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‘Belt & Road’ brings more business to Siberia

Editor: Tong Xinxin 丨CCTV.com

11-25-2015 15:43 BJT

By Christina Kitova, associate partner at Hodges Media Communications, based in Oklahoma City, OK, U.S.A.

Siberia’s rapid development is evident. The landmass covers three-quarters of Russia. Its local population stands at 38 million.

Additionally, Moscow has made a long term financial commitment to develop the Far East and Siberian regions. A fund was founded to boost regional economic stimulus.

The newly-developing partnership between Russia and China has strengthened business relations as well. The two sides enjoy increasing competitive advantages as part of Beijing's 'One Belt, One Road' initiative, along with the creation of a modern trade route, the Silk Road Economic Belt and a 21st Century Maritime Silk Road.

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The initiative would consist of a network of highways, railways and other critical infrastructure linking China to Central and South Asia, the Middle East and Europe.

There are added tax incentives to attract investors. In the initial development, multiple year tax waivers can be given, including property and business profit taxes.

The Atlant airships with futuristic features could rise above the skies over Siberia and the Far East as part of a travel revolution throughout the region.

The latest Trans Siberian 1239 km railway opening will be built on permafrost, and expected to lure tourists from all over the world with magnificent scenic views.

Japanese investors already foresee major opportunities here. Currently, investing $450 million for a major resort and golf course at the Far East Russky Island in Vladivastok. The resort proposed could attract throngs of Asian tourists.

The next big plan is Las Vegas-style gambling and entertainment facilities in Primorye, over 16 hotels are under construction with visa free stays for up to eight days with tax breaks.

Perhaps offering visa-free travel between Russia and China would ease business travel and tourism. The number of Chinese tourists visiting Russia in the past two years has doubled, exceeding 1.1 million last year. Siberia was the primary region of interest.

The development of commercial real estate is expanding, including the first skyscraper project in Khabarovsk. Tax waivers offer attractive investment options.

The Diamond Exchange creation in Siberia and new gold rush offers investment opportunities in the precious metals industry.

There will be a new modern version of Baikonur spaceport to be built in the region.  The spaceport will have its own town with an approximate population of 30,000.

Soyuz Rockets will be launched to carry scientific and military payloads into space. The spaceport will be equipped with an airport and a training center for cosmonauts and space tourists. The service tower would allow science satellites to be processed.

Siberian scientists have been one of the leaders in the fight against Ebola at the Vector Research Center for testing vaccines. They created an ancient DNA lab with state of the art cloning capabilities of ancient DNA from frozen carcasses.

The Siberian nanotubes can significantly reduce greenhouse gasses. The use of single-walled carbon nanotubes lowers consumption of materials in production and reduces emissions.

The portfolio company Rosnano created the world's first industrial production technology of single-walled carbon nanotubes.
The unique technology of synthesis of single-walled carbon nanotubes, which can be used as an additive for most materials, was developed in Siberia.

The new $58 million smart school is the first to open in the region.  Accordingly, investors see many opportunities in the aerospace and tech, commercial real estate, nanotechnology, and precious metals industries here in Siberia.

 

( The opinions expressed here do not necessarily reflect the opinions of Panview or CCTV.com. )

 

 

Panview offers a new window of understanding the world as well as China through the views, opinions, and analysis of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.

Panview offers an alternative angle on China and the rest of the world through the analyses and opinions of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.


 

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