• Gorny Vozdukh ASEZ in Sakhalin expanded

    11 October 2016

    The resolution was signed by Prime Minister Dmitry Medvedev.

    Two additional plots of land in South Sakhalin have been included in the Gorny Vozdukh advanced special economic zone (ASEZ). Expanding the ASEZ will allow a complex investment project with a proposed investment of RUB 4.2 billion to go ahead, creating new jobs. The proposal was put forward by the Ministry for the Development of the Russian Far East based on applications submitted by investors.

    The potential resident of these two plots at the Gorny Vozdukh ASEZ, Yuzhno-Sakhalinsk Air Terminal, plans to implement an investment project to construct a new air terminal complex at Yuzhno-Sakhalinsk Airport.

    Alexander Galushka believes that the project will help to increase the number of tourists visiting the region, expand the geographical area served by flights, and add additional flights.

    “Gorny Vozdukh is already a well-known resort in the Russian Far East. The advanced special economic zone will allow the resort to expand further and enable it to meet international standards. Entrepreneurs from South Korea and Japan may well therefore join Russian investors in this project to build an airport and hotel infrastructure”, the Minister highlighted.

    It is anticipated that completion of all of the projects announced by the ‘anchor residents’ of the Gorny Vozdukh ASEZ will push tourist numbers up to 1 million by 2025.