The republic faces big strategic plans - the implementation of the comprehensive development scheme till 2020. The region has concentrated large-scale investment projects which are of great socioeconomic importance to the eastern part of Russia. The construction of the railway "Berkakit-Tommot-Yakutsk” is being completed;the first line of the “Eastern Siberia-Pacific Ocean" oil pipeline has been constructed; the republic continues to implement the country's largest project "Integrated Development of Southern Yakutia"; the creation of Yakutia gas production center was initiated in accordance with the Eastern Gas Program.
Creating a favorable and stable investment climate in the region is one of the main objectives of the Government of the Sakha Republic (Yakutia). The priorities of the republic’s authorities are to diversify and attract investment in the priority economy sectors: oil and gas industry, including production and processing of oil and gas, metal ores and coal mining, construction materials production, processing of agricultural products and timber industry.
Yakutia lies in the north-eastern part of Asia stretching 2,000 km north-south and 2,500 km east-west.
The area of 3,102 thousand square kilometers covers one fifth of the total area of Russia and is equal to 2/3 of Western Europe’s territory.
Over 40% of Yakutia lies beyond the Arctic Circle.
It spans three time zones (UTC +9, +10, +11).
Yakutsk, the capital of the republic, is 8,468 km away from Moscow.
Yakutia has borders with seven entities of the Russian Federation:
on the west — Krasnoyarsk Krai,
on the south-west and south — Irkutsk Oblast and Amur Oblast, Zabaikalsky Krai,
on the south-east — Khabarovsk Krai,
on the east — Magadan Oblast and Chukotka Autonomous District.
The state authority is executed by President, the State Assembly (Il Tyumen), the Constitution and Supreme Courts.
The supreme legislative body is the State Assembly (Il Tyumen).
The supreme executive body is Government of the Sakha Republic (Yakutia).
The highest executive official and head of the Sakha Republic (Yakutia) is President of the Sakha Republic (Yakutia).
As of January 1, 2011, there are 445 municipal units, including 34 municipal regions, 2 urban districts and 409 urban and rural settlements.
According to the interim data of the All-Russian 2010 Census, the population of the republic makes 958,3 thousand people, including urban population making 64.1% and rural population – 35.8%. The republic is home to 126 nationalities, including the Yakuts – 45.5%; Russians – 41.2%; Ukrainians – 3.6%; Evenks – 1.9%; and Evens- 1.2%. The population density in the republic makes 0.3 people per sq.km.
Yakutia enjoys the variety of natural conditions: its continental climate shows up in the air temperature fluctuation range reaching 100 degrees Centigrade. The republic is home to the pole of Cold of the northern hemisphere, with the lowest temperature registered at 71.2 degrees C.