SPIEF 2022: Ulyanovsk Region Signs Investment Agreements Worth 3.5 Billion Rubles

This was announced by Governor Alexey Russkikh during the weekly meeting on 21 June.

The head of the region said, “Our work at the St. Petersburg International Economic Forum was productive. 3.5 billion rubles are invested in projects that are both in the planning and already implemented. Following the negotiations, promising developments are estimated at more than 18 billion rubles.”

Ulyanovsk region signed ten agreements during SPIEF 2022. Five of them seek to create new facilities while also preserving and expanding the existing ones. PAO "Unipro" is to study investment opportunities for construction of generating facilities based on renewable energy sources; in the future, a new wind farm can be created too. An agreement was reached with representatives of the Islamic Republic of Iran on implementation of investment, trade and business projects. Another investor intends to start making equipment for the oil and gas industry. About 500 million rubles will be invested in the project and more than 200 new jobs will be created for residents of the region.

“In addition, we have signed an agreement with Azimut Hotels, one of the leading hospitality companies in Russia. They will renovate one of the most iconic sites in Ulyanovsk. Investment is estimated at 750 million rubles. Making Venec more attractive is important not only for development of domestic tourism. This will also bring additional budget revenues - more than 20 million rubles annually,” added Alexey Russkikh.

A number of agreements aim to develop trade, economic, scientific, technical and cultural cooperation. There is an arrangement with the Samara region to perform joint activities with the Research and Educational Center "Engineering of the Future". It was also agreed with the Republics of Chuvashia and Mordovia to create landfills for development and testing of carbon balance control technologies. A memorandum on cooperation was signed with six regions of the Volga Federal District to establish the Eurasian Economic Center.

Agreements were also concluded with the Post Bank ("Pochta Bank") and the Russian Post to provide rural population of the Ulyanovsk region with a wide range of high-quality banking services and to repair post offices.

Negotiations were held with several large companies. As part of the meeting with the management of Gazprom Mezhregiongaz, acceleration of the Ulyanovsk region's gas infrastructure development was discussed. United Aircraft Corporation (UAC) was interested in training of personnel for its enterprise, while representatives of PJSC "KAMAZ" talked about future development of the DIP-Master industrial park.

The Governor also met with Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs.

“We discussed important tasks to organize industrial tours to the region for Russian investment teams, who we expect on 1 July. In addition, Ulyanovsk branch will be part of three committees of the Russian Union of Industrialists and Entrepreneurs - ones for mechanical engineering, automotive and agricultural engineering, and radio-electronic and power industry,” said Vladimir Razumkov, Chairman of the Government of Ulyanovsk Region.

Negotiations were held with Dang Minh Khoi (Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to the Russian Federation) and Vladimir Semashko (Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation).

During the forum, delegation of the region also focused on tourism development. Five members of the Volga Federal District took part in the interregional tourism project " The Great Volga River Route ". The agreement was signed by heads of the regions and Zarina Doguzova, Head of Federal Agency for Tourism (Rosturizm). The project is supported by the Government of the Russian Federation represented by Dmitry Chernyshenko, Curator of the tourism industry and the Volga Federal District. He and the Governor held a meeting where they discussed socio-economic development of the region.