RUSNANO and OJSC Special Economic Zones Sign a Cooperation Agreement

23 May 2014

The Executive Chairman of RUSNANO Management Company Anatoly Chubais and the CEO of OSJC Special Economic Zones (OJSC SEZ) Vadim Tretyakov signed an agreement on cooperation between the companies at the St. Petersburg International Economic Forum. The partners will create a mechanism to facilitate the installation of RUSNANO high-tech projects at industrial sites in territories under the management of OJSC SEZ. They will also work together to attract Russian and foreign high-tech companies as residents of special economic zones.

One of the territories managed by OJSC SEZ, the Dubna Special Economic Zone near Moscow, has already won a reputation as a fast-developing innovation focus. More than 4 billion rubles have been invested in the last eight years for the installation and development of 96 resident companies at the Dubna Zone. These investments have created more than 1,200 high-tech jobs and total revenue of Dubna companies is in excess of 5 billion rubles. The special focus at Dubna is on nanotechnology and five production facilities, set up as RUSNANO investment projects, are now operational there.

OJSC SEZ currently administers five special economic zones focused on innovation. These zones currently host 221 companies with total investment commitments of 150 billion rubles, including 11 RUSNANO projects with total budget of 3.7 billion rubles, of which 1.7 billion rubles was provided by RUSNANO.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 138 factories and R&D Centers opened in 37 regions in Russia.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.

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ROSSEZ is a national network of special economic zones, developed by the management company OJSC Special Economic Zones (OJSC SEZ), which has the Russian government as its sole shareholder. The project is being implemented under the auspices of the Russian Ministry of Economic Development. Of the 28 zones under OJSC SEZ management, six are focused on industrial development, five on innovative technologies, 14 on the development of tourism and leisure business, and three have been set up as port, logistics and transportation hubs. OJSC SEZ was established in 2006 and has secured 379 investors from 28 countries for projects in Russia’s special economic zones, including such multinational giants as Ford, 3M, General Motors, Armstrong, Yokohama, Air Liquide, Bekaert, Rockwool, Novartis, Nokia Siemens Networks and others.