Investment project of the Iranian company "Rad Sane Atti Industrial Group" to be implemented in the Ulyanovsk region

Today the Governor Sergey Morozov discussed details of the investment project on production of equipment for compressed natural gas filling stations with Hussain Yagkhoubpur, the Chairman of Rad Sane Atti Industrial Group's Board of Directors.

The investor c onfirmed the intention to implement the new project. Preliminary agreements on it were reached during the visit of the Ulyanovsk delegation to Iran in December 2016.

“We continue cooperation with Asian countries. We expect that in the future more companies will come to our region not only from out traditional partners, Japan and China, but also from the new states - Iran and Thailand. It is a welcome fact that today Rad Sane Atti Industrial Group came to discuss the project together with the Thai partners who will take part in it. The decision of investors to localize the new projects in the Ulyanovsk region once again shows that they consider the region to be attractive and that it is comfortable to do business here”, – the Governor noted.

In addition, the parties discussed further implementation of the company's first project – production of composite gas cylinders, - which will be placed in the territory of the Special Economic Zone "Ulyanovsk". The agreement was signed on September 9, 2016. Investment will amount to about 1.4 billion rubles and more than 100 jobs will be created for inhabitants of the region.

“The project of our Iranian partners is now on the fast track. We provide them with all necessary support. Today they are ready to start construction. The legal entity has been registered, the funding has been set, and a contractor has been selected to carry out the work. The only thing left to do is to undergo formal procedures: to receive the status of the SEZ resident, to prepare a land plot and to pass the design review. Currently they are finalizing the business plan in order to submit an application for the resident status in March”, – said Sergey Vasin, the CEO of the Ulyanovsk Region Development Corporation.

As a reference:

Rad Sane Atti Industrial Group is a large holding company that is the main manufacturer of composite gas cylinders in Iran. It has developed expertise in construction of gas stations. A plant of the company is located in the Iranian city of Qom. The company has an enterprise in the Moscow region.

22.03.17