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Japanese companies invest more than 7 billion rubles in the development of the Far Eastern Federal District - EastRussia | Far East

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Japanese companies invest more than 7 billion rubles in the development of the Far Eastern Federal District

Japanese companies invest more than 7 billion rubles in the development of the Far Eastern Federal District
Photo: EasternEconomicForum

Japanese companies are ready to invest more than seven billion rubles in FEFD enterprises. The relevant agreements were signed by businessmen and the Russian agency of the Far East on attracting investments and supporting exports. Among the future partners are some of the largest Japanese corporations, banks, producers of electricity and agricultural products.

According to the press service of ANO IPA, 8 of the 13 agreements were signed with Hokkaido Corporation Co., Ltd. The investor will continue to build a large greenhouse farm in Yakutia, erect a complex for the processing of household and industrial waste, and take part in the project of reconstruction of the air terminal and renovation of the hotel in severe cold.

In the Primorsky Territory, the company will be engaged in processing vegetables, and in Sakhalin it will build a fish-breeding farm for salmon. In the Amur Region, it will launch a project to process corn, soy, rice, and wheat.

The largest investment is expected in the Far Eastern Federal District from Japan’s largest biofuel-based electricity producer, IREX. He plans to finance the modernization of several woodworking industries in the Russian region for the implementation of an investment project for the production of fuel pellets.