Technopolis residents invest RUR6.6 bln in Moscow economy

Investments made by residents of the Technopolis Moscow special economic zone in the development of production last year amounted to almost RUR 6.6 bln, Moscow Mayor’s web site reports. This is seven percent more compared to 2018, said Vladimir Yefimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

“Most funds were invested by microelectronics and ICT companies; the total amount of their investments was more than RUR4.1 bln. At the same time, the residents’ revenue also increased last year and amounted to more than 22 billion roubles, which is 11 percent more than in 2018,” said Vladimir Yefimov.

Comfortable conditions offered by the special economic zone are attracting more and more tech innovative, industrial and production enterprises. The benefits include tax incentives to reduce the burden by 47%, free grid connection and a free customs zone.

“In 2019, 24 companies received the status of resident of the Technopolis Moscow special economic zone — three times as many as in 2018,” added Alexander Prokhorov, Head of the Department of Investment and Industrial Policy.

A company that has decided to localise its production at Technopolis Moscow can choose already existing production facilities (brownfield) or build its own factory on land plots located in Zelenograd (greenfield).

“Last year, the majority of new residents joined the microelectronics, IT and medicine clusters. The localisation of new industries helps attract personnel. In 2018, 338 jobs were created, and in 2019 – 791 new jobs,” explained Gennady Dyogtev, Director General of Technopolis Moscow.

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