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Primorye IEZ to acquire more land

Published

7 years ago

October 26, 2018

Niji Narayan

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The Primorye Integrated Entertainment Zone (IEZ) will expand further by the end of this year, as the Primorsky Krai Development Corp (PDC) will complete the leasing of earmarked land plots for the purpose by the end of 2018.

“We hope to lease all of the land plots [in phase one] by the end of this year,” said PDC director general Igor Trofimov. All the remaining six land plots are likely to be taken by the private investors on lease before 1 January 2019.

“We are just waiting for some documents so that we move forward with the payment and finalise the investment agreement and lease contract,” the official said and added: “The announcement should be made shortly.”

Trofimov added that they are “in negotiations with Korean companies and NagaCorp, with which they are actually finalising negotiations,” and explained: “However, depending on the number of companies interested in these plots, we might launch one more auction.”

The Primorye IEZ could become a major hub of casino operators over the next few years.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.