ASEZ Resident in Yakutia Is Preparing to Start the First Stage of the Jewelry-Cutting Cluster


SAYBM LLC creates the infrastructure to provide favorable conditions for doing business in the field of jewelry and diamond cutting in the Republic of Sakha (Yakutia). The jewelry-cutting cluster will be organized on the principle of an industrial park. It will be located on the ASEZ "IP Kangalassy". The value of the project is 537.6 million rubles. The project is implemented in accordance with the schedule, in agreement with JSC "Corporation for the Development of the Far East."

“In the implementation of the first stage, more than 100 million rubles have already been drawn,” says Ivan Stepanov, director general of SAYBM LLC. - We have almost completed the construction of administrative and industrial building (with area of 1,450 square meters) together with driveways, warm parking and parking spaces. Currently, we are completing the construction of a pumping fire station. It is important to note, that our project will be fully provided with engineering infrastructure (gasification, electricity, water supply facilities and sewage) at the expense of the federal budget.

In addition to office and warehouse facilities, it is planned to create a cutting and jewelry shop, provide specialized equipment to resident enterprises of the cluster engaged in the production of jewelry, diamond processing, precious, semi-precious, ornamental and synthetic stones. Besides, the operator intends to provide individual entrepreneurs and legal entities with consulting services, to conduct marketing research for them, provide analytical information and organize products distribution system.
According to the investor’s information, Yakut jewelers will be able to start cutting diamonds in the first quarter of the New Year. In total, during 2019, more than 10,000 carats of diamonds can be cut at the SAYBM production area.
In the near future, the resident of the ASEZ “IP Kangalassy" plans to build a second stage of the project and an exhibition complex, thus creating more than 900 jobs altogether and  to begin wholesale and retail sales of certified diamonds, jewelry and rough diamonds both domestically and for export.

Denis Tikhonov, Director General of JSC “Corporation for the Development of the Far East”, notes: “In its activities, our corporation is actively and successfully introducing new instruments for working with investors. On our website, for example, it is possible to apply online. Soon, we expect to have "Personal Account of the Resident". With its help, residents will be able to receive services of the management company, provide reporting, monitor the implementation of the project and fulfill obligations under the agreement. We are also working on the concept of JSC “Corporation for the Development of the Far East” Resident Support Center. This center will have to provide services according to a predetermined basic standard on its own, as well as facilitate the communication of residents with partners. Moreover, all services for optimizing the interaction procedures will be free.”

We remind you, that today in ASEZ “IP Kangalassy” under agreements with JSC “Corporation for the Development of the Far East” there are 18 residents making investments. The total amount of investment projects is 24.3 billion rubles. According to the plans, there will be created there 384 jobs. Seven of these companies have already implemented their projects.
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