MIL-OSI Russia: Alexander Novak held a plenary session at the exhibition-forum “Russia” on the prospects for the development of the North Caucasus macroregion

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MIL OSI Translation. Region: Russian Federation –

Source: Government of the Russian Federation – An important disclaimer is located at the bottom of this article.

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On the sidelines of the international exhibition and forum “Russia” at VDNKh, Alexander Novak held a plenary session “The Space of the Future: The North Caucasus Macroregion”

Deputy Prime Minister, curator of the North Caucasus Federal District (NCFD) Alexander Novak, on the sidelines of the international exhibition and forum “Russia” at VDNKh, held a plenary session “Space of the Future: North Caucasus Macroregion”. The discussion was attended by the head of the Ministry of Economic Development Maxim Reshetnikov, the Plenipotentiary Representative of the President in the North Caucasian Federal District Yuri Chaika, as well as the heads of the regions of the district.

The participants discussed the possibilities of developing the territory until 2030 in terms of agriculture and urban agglomerations, logistics routes, creative industries and tourism while preserving the traditional values, culture and identity of the Caucasus, Adygea and Kalmykia.

The Deputy Prime Minister noted the investment boom in the Caucasus, as well as the growth in lending: in addition to last year, the regions of the North Caucasus Federal District attracted 15% more investment. He added that the nationwide task set by the President to increase the flow of investment into the Russian economy by 60% by 2030 looks ambitious, but feasible.

The influx of funds is also due to the active development of special economic zones.

“There are five special economic zones in the Caucasus. This is the coastal Caspian cluster and four ski resorts: Arkhyz, Elbrus, Veduchi, Mamison. In recent years, we have noted a boom in non-residents who would like to participate in the development of the region and invest in it. Moreover, this is not only local business, but also large companies, including chain hoteliers, who bring modern standards of hospitality and invest in staff training,” the Deputy Prime Minister noted.

Alexander Novak considers the development of transport and logistics infrastructure to be another important area of development. He called the international transport corridor “North-South” the southern gate of Russia.

The Caucasus provides a high birth rate (two to three children per woman) and leads in 2023 in average life expectancy (77 years on average and 80 years in Dagestan, the leader in this indicator in Russia). “To create comfortable living conditions in the Caucasus, there is a separate state program, within which various social infrastructure facilities are financed – schools, hospitals, kindergartens, as well as economic infrastructure facilities – ski resorts and roads,” said Alexander Novak.

The Deputy Prime Minister called the creation and implementation of master plans for urban development while maintaining the possibility of creating points of economic growth in rural areas, where 50% of the population of the macroregion lives, as an important aspect of the development of the region. The President indicated that by 2030 master plans for 2 thousand settlements should be developed in Russia.

The fourth direction of development is the creative economy, or creative industry, which includes folk crafts, creative studios, sound recording, etc. Alexander Novak named tourism, gastronomy, landscaping, the service sector and spa treatment as important growth points for the creative economy.

The fifth direction of development is tourism. The President has set the task of doubling the tourist flow and increasing the contribution of tourism to the gross domestic product by 2030 to 5%. For the North Caucasus Federal District, Kalmykia and Adygea, the share of tourism in the domestic regional product is already 4.7%. There are more ambitious goals ahead – to reach 10%.

The regime of special economic zones helps develop tourism. “Kavkaz.RF builds ski resorts, brings them to operational profitability and transfers them to a private investor. The Arkhyz and Elbrus ski resorts built by the company were among the top three most visited at the end of last season. Next is a new height. It is necessary to develop new growth points, including a beach resort in the Caspian Sea and a balneological resort in Kavminvody. The result in this direction will be a new image of the North Caucasus as a standard of safety, hospitality and comfort,” the Deputy Prime Minister emphasized, noting the particular importance of developing a lean economy and preserving the region’s ecosystem.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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