Moscow

Future development
The "Moscow International Business Center" (Moscow-City) is a projected new part of central Moscow. Geographically situated in Presnensky District, located at the Third Ring, the Moscow-City area is under intense development. The goal of MIBC "Moscow-City" is to create a zone, the first in Russia, and in all of Eastern Europe, that will combine business activity, living space and entertainment. It will be a city within a city. The project was conceived by the Moscow government in 1992.
The construction of MIBC "Moscow-City" takes place on the Krasnopresnenskaya embankment. The whole project takes up 1 square kilometer (247 acres). This area is the only spot in downtown Moscow that can accommodate a project of this magnitude. Today, most of the buildings there are old factories and industrial complexes.