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Putin to Meet Special Economic Zone Businesses, Potential Investors on Friday

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Russian President Vladimir Putin will meet on Friday with the residents of Russia's Far Eastern priority development areas (PDA) as well as investors eyeing the special economic zones, Kremlin spokesman Dmitry Peskov said Thursday.

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MOSCOW (Sputnik) — The president will be presented with information about PDAs and the functioning of their resident businesses, the spokesman added.

"The president will meet with the residents themselves, he will hold a separate discussion with them, which will also be attended by potential investors, both Russian and foreign," Peskov told reporters.

"He will be told about how investments are made, how things are going and which preferences are provided to PDA residents," he said.

Russia's government has approved the creation of 13 PDAs in the Far East since the law on PDAs came into force in early 2015. The law seeks to develop Russia's remote regions by providing tax breaks and other benefits to PDA resident companies, thus spurring investment.

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