The Eastern Economic Forum in Vladivostok is over. The fifth EEF resulted in a grandiose figure – $ 50 billion of investments in the economy of the Russian Far East. The forum participants were 8.5 thousand people from 65 countries. 1.3 thousand journalists from around the world covered this event.
As part of the EEF-2019 business program, more than 90 business events were held, six country business dialogues, 270 agreements were signed, 1800 projects were launched. The most massive delegations were from Japan – 588 people, China – 395 people, the Republic of Korea – 285 people, India – 204. Large delegations this year arrived from Mongolia – 69 people, the USA – 63, Singapore – 58, Vietnam, Great Britain, Malaysia , DPRK. The working sessions were attended by 440 companies.
The discussions went on in four blocks: “New solutions for accelerating economic growth”, “Creating conditions for business”, “Far East and Asia-Pacific region: developing opportunities for cooperation”, “New solutions for improving the quality of life”.
International business dialogues were attended by European countries, China, ASEAN countries, the Republic of India, the Republic of Korea and Japan. Within the framework of the forum, a session of the Valdai International Discussion Club and a meeting of the Presidium of the State Council of the Russian Federation on the national development program for the Far East for the period up to 2025 with a prospect up to 2035 were held.
The key event of the Forum was a plenary meeting with the leaders of five countries: President of the Russian Federation Vladimir Putin, Japanese Prime Minister Shinzo Abe, Indian Prime Minister Narendra Modi, Malaysian Prime Minister Mahathir Mohamad and Mongolian President Khaltmaagiin Battulgi.
In his opening speech, Vladimir Putin spoke about the successes of the socio-economic development of the Far East and the interest of investors in the macro-region. According to him, over four years, investors have invested 612 billion rubles in the economy of the Far East, put into operation 242 new industries, and created more than 39 thousand jobs.
According to the President of the Russian Federation, the situation with demographics in the Far East requires effective measures, so in his speech he announced the launch of a mortgage program at 2% for a period of five years. The preferential mortgage will be valid only in the regions of the Far East. Lending at 2% will extend to the primary housing market, as well as to private housing for those citizens who have taken the Far Eastern hectare. The sources of financing will be the Far East Development Fund and the funds of the Far East Development Program.
The agreement with the largest investment volume – 740 billion rubles – was concluded between the Hong Kong company Sherwood Energy Limited (Sherwood Energy) and the Far East Investment Promotion and Export Support Agency (ANO IPA). The company plans to implement a comprehensive project in the Far East for the exploration, development, transportation and deep processing of natural gas. The resource base should be the deposits of Western Yakutia.
ANO IPA and Arctic Ocean Holding Group LLC (a subsidiary of Hong Kong holding SUN) have entered into an agreement on cooperation within the framework of a project to create an Asian Village tourism cluster in the Kamchatka Territory in the Kamchatka TOP. The volume of investments in the project will amount to 57.2 billion rubles.
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