Andrey Folomeev

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    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 […]

    Primorye picks up development pace

    The Russian gambling zone of Primorye, which has not been developing as fast as anticipated, is stepping up its efforts to attract more investors as part of an ambitious plan to almost treble visitor numbers by 2025. The company developing the zone is seeking expressions of interest to auction three plots of vacant land and has held talks with groups from Russia, Europe and China.