The investment in a joint project with Chinese businessmen to build an industrial complex in Kabardino-Balkaria will exceed $ 12 billion, according to the press office of the region’s Head.
According to the report of TASS in the Ministry of Industry and Trade, a provisional agreement was reached during the visit of the republic by representatives of the companies.
Company testing ‘artificial intelligence’ elevators to set up production in Kabardino-Balkaria. Spain’s Ascensores AguirreZabal S.L. is planning to launch elevator assembly production in Kabardino-Balkaria next year, the company said in a press release. The company has already selected a site for the future plant and is currently coordinating the principles for working with contractors and ordering equipment. The first stage of the project is to be completed next year, while another two stages are to be finished in late 2017.
The government of the Kabardino-Balkar Republic and the Etana pure polymer plant signed a General Agreement on Cooperation with two subsidiaries of the China National Petroleum Corporation (CNPC) in establishment of a production complex in the Kabardino-Balkar Republic.
Etana Clean Polymers Factory and two Chinese state corporations signed a contract at the House of Government of the Kabardino-Balkar Republic on Saturday, Interfax reports.