The volume of investment in Crimea increased tenfold – CEO of the Development Corporation
The total volume of investment in investment projects from January to October 2021 increased tenfold, compared to the previous year. Dmitriy Vorona announced about that, the CEO of the Crimea Development Corporation.
"In 10 months of 2021, we were able to increase the number of attracted investment in the economy by almost 10 times compared to 2020, therefore we can safely say that there is progress. We already understand that today we are overcoming the threshold of RUB 80 billion for attracted investment. This is according to those investment agreements under which investors have already assumed specific obligations to invest in the economy of the republic. This figure is comparable to the revenue side of the annual budget of the Crimea," Dmitriy Vorona said on the "Krym 24" TV channel.
JSC "Crimea Development Corporation" was established on the initiative of the Council of Ministers of the Republic of Crimea in 2015. The corporation is defined as a specialized organization for attracting investment and working with investors on the principle of "one-spot shop" concept. The corporation is engaged in the search for investors and promotion of the investment potential of the republic, comprehensive support of investors, selection of investment sites, provision of consulting services.
As of October 18th, 2021, the Corporation provides support for 219 investment projects. The planned total investment volume is RUB 193.5 billion.