The Russian business consulting website reported on October 12 that Russia’s first industrial production special economic zone specializing in shipbuilding will soon be available in Astrakhan. The Russian United Shipbuilding Corporation and Astrakhan State have signed a memorandum of cooperation on this. The Russian joint shipbuilding group said that the two sides signed joint action and cooperation documents. Its purpose is mainly to prepare for the establishment of a special economic zone for shipbuilding. The project is the first in Russia to date and is important to the United Shipbuilding Group. Astrakhan State gave full support to the project. The Astrakhan region expressed its gratitude to the United Shipbuilding Group for its support to the regional shipbuilding industry during the most difficult period of the economic crisis. The project will be a pilot project for the establishment of a special economic zone for shipbuilding industry production in Russia's largest seaport center. In the first phase of the project implementation, the United Shipbuilding Group will invest 120 million rubles. The scale of investment will increase further in the future. This is also an important step in establishing the first special economic zone for shipbuilding industry production in Russia in order to enhance the competitive conditions between Russian and foreign shipbuilding companies. After completing the necessary formalities, the joint application will be submitted to the Russian Ministry of Economic Development. According to the Russian Joint Shipbuilding Group, in 2013, the Industrial Production Special Economic Zone will be established at the “Lotus†Shipyard, based on the Shipbuilding and Repairing Plant named after the Third International and the Astrakhan Shipbuilding Consortium. In this way, shipbuilding companies can fulfill orders that have been signed and newly signed within the framework of a favorable tax and investment regime. In addition to shipbuilding companies, it is also possible to be a mechanical manufacturing company and an integrated service company. These companies can submit applications and obtain subcontractor status independent of United Shipbuilding Corporation, producing marine equipment, parts and materials, and Perform various tasks related to shipbuilding and marine technology equipment. United Shipbuilding Corporation is Russia's largest shipbuilding company. Established in 2007 in accordance with the orders of the President of Russia, its shares are 100% owned by the Federation. The holding company includes about 60 companies and institutions, major shipyards and ship repairers, and the Planning and Design Bureau. At present, the United Shipbuilding Group has concentrated about 80% of the Russian shipbuilding complex. Its business is mainly in the Russian market, and its products are exported to 20 countries around the world.
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