Russia to build its own 'Silicon Valley' near Moscow

[Kshasty]

A high-tech research and production hub, similar to the Silicon Valley in California, will be built in Skolkovo near Moscow, Russian President Dmitry Medvedev said on Thursday.

Medvedev said that the center's research will focus on five priority spheres: energy, information technologies, communication, biomedical research and nuclear technologies.

"We will build the center where we have enough facilities to do it quickly. Time is of utmost importance here. So, we will build it in Skolkovo," Medvedev said.

The Russian president announced plans "to form a powerful center for research and development" during his annual state-of-the-nation address on November 12.

http://en.rian.ru/science/20100318/158240604.html