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Investors from China want to build a large agricultural enterprise in the EAO
The Chinese investor Country Garden Group wants to build an agricultural enterprise on the territory of Jewish Autonomy. Investments in the project will amount to 3,5 billion rubles. It is expected that the Chinese company and the Russian side will sign the binding agreement in March 2020 of the year.
According to the press service of the Ministry for the Development of the Russian Far East, the implementation of the project was discussed during a working meeting between Russian Deputy Prime Minister Yury Trutnev and Vice President of the Chinese corporation. The company plans to grow and process soybeans. To do this, you need to rent 500 thousand hectares of land.
To implement the project, a joint company will be created, owned by Country Garden Group Corporation, Russian companies and a Chinese export partner. The launch of the complex will facilitate the opening of related enterprises for the collection of agricultural equipment, in particular robotics. The Chinese investor intends to use unmanned technology in the production.