The Moscow Convention Bureau of the city of Moscow has announced the launch of a new program, aimed at supporting foreign-based companies, participating in the Moscow industrial exhibitions, that are also interested in entering the Russian market and considering establishing their production facilities in the Russian capital. The expected goal of the program is to attract investors to help develop industrial areas within the capital.
Andrei Zhukovsky, the Chairman of the Executive Committee of the Moscow Congress Bureau, said about the new project: "All the major trade fairs in Moscow are attended by foreign exhibitors. It is obvious that most of them come in order to sell their goods. However, some of them might be considering the opportunity of how to organize the production of their goods here, in Russia, i.e. to localize it. Our common task is to find them and help them do it. The management of the Department of science, business and industrial policy of the city of Moscow is ready to do its utmost to remove administrative constraints and help solve their business challenges. I would like to stress that this is a mutually beneficial arrangement - the investor gets access to the market, develops a successful strategy, while the city gets to expand its industrial base, create new jobs, benefit from tax revenues and economic diversification.
In cooperation with organizers of fairs and exhibitions in the capital, the Bureau has developed a structure for providing information and receiving feedback, which helps to establish a dialogue with foreign high-tech companies, having the capacity to run and manage production and development centers in Moscow. The effectiveness of such a channel of communication with potential investors has been confirmed: every year, in Russia, there are more than 2,200 exhibitions, about 80% of which take place in Moscow. The capital's trade fairs gather about 20,000 to 25,000 foreign exhibitors each year, while providing an opportunity to establish contact with a significant number of companies, interested in conducting their businesses in the Russian market.
Moscow is prepared to offer investors, ready to invest in the Russian industrial market such support measures as direct access links to the Government, a wide range of tax concessions and financial benefits, assistance in providing innovative production sites, located on the prime real estate of Moscow. In addition, the city authorities guarantee low rents for selected industrial areas and a large choice of infrastructural capacities, as well as various kinds of advice, including investment, pooling of human resources as well as access to government procurement contracts.
One of the first trade exhibitions market principals, that have joined the project of attracting industrial investments to Moscow, is the largest German trade fair organizer, Messe Frankfurt, currently working on agreements with a number of other participants in the trade fair-exhibition market.