Presidential Envoy in Volga Federal District Mikhail Babich visits production facilities at SEZ “Alabuga”

On January 28 Presidential Envoy in Volga Federal District Mikhail Babich visited special economic zone “Alabuga” (Elabuga minucipal district, Tatarstan). Accompanied by Tatarstan President Rustam Minnikhanov, Mikhail Babich looked around production facilities located in SEZ “Alabuga”, such as “Rokvul Volga”, “Ford Sollers Elabuga” and “Trakya Glass Rus”, which is under construction.

At “Ford Sollers Elabuga” Mikhail Babich was informed that the assembly of Ford Transit of the new generation is expected to be started in the second half of 2014. A presentation of special economic zone was made at administrative business center of SEZ “Alabuga”. Director General of JSC “SEZ PPT “Alabuga” Timur Shagivaleev told why world brands choose this platform to develop their business, about tax privileges and preferences for resident companies and other conditions.

Currently, 41 resident companies have been registered at SEZ “Alabuga”. It is expected that the number of companies will increase to 120 by 2020. The amount of planned investments of the registered residents makes 109 bln rubles and 58 bln rubles have been already invested. As of today, 9 production facilities have been launched at SEZ “Alabuga”, some resident companies will start their activity this year.

SEZ “Alabuga” is among top 40 best economic zones in the world together with Chinese economic zones which have been in business for more than 10 years already”, Timur Shagivaleev said answering Mikhail Babich’s questions.