Alabuga once again confirmed its leadership among domestic SEZ
In 2019, the Alabuga Special Economic Zone once again confirmed its leading positions among domestic SEZs. This was announced today by Tatarstan President Rustam Minnikhanov during a regular meeting of the Alabuga SEZ Supervisory Board. The said meeting was also attended by Deputy Prime Minister and Minister of Industry and Trade of Tatarstan Albert Karimov. The event was held in the Tatarstan Government House in the videoconference format.
To date, 33 operating production facilities are located in the special zone, more than 7,000 new jobs have been created. The total private investment is RUB 140 billion. During the meeting, the Supervisory Board approved two new investment projects with an aggregate private investment volume of over RUB 7.6 billion.
Within the framework of the meeting, a tripartite Memorandum of Cooperation was signed between Alabuga SEZ, Continent Production Decisions, and Midea Electric Trading Ltd., which involves building a component base and electronics production facility in the Alabuga SEZ for the production of household appliances.
In addition, the Supervisory Board approved the expansion of the current resident project, ST-Alabuga. The company is already successfully operating in the Alabuga SEZ, producing buses, special equipment, and freight vehicles.
Following the Supervisory Board meeting, the areas of the Synergy 2 Industrial Park (over 76,000 square metres) put into operation in June 2020, were fully leased.