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Yalta International Economic Forum Information portal

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20 April '17

Agreement signed at YIEF to build RUB 18 billion stock breeding complex in Crimea

The Government of the Republic of Crimea has signed an investment agreement with LLC KrymStroyInvest to implement the project “Construction of a facility with a capacity of 30,000 breeding sows and 4,800 milking cows with a mixed fodder factory and facilities to process meat and milk” with investment requirement of RUB 18 billion. The agreement was signed on the sidelines of the III Yalta International Economic Forum on 20 April by Head of the Republic of Crimea Sergey Aksyonov and CEO of KrymStroyInvest Olga Alexandrova.

Following the signing of the agreement, Head of the Republic of Crimea noted that YIEF was expected to produce a positive impact. “We will close the books at the end of the year, and there is still one week for us to sign investment agreements. Tomorrow, on 21 April, it is planned to sign approximately 20 agreements,” Sergey Aksyonov said.

The large stock breeding complex will be located in four Crimean districts: Leninsky, Kirovsky, Saksky, and in Feodosia. The new company will provide the peninsula with 3,037 new jobs with an average monthly wage of RUB 20,000. Construction will begin in the third quarter of 2017 and will be completed in 2020–2021.

“The property complex is expected to cost approximately RUB 15 billion. We expect to produce some 100,000 tons of meat and 150,000 tons of milk every year,” said CEO of KrymStroyInvest Olga Alexandrova.

 

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