Korean investors set to build fish processing plant and logistics hub in Primorsky Territory
A consortium of companies from S.Korea is going to build a fish processing plant and a logistics hub in the Primorsky Territory, says the press center of the Primorsky Territory. That was announced during the negotiations of Yury Trutnev, Presidential Plenipotentiary Envoy to the Far Eastern Federal District with Korean partners held on 28 June 2017. Vladimir Miklushevsky, Governor of the Primorsky Territory also took part in negotiations.
A consortium including Korea Trading & Industries, Korean Seafoods, Busan Port Authority, Unico Logistics that are developing business in Russia on the basis of the port of Busan are going to invest more than $130 million. They consider Far East as a promising region with a high potential in fish processing and logistics.
According to Vice President of Busan Port Authority, reach resources of the region combined with cutting-edge technologies of S. Korea will bring wonderful results. He emphasized that the key target of the project is to turn the Far East into a logistics hub of the Asia-Pacific Region.
For that purpose, Korean investors are going to build a logistics hub for fish and meat products, a fish port and a container terminal, and then to build a plant processing fish fillets and crab meat. The project will let generate some 4,400 jobs.
The complex located on Nazimova Peninsula in Vladivostok is to be put in operation in 2021.
Yury Trutnev gave instructions to Leonid Petukhov, Director General of the Far East Investment and Export Agency, to ensure support of investors and also asked Korean partners involve Russian workers.
According to Vladimir Miklushevsky, the project will contribute to the development of the Primorsky Territory and to expansion of investment cooperation between the region and S. Korea.