects by one-third, due to favourable conditions offered for developing business and infrastructure.

The Tatarstan President and chairman of Supervision Council of SEZ Alabuga Rustam Minnikhanov said that SEZ resident companies need highly skilled personnel.

Specialists suppose that today SEZ Alabuga faces the following tasks: attraction of investors and highly skilled workers, which includes creation of comfortable conditions for life, construction of housing, social and cultural objects.