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June

MOSCOW INVESTMENT DIGEST. June 2024

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The Moscow Department of Investment and Industrial Policy and the Moscow Investment Agency present you the next digest of the main investment events in the Russian capital.

NEWS

SERGEY SOBYANIN SPEAKED ABOUT THE CAPITAL INDUSTRIAL PRODUCTS USED IN THE METRO

Capital enterprises supply new and recycle old equipment for the Moscow metro. Today there are over 4.2я00 industrial enterprises in the city, employing 725.000 specialists. Every day they produce products necessary for all spheres of life. One of these areas is transport. For the Moscow metro, capital companies are creating high-tech train control systems, boards for contactless bank card readers, integrated into all turnstiles, lighting devices and noise absorption systems. In addition, Moscow enterprises produce cables. From 2022 to 2023, only for the construction of BCL stations and tunnels, one of the manufacturers supplied about 1.200 km of cable.

THIS YEAR 1 MLN PEOPLE JOINED THE “OPEN#MOSPROM” PROJECT

Since the beginning of 2024, about a million people have joined the “Open #Mosprom” project. More than 450 excursions were conducted at enterprises in the food, aviation, pharmaceutical, cable and other industries. Those interested could get acquainted with the work of various factories - from the production of ice cream to the production of systems for controlling railway switches and barriers. The “Open #Mosprom” project unites more than 130 industrial enterprises in Moscow. Over five and a half years of work, 16 mln people became its participants.

SEZ "TECHNOPOLIS MOSCOW" TOP THE RATING OF SPECIAL ECONOMIC ZONES AND INDUSTRIAL PARKS IN RUSSIA

For the fourth year in a row, the special economic zone (SEZ) Technopolis Moscow has become the leader in the ranking of Russian industrial parks and special economic zones according to the Expert analytical center. The Technopolis Moscow SEZ has become the undisputed leader among 144 Russian sites - 40 special economic zones and 104 industrial parks. It received the highest ratings in terms of customer focus due to a wide range of services. Experts also noted the investment potential of the Moscow SEZ. In 2023 alone, its residents invested about RUB 50 bln in the city’s economy, which is 1.5 times more than in the previous year. And compared to 2020, when the Moscow SEZ topped this rating for the first time, the growth in investment volumes increased by 5.6 times.

MACROECONOMICS

THE VOLUME OF FOOD PRODUCTION IN THE CAPITAL INCREASED ALMOST 2.6 TIMES

The city actively supports Moscow industrialists, offering more than 20 anti-crisis tools. They help save your own money and modernize production. Today in Moscow, more than 290 enterprises produce food products that are sold not only to the country’s domestic market, but also for export. For example, to countries such as China, CIS states and the Persian Gulf. Last year, the geography of supplies expanded: capital companies entered the markets of Lebanon, Libya and Seychelles. In January–April 2024, food enterprises increased production volumes by almost 2.6 times compared to the same period last year. In particular, the output of dairy products increased by 18 percent, and bakery and flour confectionery products by more than 14 percent..

PRODUCTION OF MICROELECTRONICS IN THE CAPITAL INCREASED BY MORE THAN 25 PERCENT

Moscow ranks first among Russian regions in terms of revenue of microelectronics enterprises. In 2023, it exceeded RUB 70 bln - more than 40 percent of the total revenue of this industry in the country. Today, over 60 metropolitan companies are working in this direction, which are also steadily increasing production volumes. For example, in 2023 the growth was 25.2 percent. In the first quarter of 2024, this figure increased by 2.7 times compared to the same period last year. The city supports the development of high-tech industry on behalf of Sergei Sobyanin.

SUPPORT MEASURES

MOSCOW ENTREPRENEURS CAN RECEIVE SUBSIDS FOR THE CREATION OF TECHNOLOGY PARKS

In Moscow, the selection of recipients of subsidies for the creation and modernization of technology parks has begun. Financial support is provided for construction, reconstruction, major repairs, and compensation of interest on loans. Applications are accepted until August 30. You can submit documents on the i.moscow platform.

"MOSCOW TECHNICAL SCHOOL" OPENED THREE COURSES IN THE DIRECTION OF "COMMUNICATION TECHNOLOGY"

Support for Moscow's industrial sector today includes an extensive range of financial and non-financial instruments. In addition to investment loans, subsidies and targeted loans, the city helps develop the human resources potential of manufacturing companies in the capital. Priority is given to high-tech enterprises using artificial intelligence, robots, and modern telecommunications solutions. To develop the competencies of capital industrialists in the information technology industry, the Moscow Technical School offers training within the framework of the Communication Technologies direction. Recently, its list was replenished with three courses developed jointly with the National Research University MPEI. "Moscow Technical School" provides high-quality educational infrastructure. Nine general directions and four special ones are open for employees of enterprises. More than 160 courses are available to them.