Italian investors interested in creating agro industrial park in Crimea

It primary concerns construction of greenhouses and development of wine growing, livestock breeding and processing agricultural goods
Italian investors interested in creating agro industrial park in Crimea
05 April 09:09 2016 Print This Article

Despite sanctions, Italian investors have arrived to Crimea in search of 500 hectares of land to construct an agro industrial park on the peninsula, reports Ria Novosti.

“We are here because Crimea really needs to be developed. The climate here is similar to what they have in Tunisia. That’s why we would like to grow here the same products we cultivate in Tunisia. We want to create a 500 hectare agro industrial park in Crimea,” Francesco Lo Ludice (one of the investors) said after a meeting with Crimean Deputy Prime Minister Ruslan Balbek.

The regional authorities assured the Italian businessmen to provide all necessary support to get the best plot of land to start the project.

“The investors will have direct contact with the top Crimean officials to avoid red tape and feel comfortable,” Mr Balbek said.

Investors are interested in building greenhouses and develop wine growing, livestock breeding and processing agricultural goods. For that, they want to attract dozens of Italian agricultural technology companies to work in the industrial park. Sanctions will not be an obstacle as production will be sold in the Russian market.

“Trading with Russia from Crimea is way cheaper because you have neither customs clearance nor logistical hurdles to deal with,” Lo Ludice said.

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