Singaporean Companies Should Invest in Russian Far East

© Sputnik / Vitaly Ankov / Go to the mediabankRaphael Chua, vice president of the Singapore-based Jurong Consultants Pte. Ltd. (С)
Raphael Chua, vice president of the Singapore-based Jurong Consultants Pte. Ltd. (С) - Sputnik International
Raphael Chua,vice president of the Singapore-based Jurong Consultants Pte. Ltd., said that there is room for cooperation between companies from Singapore and Russia in electronics, logistics and agriculture.

VLADIVOSTOK (Sputnik), – Singaporean companies should grab investment opportunities in Russia’s Far East, vice president of the Singapore-based Jurong Consultants Pte. Ltd. said Thursday.

"Of course, definitely, I would recommend [Singapore firms] investing [in the Russian Far East]," Raphael Chua, the engineering consultancy’s vice president for planning, told reporters on the sidelines of the Eastern Economic Forum.

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Chua added that there is room for cooperation between companies from Singapore and Russia in electronics, logistics and agriculture.

The first Eastern Economic Forum is being held on September 3-5 in the Russian city of Vladivostok, located on the Pacific Ocean, as a platform for dialogue between international investors, the Russian government and countries of the Asia-Pacific Region.

Russia has introduced a law on Territories of Priority Development (TPD) to stimulate development in the Far East, and expects the forum will attract investors to projects under this program.

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