Moscow SEZ companies presented their products in Saudi Arabia

The innovative products of the enterprises of the Technopolis Moscow special economic zone attracted the increased attention of the guests and participants of the International Industrial Exhibition Innoprom. Saudi Arabia", which takes place in Riyadh from February 8-10. This was announced by Maxim Liksutov, Deputy Mayor of Moscow for Transport and Industry.

"On behalf of Sergei Sobyanin, the city is actively helping the capital's enterprises enter new foreign markets. At the International Industrial Exhibition Innoprom. Saudi Arabia" six high-tech companies from the Technopolis Moscow SEZ presented their products at the Moscow Government stand. Among them are manufacturers of radio electronics, medicines, educational and interactive equipment, as well as developers of technologies for water purification," said Maxim Liksutov.

For example, the manufacturer of medical devices, the Elta Company, showed portable glucose meters and consumables that are in demand in the markets of the Middle East. The Research Institute of Molecular Electronics, the parent company of the priority technology area "Electronic Technologies" of the Russian Federation, demonstrated microelectronic production technologies, new materials, solutions for the growing market of electronic documents in Saudi Arabia, as well as advanced training programs for specialists in the field of micro- and nano-electronics in English.

The innovative pharmaceutical product "Clotilia" for the treatment of children and adults with Hunter's syndrome was presented by the pharmaceutical manufacturer Generium-Next. Many visitors to the Moscow stand are also attracted by the equipment for the field of water treatment and wastewater treatment of the VDK enterprise (part of the POLYPLASTIC Group). Nex-T company spoke about interactive solutions for the digital transformation of education, healthcare, industry, the public sector, urban infrastructure and other key areas of the economy, and a resident of the capital's SEZ "Scientific Entertainment" showed the possibilities of unique digital laboratories for teaching children and adolescents.

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The Technopolis Moscow Special Economic Zone is a territory with a special legal status, which has a preferential operating regime for investors who want to localize their production in Moscow.

Companies that have received resident status enjoy large-scale tax preferences: for 10 years, enterprises are exempt from paying taxes on property, land and transport, and the income tax rate is 2 percent instead of 25. Residents are also exempt from paying customs duties and VAT when importing goods and equipment under the procedure of a free customs zone. The company uses the saved funds to increase production volumes, as well as to develop new high-tech products.