X5 Group has entered into a cooperation agreement with the Corporation for the Development of the Far East and the Arctic (FEDC) to develop the food market in the Far Eastern Federal District (FEFD). The parties to the agreement will determine the list of measures necessary for the trade network to enter the FEFD, including the needs for infrastructure (electricity, land for the distribution center) and logistics (railway and vehicle access roads).
Based on the results of a comprehensive analysis, X5 Group will evaluate the opportunities for developing a modern retail network in the Far Eastern Federal District. Investments in the creation of distribution centers and stores in the Far Eastern Federal District may reach up to 10 billion rubles.
