In 2018 Yugagroholding intends to commission the 2nd stage of a greenhouse complex, 528m RUB worth. As was informed by the Agency for Entrepreneurship and Investment, the project is financed both out of equity and debt funds. The investment project provides for the construction of a greenhouse complex on the area of 5 ha. It is planned to cultivate up to 2.27k tonnes of tomatoes annually. The project will provide over 50 work opportunities; annual tax revenue will total 23.8m RUB. Geothermal heating system will be used for cultivation and heating of greenhouses. The products will be delivered to the retail chains in Dagestan, North Caucasus and Russian regions. It is worth to mention that the greenhouse complex is included in the state support programme “Development of the North-Caucasian Federal District by 2025.” Total greenhouse area will amount to 20 ha, output – 10k tonnes of vegetables annually.
Source: RIA Dagestan