Turkish investors get interested in the agrarian projects of Krasnodar region

Today, within the framework of a business meeting, the representatives from the regional Ministry of Economy and Barakat Group Ltd. (Istanbul, Turkey) discussed the development prospects of the project aimed at establishing a greenhouse complex across the territory of Kuban.  

Particularly, the projects on construction of greenhouse facilities in Slavyansk, Abinsk, Krasnoarmejsk, Krymsk, Tikhoretsk, Mostovskyi and other districts of the region were offered to Turkish investors. All projects were prepared in compliance with the international standards and created, as it were, on a turnkey basis.    

The company representatives emphasized a high level of preparation of the investment proposals of the region as well as the favorable business environment provided in Kuban.

Further, the representatives from the Ministry of Economy of the region told the foreign investors about the public support measures provided for the companies in case of implementing the investment projects across the territory of our region. The public system for investment project administration, starting from the date of submitting a declaration of intention to construct a facility and ending with the commissioning of the facility, operates in Krasnodar region. As the basic forms of public investor support, the regional legislation provides for tax benefits with regard to payments into regional budget, granting of the region’s public guarantees on investment projects and a whole array of other benefits and preferences.

For your reference: Barakat Group Ltd. was founded in 1972. Presently, the company runs its production and commercial business in Turkey, Afghanistan and CIS countries. The company provides services in agricultural, machine-building, oil refining, electric power, construction and other sectors. Specifically, it deals with the construction of greenhouse complexes, fruit & vegetable growing, the related warehousing, processing and packaging.

Source - Investment portal of Krasnodar region