(MENAFN) Moscow said that it aims to attract investors from across the GCC region for the implementation of several urban projects with a mid-term real estate potential of about 180 million square meters in the city, including the New Moscow, transportation infrastructure, industrial zones and the Moscow River projects, Gulf Daily News reported.
Moscow's Deputy Mayor for Urban Planning Policy and Construction said that the city is seeking investments for the construction projects which it is planning to do on an 180 square meter land in the next five to ten years.
"In order to implement these projects, we plan to use state budget funds, private domestic investments, as well as build partnerships with investors from the GCC and other geographies. In return, the government is ready to provide the most favorable investment climate and individual approach to those who are interested in developing Moscow," Moscow's Deputy Mayor for Urban Planning Policy and Construction said.
These projects include the expansion of the city's industrial zones, including a full reorganizing and redeveloping of these zones, as well as improving the city's transport accessibility, and the further development of the urban areas in the city.
According to already approved plans by Moscow, 273 transport hubs are to be built in the city, with 192 of these expected to become permanent, and plans to have these transport hubs surrounded by more than 15m square meter of real estate.
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