A presentation on the regional potential and investment attractiveness of Yakutia was held on the sidelines of the Eastern Economic Forum in Vladivostok, the press service of the head and government of the republic reports.

The head of Yakutia, Aisen Nikolaev, in his speech emphasized that the president of the country, Vladimir Putin, set the goal for Russia to become one of the five most powerful economies in the world by 2024. This task cannot be solved without attracting investments in breakthrough regions and projects that will ensure the solution of the tasks set, the head of the republic believes.

"Today we are one of the fastest growing regions of Russia. Last year, our industrial production growth was over 8%. This year, according to the results of the first half of the year, despite a certain stagnation in the diamond market, this figure is about 11%. This is probably one of the best indicators in our country for this period,” said Aisen Nikolaev.

The head of the region noted that the investment potential of the republic is huge. Thanks to the system of development institutions and the creation of new sectors of the economy, Yakutia is in fact the absolute leader in the Far East in terms of attracted investments.

Yakutia is working to increase investment attractiveness for investors. The openness of the government, close work with business, the desire for change, project management allowed the region to become a leader this year in the national ranking for the state of the investment climate.

“We made the leap from 52nd to 22nd place. Therefore, the president’s order that by 2020 the regions of the Far East should be in the top thirty in Russia, at least Yakutia has completed. Today, being the economic investment leader of the Far East, we provide 20% of the total gross product of the macroregion, 30% of private investments, 34% of the total tax revenue to the federal budget from taxpayers of the Far East.”

Yakutia is one of the top ten regions of Russia with the largest gross regional product per capita. Last year, the GRP of the republic for the first time exceeded a trillion rubles. This is the 20th place in Russia and the first in the Far East. In general, the growth of economic indicators since 2013 is 1.8 times. The volume of investments has more than doubled.

The republic has reached not only impressive figures in the economy, but also is engaged in increasing human capital.

“In my opinion, this is the most important project that is being implemented in the republic. And today we are the only region of the Far East where the natural population growth has been preserved,” Aisen Nikolaev emphasized.