This video is the proposed showcase of ‘Moscow City’ – the Moscow International Business Centre.
Moscow International Business Centre (MIBC) is an ambitious regeneration project in the Presnenskaya Embankment area in the heart of Moscow’s Kremlin.
The master plan of MIBC was conceived by the Russian government as far back in 1992 with an intention to convert Presnenskaya, an old urban area with old factories and industrial complexes toEastern Europe’s central business hub.
The management company of the project, CITY Joint Stock Company (CITTY JSC), a joint venture between the Russian government and private investors claim that it is currently Russia’s and Europe’s largest investment and construction project.
We recently covered the construction completion of one of the towers - Naberezhnaya Tower. We have to say it is a very ambitious engineering project with 15 distinct developments spread across 30 plots on an enormous 100ha site. The estimated project cost is $12 billion with a completion date slated for 2010.
We’ll definitely be keeping an eye on this one and cover more of it’s developments in future posts.
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Very interesting! I would think we will see much more growth of global business within Russia with the amount of new oil money they are now generating.