Los Angeles, CA (PRWEB) March 29, 2013
On March 25 2013, under the patronage of city governor Georgiy Poltavchenko, Saint Petersburg officials chose three strategically important projects during the first meeting of the board of investments. The first project to be approved is “Agropolis”, an innovative center for agricultural production.
“Agropolis” is part of Satellit Development’s Portland project, occupying 238 out of Portland’s 506 acres. It is advantageously located in the industrial are “Predportovaya-3” between KAD (the Saint Petersburg Ring Road) and Pulkovo airport. $900 million has been allocated to the first stage of the project, although funding will reach $2 billion in total.
“While other European countries have demonstrated success by implementing large-scale agricultural centers, Russia has not yet attempted this type of project,” said Vladimir Skigin, Chairman of the Board of Directors of Satellit Development. “The development of agriculture is one of the priorities of our country’s economy, and we have every reason to believe that the proposed format will be popular in Russia.”
Saint Petersburg officials have said they are prepared to provide support to investors of innovative project in the city. In addition to Agropolis, the city approved a supermarket chain targeted to small businesses and independent customers and an interactive fairy-tale theater named after A.S. Pushkin.
About Satellit Development
Management company Satellit Development, LLC was established in 2008. Its primary activities include integrated land development, selling land, developing and designing residential and commercial projects, and offering consulting and brokerage services.