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Foreign investments in Khabarovsk Territory over three years make $800 M

May 23, 2012, 16:31 UTC+3
The figures were quoted at Wednesday’s meeting of the governor’s Consultation Committee on foreign investments
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KHABAROVSK, May 23 (Itar-Tass) — Investments in the economy of the Khabarovsk Territory grew over past three years by 1.7 times and in 2011 exceeded 176 billion roubles.

Though over several past years, the region had been among Russia’s three leading territories in dynamics of lowering investment risks, the amount of foreign investments made slightly over 800 million dollars, which brings the region to the sixth position in the Far East Federal District.

The figures were quoted at Wednesday’s meeting of the governor’s Consultation Committee on foreign investments, which involved businesses from the Asia-Pacific region and Europe.

“Attraction of foreign investments to us is not only a source of financing major projects. Foreign companies bring modern technologies, best managing practices as well as standards of the world’s market,” Governor Vyacheslav Shport said.

The region continues implementation of major investment projects. They include – an innovations cluster based on enterprises of aviation and shipbuilding, a special economic port zone called Soviet Harbor, development of the Bolshoi Ussuriysky Island, formation of an aviation hub on the basis of Khabarovsk’s airport involving Korea’s Incheon corporation, of a gas and chemical complex with participation of Russian, Korean and Japanese companies.

Governor Shport calls for more active improvement of investment climate. Among additional measures to attract investments he named, for example, design of specialized road-maps – action plans for the authorities and investors. Road-maps help businesses to access ready construction sites having energy, transport, and water infrastructures. The territory makes big investments in those projects, organizes pre-planned preparation of site and infrastructures for development of modern enterprises with foreign investments. This is reflected in the regional standards for investment activities. 

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