DOM.RF is outlining a plan to draw foreign investment, including from China, to projects aimed at reshaping the urban landscape in Russia’s Far East. This topic was discussed at the Eastern Economic Forum where DOM.RF’s director in charge of urban development outlined the strategy.
The plan calls for substantial funding to realize the sweeping goals for transforming a corridor of 25 cities across the Far East. The scale of the ambitions requires capital from outside Russia, a point emphasized by the company’s leadership as essential for progress.
There is a clear expectation that attracting international investment will be a major hurdle to overcome in the near term. Investments are seen as pivotal, especially for Southeast Asia. Domestic funds alone are deemed insufficient to tackle the breadth of the tasks involved.
The leadership indicated a push to deepen collaboration with China to bring in foreign capital for urban development initiatives in the Far East. The aim is to create stronger ties with international partners who can contribute expertise and resources to modernization efforts.
It was highlighted that for many foreign investors, urban development plans remain a complex proposition. Closer cooperation and clearer, more accessible frameworks are needed to engage these partners effectively.
Recent reporting noted a historic milestone in the issuance of privileged mortgages in Russia, signaling broader financial opportunities that can support urban development programs. The broader message from top leaders stresses the importance of robust transport infrastructure and its critical role in unlocking the economic potential of Far Eastern cities.