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Governor Sergei Nosov: Investors receive the best conditions for work in our region
March 14, 2025

Governor Sergei Nosov: Investors receive the best conditions for work in our region

Unique opportunities for investors are emerging in the Magadan Region thanks to a combination of preferences for priority development areas (PDAs) and special economic zones (SEZs). This was stated by Governor Sergei Nosov, commenting on the decision to create a priority development area in Kolyma.

“Investors receive the best conditions for working in our region,” the head of the region noted.

The decision to create a priority development area in the Magadan Region was announced at a Cabinet meeting by Russian Prime Minister Mikhail Mishustin. He noted that the region has had a SEZ for 25 years and the total volume of capital investment during this time has amounted to more than 200 billion rubles. Also, about 12 thousand jobs were created. At the same time, modern conditions require updating state support measures for investors.

"Priority development areas are one of the most popular instruments and regimes. Investors receive benefits and preferences, including tax and customs. They are also provided with land plots and the corresponding infrastructure in a simplified manner," explained the head of the Russian Government.

According to him, the creation of the priority development area will help to create more favorable conditions for business in the Magadan Region. At the same time, the possibility of using the free customs zone procedure will remain.

"I think this is great news for the enterprises of the Magadan Region. We visited this region in August and saw a very large number of companies, enterprises, businessmen who want to continue working here and improve their region," said Mikhail Mishustin.

The head of government recalled that in the Far East, on the instructions of the head of state, a large-scale set of measures aimed at developing the economy, the social sphere and stimulating business are being implemented, which are proving their effectiveness.

Source: online magazine "People of Kolyma".

 

Photo: Denis Molchanov.