The most comprehensive compilation of data for all regions of Russia.
A unique 1370 page information resource with full colour charts, graphs & maps from CTEC Publishing LLC, completely revised for 2008 and available in Print, or Regional PDF files.
The Republic of Sakha (Yakutia) is one of the most dynamically developing
regions in the Far East Federal District, contributing greatly to the socio-economic development of Russia.
The Republic possesses unique natural resources in terms of their composition and quality. It extracts 100% of antimony, 98% of diamonds, 40% of tin, and 15% of gold in Russia, and produces 24% of cut diamonds. The Republic’s energy resources are considerable. It accounts for 47% of explored reserves of coal and 35% of natural gas and oil reserves in Eastern Siberia and Far East, as well as for 22% of Russia’s hydroelectric resources.
Important changes in the economy and social sphere lie ahead today’s Yakutia. By the order of President Vladimir Putin, the Government of the Russian Federation has developed and approved the Scheme for Comprehensive Development of Production Forces, Transport and Energy of the Republic of Sakha (Yakutia) through 2020. Such existing activities as diamond mining, coal extraction, gold, tin, and antimony mining, and agriculture will be developing rapidly. Newly created activities will include oil and gas extraction, uranium mining, and basic metals. The Eastern Siberia – Pacific Ocean pipeline (ESPO Pipeline), a railroad line to Yakutsk, roads, a number of hydroelectric power stations in Southern Yakutia, electric mains, and oil and gas refineries will be built. The implementation of the Scheme will enable the GRP of the Republic to triple by 2020, with people’s incomes growing 3.6-fold and budget revenues growing more than 3-fold.
The investment project for Comprehensive Development of Southern Yakutia,
presented at the 11th St. Petersburg International Economic Forum, was
named the best among the Forum participants and received financing from the
Investment Fund of the Russian Federation. Southern Yakutia is a region with
abundant natural resources and high industrial potential enabling it to create a
new multi-activity industrial district, which is to become the largest infrastructural hub in the Far East. In 10 years, Southern Yakutia will turn into a new industrial region comparable to the Urals. The total financing of the investment project, based on the public/private partnership principles, will exceed $16.4 billion.
Implementation of major investment projects in the Republic of Sakha (Yakutia) will bring new impetus to the economic and social development of the Republic and the country as a whole, strengthening their interregional and international links and enhancing the national security.
The Republic of Sakha (Yakutia) is open for mutually beneficial cooperation
aimed at implementation of promising investment projects.
Russia: All Regions Trade & Investment Guide © CTEC Publishing LLC. All rights reserved. This publication is protected by international copyright law. Copying or re-distribution in any form is expressly forbidden without the written consent of the publishers, CTEC Publishing LLC.