FEDC presented development prospects for the petrochemical industry at SIBUR's Partner Day in Vladivostok

As part of the "Far Eastern Federal District Partner Day" business program in Vladivostok, Anastasia Nabatchikova, Deputy Director of the Investment Promotion Department at the Far East and Arctic Development Corporation (FEDC), presented key government support tools for businesses in the Far East and Arctic. The speaker highlighted the attractiveness of the preferential regimes in place in the region, as well as the potential of the petrochemical industry as a promising investment area.

"There are six preferential regimes in operation in the Far East and the Arctic. These include 18 advanced development territories (ASEZs), 22 municipalities with free ports (FPV), the Arctic Zone of the Russian Federation (AZRF), the Kuril Islands of the Russian Federation (KIRF), the Special Administrative Region (SAR) on Russky Island, and the International Advanced Development Territory (IADT). Depending on the chosen regime, businesses are provided with tax incentives, land plots, necessary business infrastructure, and free customs zone procedures. Furthermore, each resident receives HR, marketing, and information support, as well as comprehensive one-stop-shop assistance from the Far East Development Committee," explained Anastasia Nabatchikova.

One promising investment area, according to the speaker, is the petrochemical industry. The Far East and the Arctic account for 81% of the country's total gas reserves.

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