Kaspiysk, January 27, 2015. Construction of the first industrial Crystal City park has been launched in Dagestan, the press service of the republican ministry of industry, trade and investment told RIA Dagestan.

The park site located in Kaspiysk was visited by the governmental delegation comprised of aide to the Dagestan head Zeidulla Yuzbekov, deputy minister of trade and investment Magomed-Tagir Gimbatov, and representatives of the Department of Economics under Dagestan Head and government’s administration.
The industrial park is being established on 18 hectares near the republican highway Makhachkala – Airport, the territory being provided with the necessary transport and engineering infrastructure.

Crystal City is a large-scale regional project that will enhance the investment attractiveness of the region and growth of industrial potential by placing industrial enterprises producing competitive products within an industrial park, which in turn will stimulate employment and increase the tax base.
"The project has been positively assessed by the local trade ministry and agreed upon with other republican ministries and agencies. Moreover, establishing the park is part of the work done in Dagestan to implement the federal leadership’s instructions to set up industrial parks and follow the republic’s priority development project "New Industrialization," M. Gimbatov said.

By now, the park has 5 residents that have already deployed their production on the premises.