Vladimir Putin has said that the government planned to create a “Titanium Valley” special economic zone in the Urals Federal District, which will cost up to $1.3 billion and will produce items for the aircraft, automotive, shipbuilding and medical industries.
“We’ll issue a governmental decree in the coming two weeks on creating a special economic zone here with special benefits, including customs privileges,” Putin said during his visit to the Sverdlovsk region.
The economic zone will make “a new technological base” for thetitanium producer and let it to attract new clients.
It will create a total of 20,000 jobs, and documents will be provided by the Sverdlovsk region government ahead of Putin’s visit.
