In his opinion, Western Yakutia has great potential for the development of the republic.

The first deputy chairman of Yakutia, Aleksey Struchkov, spoke about the present and future investments in industry and business in the western regions of the republic during a plenary session of the investment forum in Mirny.

“The investment opportunities of Western Yakutia have significant potential for further development. Currently, a number of major investment projects are being implemented in this zone of the republic. These are the construction of the Power of Siberia gas pipeline, the development of the Chayandinskoye oil and gas condensate and Srednebotuobinsky fields, the development of the Otradninsky gas and condensate field, and others,” said Aleksey Struchkov.

According to him, the contribution of only these projects to the GRP of Yakutia is estimated at 36.8% at the end of 2018, and the share of these regions in the total investment in fixed assets amounted to 66.3% - more than 230 billion rubles.

“The implementation of large investment projects in Western Yakutia can give impetus to the development of the agricultural sector of the Vilyui group of uluses. In general, the intensification of the Vilyuisk agro-industrial zone should ensure the food security of the Mirny and Lensky districts for meat, milk and eggs,” said Struchkov.

The first deputy chairman shared what steps the government will take to improve the business climate in the west of the republic. Firstly, the simplification of business procedures will continue. He said that this year they will start implementing the project ‘Transformation of the Business Climate,’ which is a mechanism for the government’s rapid response to the demands of the business community.

Secondly, as Aleksey Struchkov said, in 2020 it is planned to form up inspection plans for entrepreneurs based on a risk-based approach, which should reduce the pressure on business.

The development of special tax regimes is the third step. So, this year the boundaries of the ‘Kangalassy’ Advanced Development Zone and the ‘South Yakutia’ ADZ will expand. In his opinion, the huge potential will be connected with the adoption of preferential regimes for residents of the Arctic zone.