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St. Petersburg is ready for an active dialogue at MIPIM

(Virtual Press Office) - St. Petersburg is going to present 13 strategic investment projects to the international investment community at the European largest international real estate investment exhibition MIPIM 2012 in Cannes. The list includes both strategic investment projects which are under active implementation (for the demonstration of the dynamics and current status) and some new projects in land areas development which are attractive for new foreign investments:

- development of the ‘Pulkovo’ airport
- development of Vasilievsky Island west side territories
- design and construction of a multifunctional complex ‘Baltic Pearl’
- construction of a multifunctional and business complex on the island of New Holland
- reconstruction and transformation of the station area of ‘Moskovskaya Tovarnaya’
- ‘European Embankment’ project
- reconstruction of the ‘Apraksin Dvor’ area
- construction of administrative and business complex ‘Nevskaya Ratusha’
- construction of production technological complex of the North-Western Regional Center of OJSC ‘Air Defense Concern’ Almaz-Antei’ in St. Petersburg
- building a satellite town ‘Southern’ in Pushkin near St. Petersburg
- hotel infrastructure development in St. Petersburg
- construction of the second stage of the Mariinsky Theatre
- football stadium construction

The St. Petersburg city stand will also introduce some development projects of the greatest impact on the development of the city which are aimed at creating a supportive and comfortable business environment. Special attention will be paid to the presentation of an information system to support investors Investor Guideline launched in St. Petersburg,.

Discussion of the investment market professionals on the most urgent issues in the development of urban space and improving the business environment in St. Petersburg will be held on the conference area of the stand of St. Petersburg.

As such, the business program will include the discussion on the reduction of administrative barriers: ‘100 Steps Forward: Regional Aspects’. The reason for holding this discussion was St. Petersburg contribution to the doing business research conducted by the Bank and the recent speech by Prime Minister of the Russian Federation at the Investment Forum ‘Russia – 2012’. In his speech, Vladimir Putin claimed that Russia is to enter the twenty countries with the best business conditions in the upcoming years and raise in the ranking of the investment climate right for a hundred positions: from 120th to the 20th.

The overall attractiveness of Russia is based primarily on the possibilities of doing business in the regions. The way regional investment climate is developing largely determines the investment attractiveness of the country as a whole. Many foreign regions possess experience in achieving a high level of transparency and creating a favorable business environment. The Committee on Investments and Strategic Projects decided to bring the following issues to discussion with the international investment community in order to find the most appropriate and effective ways to reduce administrative barriers by studying the best practices in improving the negotiation procedures and expectations of international business (obtaining a building permit, electricity supply connection, registration of ownership). The introduction of such practices would improve its position in the ranking of ‘Doing Business’ rankings both in terms of a separate subordinate entity, and Russia as a whole.

One of the priority topics of the St. Petersburg business program at MIPIM-2012 will be the development of commercial real estate in St. Petersburg. Marketing professionals will appreciate the discussion on the prospects of new retail networks enter the city, will discuss some new requirements to the infrastructure of commercial premises and prospects of launching the reconcept of obsolete projects. Russian and international experts will analyze commercial properties from the perspective of investors and offer a forecast of the capitalization rate. In addition, panelists will be asked to identify key factors that made the largest investment transactions take place in the commercial real estate in St. Petersburg.

The conference area of the St. Petersburg stand will also welcome a discussion on the issues of attracting investments in the creative cluster of the city. The panel session will be attended by both Russian and foreign professionals in the field of creative economies and cluster development with extensive experience in attracting investments in the city. As part of the discussion ‘Investment in Creative Cluster of St. Petersburg’ MIPIM participants will discuss the impact of creative industries on the development of the city, both in terms of infrastructure and business environment and the impact on the architectural and cultural development of the city.

One of the program topics is devoted to the Program of the Development of the Historic Center of St. Petersburg which is currently being developed. To discuss the constraints and opportunities that this program can bring the business MIPIM participants with experience of historic centers of major tourist and business centers in the world will be invited. The discussion will concern the motivation issues of business participation in the program, which requires tо preserve the historic center at most. The document will take into account not only measures to develop the infrastructure of the city center including the drawing of budgetary funds, but also measures to develop and improve business-implemented facilities.

For more information please contact: Zarina Gubaeva, press-secretary,
tel: 576-60-67
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