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23 June, Friday

Ufa   °

In Bashkiria investment development strategy is approved until 2020

Business

Investment development strategy is adopted by the Government of the Republic of Bashkortostan. The document is published on the official website of legal information of the region.

The strategy aims to increase the investment attractiveness of Bashkortostan, to create conditions for the mobilization of domestic and foreign investment, to increase the flow of resources and new technologies in the regional economy, to expand the sources of investment for businesses and projects initiated by the republican bodies of state power and the development of infrastructure. According to the strategy given targets investment in fixed assets should reach 330.8 billion rubles in 2015, 550 billion rubles — in 2020. Foreign investment should amount to 423.5 million dollars in 2015, 557 million dollars in 2020.

Growth of the gross regional product should be in the range of 105-107 percent, the share of investments in the gross regional product is expected to increase to 27 percent, the share of agriculture in gross regional product — up to 10 percent.

The strategy is based on three main perspectives in the development of investment potential: investment in the construction of Ufa International Airport will create the preconditions for creating a major regional aviation hub in Ufa. Construction of a site of the international transport corridor "Europe — Western China" will stimulate the development of the logistics industry, and the creation of a river port in Agidel will activate logistics and development of ship repair industry.

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