The purpose of the special economic zone, to be located in the city of
Verkhnyaya Salda at Sverdlovsk Oblast, Russia, 624763, is to give enterprises the opportunity to develop and produce value added products in the region and bring international partners to the zone. and Governor of Sverdlovsk Oblast
Aleksandr Misharin has stated that he expects the incentives to enable the companies to produce globally competitive products and create new jobs. While visiting the region,
Prime Minister Vladimir Putin said on 13 November 2010 that a
decree for creating the special economic zone will be signed in two weeks. Foreign companies considering to create production facilities in the zone include
Rolls-Royce Group and
Goodrich Corporation. The Titanium Valley project is part of Russia's ongoing
effort to modernise and diversify its economy, one of the main programs of
Dmitry Medvedev's
presidency. == References ==