The Moscow-City International Business Centre is a business area under construction in Moscow. Under the Moscow-CITY MIBC project, an area of business activity will be created combining business, apartments, accommodation, and leisure. The managing company responsible for the Moscow-CITY MIBC project creation and development is the CITY Open Joint Stock Company founded under the active auspices of the Moscow Government in 1992 specifically for the Moscow-CITY MIBC construction and operation. The Moscow-CITY MIBC construction is carried out on the Krasnopresnenskaya riverside on a total area of 100 ha, 60 ha of which are earmarked for new development.