Investment guide book

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Government of the Sakha Republic (Yakutia)



Yakutsk 2011

«… Nowadays the solution of numerous long-term tasks depends on development of the Russian Far East. And these tasks are of crucial importance for our country».
(Dmitry Medvedev, President of the Russian Federation)

«…The Sakha Republic (Yakutia) is the largest constituent entity of the Russian Federation and one of its richest depositories of resources. Naturally, sustainable and dynamic development of Yakutia is of key importance for both the Far Eastern District and Russia on whole...»

(Vladimir Putin, Chairman of the Russian Federation Government)

«Our republic has everything to create a better life – abundant natural resources, long-term strategic action plans, sustainable social development, positive natural increase pattern, high educational level of the population, relatively young and economically proactive labor force …»
(Yegor Borisov, President of the Sakha Republic (Yakutia))

Ladies and Gentlemen!
Today, ensuring socioeconomic well-being of every citizen and the state is only possible with the active use of modern scientific - technological advances, extensive enhancement of innovative activity, and development of regional infrastructure under public - private partnership.
The Sakha Republic (Yakutia) is one of the fastest growing federal subjects and has a significant influence on the development of the Russian Far East. Its vast territory rich in natural resources, presence of major export-oriented companies, favorable geographical position and proximity of the Asia-Pacific markets, as well as a unique tourist potential create preconditions for becoming a strategic outpost of Russia in the Far East.

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.

These and other projects will form a modern competitive economy based on innovative solutions and advanced industrial base, which ultimately will create the conditions for a new quality of life. The strategic goal is to overcome system-based infrastructure constraints, to create favorable environment to attract investments and skilled workers, creating comfortable living conditions in the region.
We look forward to further successful cooperation of science, government and business to jointly tackle major issues of socioeconomic development in general, creating an effective platform for cooperation between federal and regional authorities, Russian and foreign investors to discuss the issues of infrastructure development and implementation of promising investment projects throughout the Far East.

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.

I am confident that joint efforts of the Government, business and society can transform the global challenges and constraints into new opportunities for sustainable development of the Far East as the key sector that strengthens the geopolitical position of Russia in the international community.
I wish all participants and guests of the international conference fruitful and constructive work, interesting initiatives and success!

President of

the Sakha Republic (Yakutia)

Yegor Borisov

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

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.

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