Investment digest: "the beginning of summer has not become a vacation period for business activity in the Murmansk region"

Investment digest: the beginning of summer has not become a vacation period for business activity in the Murmansk region

The Murmansk Region Development Corporation in the new "Investment Digest" tells about the events that positively influenced the investment attractiveness of the region in early summer. New issues of the collection are regularly published on the Investment Portal and include news related to the implementation of investment projects, as well as expert opinions and analytical data.

According to experts of the Development Corporation, the beginning of the summer of 2023 has become saturated with economic events. First of all, this is due to the annual St. Petersburg International Economic Forum in St. Petersburg, during which the Murmansk Region signed about 20 cooperation agreements. The key is with Gazprom about its intentions to build the Volkhov–Murmansk gas pipeline, which will help provide gas to the population, enterprises and new investment projects of the Murmansk Region and Karelia. This event was positively assessed by experts. The head of the Olkon mining company called it historic and noted that in the event of the arrival of gas, the company will make a significant contribution to solving the problem of rational use and conservation of energy resources. It is also worth noting that this year SPIEF concluded a number of important agreements on the development of lithium deposits and the launch of pharmaceutical production with foreign partners.

"The new digest presents the main results of the economic forum for the Murmansk region. In general, this year at the SPIEF, the results of the work on investment projects, which was carried out by the government team all year, became known, and new vectors were noted. Gas and lithium are the main growth points that will be associated with the economic development of the Murmansk Region in the next decades," comments Artem Kuksa, General Director of the Murmansk Regional Development Corporation, on the summer issue of the digest.

The beginning of summer did not become a holiday period for business activity in the region. At the end of June, a business mission from St. Petersburg and diplomats from 16 foreign countries visited the Murmansk Region to get acquainted with the investment potential. In the second case, the head of the region Andrey Chibis personally told the guests about the prospects for the development of the Murmansk region.

By the beginning of summer, the register of residents of the Arctic zone of the Russian Federation from the Murmansk region had increased to 197 projects. The new residents will create an enterprise for the disposal of construction waste, a trout farm, a base for sports and recreation on Lake Sredny in Murmansk and a data processing center in the Kola district. The volume of investments, which in total will be directed to the creation of projects in the coming years, already exceeds 150 billion rubles. In addition, in early summer, a joint company with the Murmansk Region Development Corporation Atlas-Lovozero started the construction phase, implementing a project to create a roadside service complex in Lovozero. And a resident from Kirovsk, Sokroma Real Estate, opened a hotel with maximum accessibility to the mountain slopes of Khibiny. To do this, the company carried out the reconstruction of the historic building in 1935.

Also in June, the positions of the Murmansk Region in a number of federal ratings became known. In a study prepared by experts of the RIA Rating agency, the Murmansk Region took 10th place in the ranking of regions by population income for 2022. In another ranking, Murmansk is ranked second among cities in terms of salaries.


/ Ministry of Information Policy of the Murmansk Region according to the Murmansk Region Development Corporation /