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Chinese Country Garden Group ready to invest 3.5 billion rubles in agriculture at Russian Far East

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Chinese Country Garden Group ready to invest 3.5 billion rubles in agriculture at Russian Far East

Chinese Country Garden Group ready to invest 3.5 billion rubles in agriculture at Russian Far East in project to create a large agricultural enterprise in the Jewish Autonomous Region. The implementation of the project was discussed at a working meeting of Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District, Yury Trutnev, with the president of Country Garden, the vice president of Country Garden Group, May Yunghun.

Chinese Country Garden Group ready to invest 3.5 billion rubles in agriculture at Russian Far East

The company announced its readiness to implement the project in September this year during a meeting with the leadership of the region. And now the project was presented to the Acting Governor of the Jewish Autonomous Region Rostislav Goldstein. The project is ready to be supported by the Far East Agency for attracting investments and export support. At the end of November this year, in the city of Foshan (PRC), the Director General of ANO IPA Leonid Petukhov and Mei Yunhong signed a corresponding cooperation agreement. Binding project agreements are expected to be signed in March 2020.
“The arrival of large investors in agriculture will help to ensure compliance with the most stringent environmental requirements, and will help attract modern technologies to the Far East. A project for growing and processing soybeans for growing and deep processing soybeans and other crops will require up to 500 thousand hectares. According to preliminary estimates, thanks to the project, Russian exports of soybeans from the Far East to China can be doubled, ”explained Leonid Petukhov.

Chinese Country Garden Group ready to invest 3.5 billion rubles in agriculture at Russian Far East

He noted that a joint company will be created to implement the project, the owners of which will be the Country Garden Group corporation, Russian companies, and a Chinese export partner. This company will be obliged to guarantee the rational and thrifty use of the leased land in compliance with all norms, requirements and regulations established by the legislation of the Russian Federation in order to preserve the fertility of the land and prevent harm to the environment. The launch of the project will contribute to the application of world best practices and the development of new technologies, as well as the opening of related enterprises for the collection of agricultural equipment, in particular, robotics, as the Country Garden Group plans to use unmanned technologies for agriculture.
It should be noted that the Country Garden Group Corporation is included in the rating of the 500 largest companies in the world, specializing in the development of agriculture, the development of residential complexes, the construction of green spaces and the development of “green zones” and “smart zones”.

The company has implemented more than a thousand projects to modernize cities around the world. The company headquarters is located in Foshan City, Guangdong Province. In 2016, Country Garden Group’s residential property sales exceeded $ 43 billion, amounting to about 37.5 million square meters, which allowed it to enter the top three largest real estate companies in the world. In agriculture, the Country Garden Group uses advanced technology to optimize the food supply chain to domestic and foreign markets. In 2018, the company’s revenue amounted to 53.4 billion US dollars and now Chinese Country Garden Group ready to invest 3.5 billion rubles in agriculture at Russian Far East.

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