In the first half of the year, residents of the Technopolis Moscow SEZ invested 3.2 billion rubles in the development of innovative industries

The volume of investments in the development of production facilities of Technopolis tenants in the first half of 2020 amounted to 3.2 billion Rubles, which is 23% more than in the second half of last year, informed Vladimir Efimov, Deputy Mayor of Moscow for economic policy and property and land relations.

“Since 2006, the tenants of the Technopolis Moscow SEZ have invested almost 32 billion Rubles in the development of their production. During this time, more than 70 companies have already received the status of a Technopolis resident companies, creating almost 6.5 thousand new jobs for highly qualified specialists in innovative industries at five sites of the special economic zone in Moscow”, said the Vice-Mayor.

He also noted that in Moscow, the growth rate of investments in fixed assets at the end of last year amounted to about 9 percent, and in the special economic zone - about 40 percent.

Thanks to the favorable conditions created for tenants in the special economic zone, the revenue of these enterprises is systematically growing. So, in the first half of 2020 it amounted to 10 billion Rubles, which is one third more than in the same period last year.

Benefits for SEZ residents give them the opportunity to save up to 47% in the amount of mandatory payments, informed Alexander Prokhorov, Head of the Department of investment and industrial policy of Moscow. “In the first six months of 2020, the savings of Technopolis residents amounted to almost 170 million Rubles. These funds allowed them to retain the staff during the pandemic, and were also aimed at developing production and improving the material and technical base”, pointed out the Head of the Department.