JAPAN PLANS TO ORGANIZE PRODUCTION OF ECONOMY CLASS HOUSING IN THE FAR EAST
18 May 2016
Khabarovsk Region Governor Vyacheslav Shport has stated that, within the scope of the advanced special economic zone in Amursk, a new Japanese residential construction project might be launched, according to TASS.
According to the Region Head, Iida Group Holdings is interested in producing logs and building economy class housing: “A good residential construction project was discussed with the Iida Group. This involves production of logs according to a Japanese technology and construction of economy class housing. Moreover, we plan to locate the project on the advanced special economic zone in Amursk, Khabarovsk Region,” the Governor stressed.
This project has the potential to occupy more than just the Far East market. “We are planning to move on to the CIS and neighbouring Chinese markets. There is a demand for modern housing,” Vyacheslav Shport stated.
Let us recall that, in January, one of the leading Japanese business newspapers Nikkei wrote about the plans of Iida Group Holdings to build a plant in Russia to produce construction materials. Investment in the initial stage is estimated at JPY 10 billion (about USD 85 million).