MOSCOW TIME: 24.04.2024 07:27:51
Daewoo International Corporation plans to construct a branch car-making factory in Primorye
Daewoo plans to manufacture cars in Primorye
Daewoo International Corporation plans to construct a branch car-making factory in Primorye. This was announced by Vitaly Verkeyenko, the CEO of Sumatory holding company.
Daewoo International Corporation is currently holding negotiations with Sumatory. The parties are studying possible benefits and preferences in relation to customs duties. According to the Vice Governor, Sergey Nakhayev, local authorities support the project.
Vladivostok free port was commissioned in the middle of October. The project is expected to obtain a special customs and tax treatment in twelve municipal districts of the Primorye Territory. In particular, new projects relating to infrastructure will benefit from significant tax incentives.
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