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Chinese Company to Invest in Russia Aquaculture Development

30 June 2015, at 1:00am

RUSSIA - Chinas Wen Lian Aquaculture Company is planning to invest 15 billion rubles in the development of aquaculture in Russia's Primorye Region.

“Wen Lian Aquaculture ?ompany is willing to actively participate in the projected creation of a biotechnopark on the Advanced Development Territory on Russky Island near Vladivostok,” the Primorye Region's deputy governor Sergei Nekhaev said after discussing with the Chinese company’s board chairman Qui Laizhong the prospects of investments into the region’s aquaculture and tourism.

Wen Lian Aquaculture Company Ltd. has been working in Russia since 2011 and has shown a great deal of interest in developing the island’s aquaculture as part of the Advanced Development Territories project, reports SputnikNews.

“We want to grow sea cucumber and scallop spawn here and would like to become the first residents of this Advanced Development Territory,” Qui Laizhong said.

Wen Lian Aquaculture Company Ltd. grows, distributes, markets, and sells specialty seafood products.

The Company produces seed for scallops, geoducks and sea cucumbers for aquaculture farms.

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