Special economic zone will be established in Krakow’s Nowa Huta District

Taxation facilities and privileges for investors, economical and infrastructural development of the region, as well as job creation are among the potential benefits foreseen from the concept of aspecial economic zone in Krakow’s Nowa Huta District. A letter of intent for evaluating the possibilities for creation of the zone has been signed by Malopolska Region’s Governor, Małopolska Agency for Regional Development, and region’s biggest investor, ArcelorMittal Poland, owner of a part of land to be dedicated to the creation of the zone.

On November 3rd, 2010 a letter of intent concerning the evaluation of possibilities for creation of a special economic zone on an area of almost 500 ha was signed. The signatories were: Governor of Malopolska Stanislaw Kracik, representatives of Małopolska Agency for Regional Development: Krzysztof Krzysztofiak (CEO) and Wojciech Szczepanik (deputy CEO), and ArcelorMittal Poland’s Sanjay Samaddar (CEO and Chairman of the Board of Directors) and Surojit Ghosh (CFO & BoD Member).
 
The area of Nowa Huta has a significant potential for development – said Stanisław Kracik, Governor of Malopolska. A proper arrangement of this area and its utilization for investment purposes will contribute to the development of Krakow and the entire Malopolska Province – he added.
 
As the biggest investor in the region, we are taking a keen interest in the economical and infrastructural development of Malopolska. A creation of the special economic zone will certainly result not only in the inflow of capital and new investments to Nowa Huta but will be also beneficial for such investors like ArcelorMittal Poland, already operating in this area. Krakow has always been and will remain a crucial part of our development strategy in Poland – said Sanjay Samaddar, CEO and Chairman of the Board of Directors of ArcelorMittal Poland.
 
In its first stage the plan assumes the merger of fragmented and unused plots in the eastern part of Nowa Huta which belong to Agency for Regional Development Kraków-Wschód Sp. z o.o., Krakow community, and the Krakow Unit of ArcelorMittal Poland. Following that, the area will be divided into plots of 2 to 10 ha area and offered to investors. In order to create conditions for economical development and activity, the zone will be equipped in complete road, electricity, gas, sewage, and water supply infrastructure.
 
Ultimately, we plan to connect the special economic zone in Nowa Huta with a similar area in Niepolomice. It will allow us to enhance attractiveness of Malopolska Region for further investments – said Governor Stanislaw Kracik.