The new resident of the Arctic Zone of the Russian Federation (AZRF), Kola Shipyard LLC, will begin implementing a 1,500—square—meter shipbuilding workshop project under an agreement with the Corporation for the Development of the Far East and the Arctic (KRDV). It is expected that the construction of the infrastructure necessary for the shipyard will begin in 2027 after the registration of the land plot. They plan to invest about 27 million rubles in the project. An assembly, finishing and mechanical workshops will be built on the shore of the Kola Bay, outside the port area. The equipment of the slip, mooring wall and hydraulic infrastructure is supposed to be used for launching vessels. The project implementation period is until 2031.
"We expect to occupy our niche in the market of sports and pleasure craft due to high—quality, reliable solutions and products," commented Sergey Shapovalov, General Director of the Kola Shipyard, a resident of the Russian Arctic. — Murmansk has great potential as a city with a developed marine and river infrastructure. We hope that there will always be a stable demand not only for our products, but also for ship repair services."
The entrepreneur also noted that the largest preferential treatment in the world, the Arctic zone of the Russian Federation, allows engineering projects and industries that initially require large investments and often cannot immediately return them to be implemented.
"In this regard, 10 years of tax "holidays" during the period of active construction of infrastructure for production is a chance to create really large projects," Sergey Shapovalov summed up.
"The implementation of shipbuilding projects, including initiatives of medium-sized enterprises, plays an essential role for the long-term development of the Murmansk Region. Such projects contribute to the creation of new qualified jobs, stimulate the development of related industries and provide growth prospects for both businesses and residents of the region," said Svetlana Panfilova, Deputy Governor and Minister of Arctic Development and Economy of the Murmansk Region.
Alexander Shutov, Director of the Murmansk Marine Park, noted that the development of marine and river infrastructure is also facilitated by the creation of new production facilities designed to produce small sports and pleasure craft. This will expand the range of products that can benefit from domestic and export potential. The benefits provided to AZRF residents will help to implement successful investment projects in this industry.
Alexander Shutov said that 314 residents of the Russian Arctic are currently implementing investment projects in the Murmansk Region under agreements with the KRDV, of which 65 have been successfully commissioned. The residents who launched the projects have invested more than 26.2 billion rubles in the region's economy and created almost 1,400 jobs. The total investment volume of AZRF residents in the Murmansk region exceeds 371 billion rubles.
The Arctic zone of the Russian Federation is the largest special economic zone in the world. Within it, there are tax benefits and administrative preferences for residents: for the first 10 years, preferential tax rates on corporate property, land, and profits. There has also been a subsidy of 75% of insurance premiums for new jobs created for 10 years. One of the advantages of doing business in the Russian Arctic is the possibility of applying the free customs zone regime, providing state and municipal land plots without bidding, and other preferences.
/Ministry of Arctic Development and Economy of the Murmansk Region/