Primorye sees $1.7 billion in total investment

Primorye Territory Development Corporation CEO Andrey Folomeev has reported total investment in the Primorye special gaming zone amounts to RUB113 billion (US$1.7 billion).

Folomeev’s comments were reported by Russian state-owned news agency TASS over the weekend.

“Now the total amount of signed investment agreements with four investors makes 113 billion rubles. Negotiations are under way with another investor over [possible investments] amounting to 500 million dollars,” Folomeev said.

It is speculated that Folomeev might be referring to Haina Yongli, who became the fifth resident of the Primorye integrated entertainment resort zone last December.

Meanwhile, tax revenues from gambling in Primorsky Territory amounted to RUB 65.8 million in the first half of 2016.