Turkey's Ronesans Holding Signs 4 Agreements In Russia
Rukhshan Mir (@rukhshanmir) Published May 26, 2018 | 06:15 PM
ISTANBUL, (APP - UrduPoint / Pakistan Point News - 26th May, 2018 ) :One of Turkey's largest conglomerate Ronesans Holding has signed four agreements in Russia, the Turkish holding announced on Saturday.
The holding signed agreements for projects of the Amur Gas Processing Plant, Sberbank, Administrative Divisions of Moscow and Trams in St. Petersburg under the scope of the St. Petersburg International Economic Forum (SPIEF), it said in a press release.
The 1.3-billion-euro ($1.52 billion) agreement with an Italian engineering and construction company Maire Tecnimont includes Russian energy giant Gazprom's Amur Gas Processing Plant's building works, which will be completed by 2023, Anadolu news agency reported.
"We undertook with this agreement Gazprom's largest gas processing plant in Russia," Alptekin Tizer, president of the Ronesans Heavy Industries, said. He said the plant would have 42-billion-cubic-meter production capacity and it will process Yakutia and Irkutsk's gas.
The plant will carry Russia's gas to China and it will support Amur and East Siberia regions' social, economic and industrial development. Another agreement Memorandum of Understanding for building the Yuniy transfer station, Yujnaya subway station and Kolpino tramway project investment cost will be planned for 20 billion rubles (some $321 million), the press release said.
The agreement with the Administrative Divisions of Moscow includes projects in medical services, offices and hotel complexes, and investment appeals. Meanwhile, Sberbank and the Ronesans Holding signed an agreement to cooperate in several areas such as investment banking and financing activities.
The holding established in 1993 operates in over 20 countries, including Russia, Germany, Switzerland, Qatar, Finland, Belgium, Gabon and Japan.
Related Topics
Recent Stories
Taxing cigarettes a way forward for public and economic health
3 Gawadar attack victims funeral offered
Mbappe says he will leave PSG at end of season
Usmani felicitates Sardar Saleem on taking oath as Punjab Governor
DC for provision of facilities to people in Lasbela
Solar storm could bring auroras, power and telecoms disruptions
Court grants interim bail to PTI leaders
Ulema, Mashaykh call for political accountability, collaboration for Pakistan's ..
SHRC asks NADRA to issue CNICs to transgender as per law
Flash floods kill 50 in one day in north Afghanistan
CDA chief expresses commitment to promoting modern-day technologies
By wide margin, UN General Assembly votes to back Palestinian bid for membership ..
More Stories From World
-
For some residents of Mexico's Cancun, beach seems world away
17 minutes ago -
Endrick in Brazil's Copa America squad but no Neymar
7 hours ago -
Djokovic bottle strike overshadows Rome Open cruise past Moutet
7 hours ago -
Train crash in Argentine capital leaves 30 injured
7 hours ago -
Pandemic agreement talks to continue beyond deadline
7 hours ago -
Chopra falls short in Doha, Bednarek blitzes before Olympics
7 hours ago
-
Djokovic struck with bottle from stands after winning Rome opener
7 hours ago -
England great Anderson's Test career under threat after McCullum talks - report
8 hours ago -
Senegal launches inquiry into Boeing jet runway crash
8 hours ago -
Madagascan leader's former aide jailed in UK for graft
8 hours ago -
Seven killed as bus crashes into river in Russia's St Petersburg
8 hours ago -
Mbappe confirms he will leave PSG at end of season
8 hours ago