Representatives of the Glorax Group met with Chinese investment fund

As part of the development of business partnership, representatives of the Glorax Group held a series of meetings with a large investment fund in China. The main topic of the talks was the implementation of joint projects in the industry, as well as the possibility of supplying domestic materials to the PRC market. During the meetings, the mutual interests of the two parties were identified, and a number of decisions on further interaction were developed. Earlier, Glorax Group has already held talks with Chinese investors.

“The high level of trade relations between our countries is due not only to geographical proximity, but also to the complementarity of economic models. During negotiations with the representatives of the investment fund, the issues of economic and investment potential of joint projects and access to the new sales markets were touched upon. The similarity of our interests in key positions demonstrates wide opportunities for further partnership,”  –  said the founder of the Glorax Group, Andrei Birzhin.

Relations between China and Russia play a key role in the Asia-Pacific region and in the world as a whole. The partnership between the two countries is constantly gaining momentum, in particular last year was the fastest growing in the terms of economic cooperation. According to statistics, by the end of 2017, the trade turnover between the two countries in dollar terms increased by more than 20 %. There was a significant increase in both Chinese exports to Russia and imports from Russia. The improvement of conditions for the foreign investors in our country also has a positive effect on this trend.

 Glorax Group is a group of companies investing in the creation of new products and services in the areas of real estate, infrastructure and energy. Glorax Group was founded by Andrei Birzhin in 2014. The group includes Glorax Development – a company specializing in the development of residential complexes, commercial real estate, as well as social infrastructure facilities. Included in the TOP-5 of developers in St. Petersburg and recognized as “Developer Number 1” according to the award “Records of the real estate market”. Currently, the Glorax Development project portfolio is more than 2.5 million square metres. Glorax Group also includes one of the largest Russian plants of electrical insulating materials, “Electroizolit”, enterprises of infrastructure developing, organizations of social and innovative orientation.