Special economic zone to be created in Kursk region – Cabinet

Prime Minister of the Russian Federation Mikhail Mishustin signed a decree on the creation of a special economic zone (SEZ) of the industrial type „Third Pole” in the Kursk region. This was announced on Monday in the press service of the government.

“The first SEZ in the region will appear on the territories of two municipalities – the city of Zheleznogorsk and the Zheleznogorsk district. Conditions will be created here for the implementation of investment projects in the field of metallurgy, mechanical engineering, chemistry and other areas. In particular, it is planned to build factories for the production of hot briquetted iron, rubber products and innovative railway equipment on the territory of the SEZ.

It is specified that the volume of private investment in new production by 2031 will amount to almost 40 billion rubles, the number of jobs created is about 600.

According to the Ministry of Economic Development, there are 42 SEZs in Russia, about a thousand residents are registered in them. Residents have already invested a total of about 632 billion rubles. in the development of the SEZ and created more than 48 thousand jobs. Placement in the SEZ gives businesses a number of advantages: well-established infrastructure and communications, minimization of administrative barriers, tax benefits and customs preferences.