Baoli Bitumina Singapore to invest $2.7b in Russian Far East

Baoli Bitumina Singapore to invest $2.7b in Russian Far East

Brand visual, from the company website

Baoli Bitumina Singapore will invest $2.7 billion in infrastructure projects located in the Russian Far East.

Singapore company Baoli Bitumina Singapore (BBS), a subsidiary of UK-based firm Denimotech Holdings and part of Bitumina Group, will invest $2.7 billion in infrastructure projects of the Far Eastern Federal District of the Russian Federation.

A memorandum of understanding (MOU) on trade, economic and investment cooperation with the Ministry of Development of the Far East and the company from Singapore, was signed yesterday during the Krasnoyarsk Economic Forum.

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