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MIL OSI Translation. Region: Russian Federation –

December 20, 2021, 09:01

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Photo by E. Samarin. Mos.ru

Major investors include Germany, France, Finland, USA, Italy, as well as Asian countries.

From January to June 2021, the accumulated volume of foreign direct investment in the capital’s economy increased by seven percent and amounted to $ 268.5 billion.

“Foreign investors are showing a steady interest in Moscow. Today, the capital accounts for half of all accumulated foreign investments in Russia. According to the latest data from the Central Bank, as of July 1, 2021, their volume reached $ 268.5 billion. Thus, investors from Germany invested $ 8.7 billion in the city’s economy, France – $ 4.9 billion, Finland – $ 4.3 billion, the United States – $ 3.7 billion, Italy – $ 3.6 billion, ”he said. Deputy Mayor of Moscow for Economic Policy and Property and Land Relations

Vladimir Efimov.

Asian countries are also investing in the capital’s economy. This region is a major strategically important partner of the Russian capital. Over the six months of this year, Singapore invested $ 2.2 billion in Moscow, Japan – almost $ 2 billion, Kazakhstan – $ 1.6 billion, the Republic of Korea – $ 970 million, China – $ 907 million.

As a rule, foreigners invest in financial and insurance companies, in trade, in industry and high technology, as well as in real estate.

In addition, many foreign enterprises are localized in the capital. The factories Coca-Cola HBC Russia and PepsiCo, German enterprises Siemens, Phoenix Contact RUS, Hyperglobus, British manufacturers Unilever, Diageo, British American Tobacco operate. American pharmaceutical companies Abbot Laboratories, Johnson & Johnson, Lilly Pharma, Pfizer have their offices in the capital.

Supervisor Department of Investment and Industrial Policy Alexander Prokhorov noted that the first in Russia plant of the German concern KSB for the production of pumps and pumping equipment operates in Moscow. The Concern supplies products to Mosenergo and Mosvodokanal, plays an important role in the technical equipping of engineering equipment at such facilities as the Moscow Oil Refinery, Moskvarium, Moscow-City. The plant opened in 2019 and is mainly equipped with Russian machines. The production has created 110 jobs

“The Moscow Renault plant has the highest level of production localization among foreign car manufacturers operating in Russia. The enterprise was opened in 1998, today it is a full-cycle production of vehicles, where welding, painting and assembly shops operate. The plant has launched the production of such mass models as Logan and Duster, as well as the popular Kaptur and Arkana crossovers, ”the head of the department cited another example.

Enterprises with participation of foreign business

Alfa Avtomotiv Technologies was founded by the Japanese corporation of heavy machinery IHI Corporation and PJSC Plant named after I.A. Likhachev “. The company is building a production of component parts for motor vehicles in Moscow. The volume of investments in the project within the framework of a special investment contract signed with the capital is more than two billion rubles.

The Chinese company CRCC is developing investment projects for the construction of a subway in the city. In 2017, she signed an agreement with Mosinzhproekt JSC to participate in the construction of three sections of the Big Circle Metro Line with the Aminevskoe Shosse, Michurinsky Prospekt and Vernadsky Prospekt stations. CRCC is also building a section of the new Kommunarskaya metro line with the Ulitsa General Tyuleneva, Tyutchevskaya, Mamyri stations and a stretch to Kommunarka station.

In addition, a Chinese manufacturer of electrical equipment CHINT Electric, a company ZTE, which specializes in wired and wireless communications and manufactures telecommunications equipment and mobile phones, as well as car dealers Changan, Foton, Haval, operate in the capital.

Investments in medicine

Director of the City Investment Management Agency Artem Barashev said that foreign business is implementing projects in the healthcare sector – in the Moscow International Medical Cluster, located on the territory of the Skolkovo innovation center.

“The Israeli consultative and diagnostic center Hadassah Medical has already opened here, a therapeutic building and a rehabilitation building are at the design stage. A smart hospital of the future Bundan of Seoul National University (South Korea) and the French medicine center Universite de Strasbourg will also be located on the territory of the cluster, ”said Artem Barashev.

Representatives of the capital regularly meet with foreign business – they present the investment potential of Moscow, discuss the possibilities of localizing enterprises. Foreign business, like domestic, can count on on preferences from the capital… Comfortable conditions for investors allow attracting more and more foreign money to the capital’s economy.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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