Russian Union of Industrialists and Entrepreneurs

Russia: All Regions Trade and Investment Guide - a Project of the Council for Trade and Economic Cooperation (Russia - USA).

Yamalo-Nenetsky Autonomous District  £25

Yuri Neyelov,
GOVERNOR OF THE YAMALO-NENETSKY
AUTONOMOUS DISTRICT

The Yamalo-Nenetsky Autonomous District (or Yamal for short), which
is one of the largest Arctic regions of Russia, boasts one of highest levels
of living in the Russian Federation, and is a guarantor of economic and
energetic safety of the country.

Yamal, which accounts for one fourth of the foreign currency earned by
Russia, is among the top five regions with fastest development. Hydrocarbon resources – oil, natural gas, and gas condensate – form the most important part of natural wealth of the Yamalo-Nenetsky Autonomous District (YNAD). With its huge potential gas reserves, the District is the world’s biggest source of natural gas.

We firmly believe that Yamal has a great future. Its prospects are connected
with utilization of its unique natural wealth: in addition to the natural gas, the
Polar areas of Yamal have enormous reserves of chromite and manganese ores, bauxites, highest-grade phosphorite ores, gold, and semi-precious stones with a combined worth of $220 billion.

Yamal is an internationally recognized center of deer breeding. Our District
is also known as the “delicacy fish shop of Russia.” Approximately one-third of
the world’s total reserves of valuable whitefish species are found in rivers of Yamal.  The District is also a traditional fur supplier; its animal farms breed silverblack foxes, blue foxes, and color minks.

Many business people have already demonstrated their appreciation of the
development potential and stability of the economy of the Yamalo-Nenetsky
Autonomous District. On April 16, 2007, due to steady improvement of key social and economic indicators, the Standard & Poor’s agency gave Yamal a higher credit rating. Only Moscow, St. Petersburg, and Khanty-Mansiysky Autonomous District-Yugra have better ratings.

Investors from 26 countries, including the USA, Cyprus, Germany, the UK,
Finland, China, and many others, have become partners in companies with foreign capital and joint ventures operating in the District.

Today, the total worth of investment projects in the Yamal’s fuel and energy
sector is $100 billion, including $40 billion invested in development of the natural wealth of the Yamal Peninsula.

We want our land to become a region with diversified, high-tech economy,
well-developed infrastructure, comfortable cities and towns, and good ecology.
This is why we give preferential treatment to those projects that aim to create
good living conditions for Yamal residents and preserve the vulnerable nature
of the Far North.

We are committed to expanding the mutually beneficial cooperation with
our partners. Political and social stability, favorable investment climate, big prospects, and good conditions for effective partnership are the distinguishing features of the Yamalo-Nenetsky Autonomous District.

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