UrBC, Yekaterinburg, May 26, 2017. The Mid-Urals Development Corporation presented Sverdlovsk Region’s timber industry’s potential at the international exhibition LIGNA 2017 in Hanover, Germany. Also, a number of talks were held with potential investors, Governor of Sverdlovsk Region’s Information Policy Department reports.

‘The Mid-Urals timber industry sector has great potential and could be one of the local economy’s key growth points. However, the industry suffers from lack of investments, and a lot of woods in the area are still not being covered. This is why it’s important to inform the potential investors about what Sverdlovsk Region has to offer and create an investment-inducing climate,’ the Department says.

Sverdlovsk Region is currently prepared to work on large-scale investment projects in the timber processing sector. According to the Corporation, Ural Federal District’s overall timber reserves amount to over 8bn m3, with 2bn m3 in Sverdlovsk Region alone, as 68.6% of its territory is covered in trees. Based on the expert calculations, 24.3m m3 of timber could be safely produced in the area every year; at the moment, the figure only comes to 6.5m m3. This means most of the timber reserves are available for rent.