Hi-Tech Chinese Manufacturers to Settle at Technopolis Moscow

Technopolis Moscow (Russia), Qingdao Economic and Technical Development Zone (China), ATEM Healthcare Partners (US) and The Pharma Partners (China) have signed a joint collaboration agreement.

Signed at the recent Boao Global Health Forum in Qingdao, the agreement foresees the establishment of Confucius Technology Park on the premises of Technopolis Moscow to accommodate several hi-tech Chinese companies.  

The parties will also set up a direct investment fund, with participation from Chinese, US, and Russian partners. Confucius will specialize in biotech, pharmaceuticals, medical equipment, and related information technologies. 

Additionally, the agreement foresees the creation of a traditional Chinese medicine center, which will offer services to residents of Moscow.

Starting from 2019, the parties will be holding a Russia-China investment conference that will reflect the interests of Russian, Chinese, and American investors in technology transfer, intellectual property, and pharmaceutical hi-tech manufacturing. 

“Representative of Chinese industries and technology platforms are often guests at Technolpolis Moscow. I am sure that the accommodation of Chinese companies here will contribute to the development of Moscow's manufacturing potential,” says Alexander Prokhorov, head of the Moscow Department of Investment and Industrial Policy.

5 july 2019