GORKI, November 18. /TASS/. Russian Prime Minister Dmitry Medvedev signed a resolution on Tuesday, setting up another special economic zone in the country, in the southern Astrakhan region.
The special economic zone is set up on the basis of shipbuilding enterprises of the Astrakhan region situated in Caspian lowland. Talks have already been held with 20 potential residents — major European companies, and preliminary agreements have been signed.
According to the prime minister, investment will help implement projects within the context of Caspian development, including shelf and shipbuilding projects, and will create high-performance jobs.
Astrakhan Region Governor Alexander Zhilkin said at a meeting with Medvedev that “investment in production capacities alone will make up more than $10 billion at an annual rate”. He said the project was also of interest for companies in Kazakhstan, Turkmenistan, Azerbaijan and Iran.
Special economic zone’s infrastructure will be set up using funds from the regional budget.