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Territory of advanced development to replenish republican budget with over 5 billion rubles

17 July 2018 09:17 Posted in:  BUSINESS
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Makhachkala, July 18, 2018. The creation of the new territory of advanced social and economic development (TACED) in Dagestan town of Dagestanskie Ogni, as well as the inclusion of the Uytash investment site into the TACED "Kaspiysk" will prospectively bring Dagestan approx. 5.2 billion rubles of investments.

"The Ministry of Economic Development and Trade of Russia approved two applications from Dagestan - the establishment of the TACED "Dagestanskie Ogni" and the inclusion of the Uytash investment site into the boundaries of the TOSED "Kaspiysk".

These solutions will attract 17 residents with a total investment portfolio of approx. 5.2 billion rubles, and will create about 1200 jobs, the experts say. More than a dozen companies have already expressed readiness to become the residents of the new territory of advanced development in Dagestan.

The agreements of intent have been concluded with 13 companies that represent the local businesses. The Uytash investment site in Kaspiysk was created at the expense of budgetary funds. Two investors are already implementing their projects on its territory. The inclusion of the site in the TOSED will allow attracting new investors due to additional preferences and tax benefits.



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