Decisions made by the Liepaja SEZ Board on June 18

On June 18, 2024, the regular Liepaja Special Economic Zone (Liepaja SEZ) Board Meeting took place, where certain agenda items were considered and decisions made, as well as reviewed the informational reports on the Liepaja SEZ operations and planned development projects.

On concluding an investment agreement
The Liepaja SEZ Board reviewed the application of LSEZ SIA “JM Properties” company for the investment project “Construction of a Production Building” and approved its implementation in the period from June 19, 2024 to December 31, 2025 for the total amount of 6, 5 million EUR. LSEZ SIA “JM Properties” is the real estate developer and the new production building will be built to expand the production process of LSEZ SIA “Jensen Metal” company.

On amendments to real estate contract
The Liepaja SEZ Board reviewed the application for the reservation agreement of the real estate - land unit in the Liepaja SEZ territory with the company “BaltEx Bulk” SIA and decided to extend the term of the Agreement until January 31, 2025. The purpose of the contract is the development of the minimum construction design “Construction of a Cargo Storage Site”.