"Alabuga" and "Innopolis" SEZs have become the property of Tatarstan

"Alabuga" and "Innopolis" SEZs have become the property of Tatarstan

JSC "Special Economic Zones" transferred 100% of shares of SEZs "Innopololis" and "Alabuga" to the Republic of Tatarstan.

About 32 million of shares of SEZ with a nominal value of about 32 billion rubles were distributed for free to Tatarstan from the federal JSC "Special Economic Zones".

Earlier, shares of shareholders in the SEZ of the Republic of Tatarstan were distributed as follows: the "SEZ" company's share in JSC "ZES Alabuga" was 66%, the share of the Republic of Tatarstan - 34%; in "SEZ "Innopolis" the share of JSC "SEZ" amounted to 97,72% while the share of the Republic of Tatarstan accounted for 2, 28%.

The transfer of shares from the federal JSC is held within the reformation of the institute of SEZ, aiming at concentrating the management of such zones in the hands of regional entities.

It should be mentioned that in 2016 the President of the Russian Federation Vladimir Putin instructed the Government of Russia to elaborate a common strategy for SEZ's work, and to optimize the budget investments and mechanism of transferring these zones to the regions.

According to the results of the First national rating of the investment attractiveness of special economic zones of Russia, produced in 2017 by Association of clusters and technology parks with the support of the Ministry of Economic Development of the Russian Federation, SEZ "Alabuga" was rated the second, and SEZ "Innopolis" ended the fifth.

Both SEZs hit the top five among special economic zones with high investment attractiveness in the country, the level of their investment attractiveness is 10% above the average.

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