Флаг автономного округа-Югры

Priorities for development of investment policy of Ugra were discussed at the world Exhibition in Dubai

3 december 2021

Department of Public and External Relations of the Khanty-Mansiysk Autonomous Okrug – Ugra informs:

Governor of Ugra Natalia Komarova, delegation of the Khanty-Mansiysk Autonomous Okrug took part in the discussion "Investment attractiveness of Russia. Opportunities for cooperation". The event took place as part of a working trip to Dubai (UAE) for EXPO 2020.

The meeting was moderated by Ivan Fedotov, Executive Director of the Association of Innovative Regions of Russia. He noted that Ugra is consistently in the top of all the main ratings of socio-economic development of the country's regions. "By the end of 2021, the total volume of investments in Ugra exceeded 13 billion US dollars. The economy of the Khanty-Mansiysk Autonomous Okrug is dominated by the oil and gas industry. Work with investors is systematically built in the region, including through a modern venture financing tool," he said.

Natalia Komarova, in turn, added that 5% of the world's oil is produced and every second ton of Russian hydrocarbons is extracted in the Khanty-Mansiysk Autonomous Okrug. The region forms scientific and technological reserve of the Russian oil and gas complex, developing technological competencies, testing and implementing advanced innovative solutions, technological projects. In this regard, 11 project modes have been identified at the regional level, using which one can choose an investment mechanism.

"Investment development institutions in Ugra are a system. It complies with the new investment standard 2.0, adopted in Russia in October 2021," the Governor added.

In addition, Natalia Komarova noted that investments are attracted at the expense of business infrastructure - these are industrial parks (Kondinsky district, Surgut, Nefteyugansk, Nizhnevartovsk), industrial technoparks (Khanty-Mansiysk, Nyagan), high-tech technopark (Khanty-Mansiysk). "It is planned to open the Nyagan Special economic Zone in the near future. The volume of private investments in production facilities for potential residents will amount to at least 200 million US dollars until 2026," Natalia Komarova stressed.

She also presented to the participants of the discussion the support measures implemented in the region: reduction of the tax burden (income tax, property tax), compensation of part of capital expenditures, land plots are provided without competition for large-scale investment projects worth more than 4 million US dollars.

"Since 2020, we have been actively using venture capital investments. So, in 2020, we entered into an investment partnership with the Terra VC venture fund. Thanks to venture capital, 3 companies have localized their production in our region. These companies operate in the Middle East and the United Arab Emirates, in particular," Natalia Komarova said.

The region also actively uses modern mechanisms of financial support for investment projects – public-private partnership agreements, concessions, agreements on the implementation of investment projects, life cycle contracts, venture capital and many others.

Natalia Komarova also invited international colleagues to take part in the accelerator of technological startups "e2-e4". 239 teams have become its participants in two years. This year, the prize fund amounted to more than 100 thousand US dollars. Taking into account high interest and request fr om youth teams, the government of the Autonomous Okrug decided to hold an annual acceleration program. "We accept applications for projects from June 1, 2022, the amount of the grant for the winners will be more than 50 thousand US dollars (2 million rubles) for each project. When they are localized in the Autonomous Okrug, additional financial and non-financial support measures will be provided," the Governor addressed the Forum participants.

Chairman of VEB.RF Igor Shuvalov noted the contribution of the heads of the constituent entities of the Russian Federation to work with investors. "An investor needs a partner who manages the regional government. If this is an agenda of open investment projects, wh ere the government supports investors, the region is free from corruption, a dialogue is built. In this regard, experienced governors with significant work experience are present at this site," he stressed. "We need to work in the language of financial opportunities, and they are now international. And if now your internal investor is ready to give you a "ruble" for this project to take place, then, of course, others will come. This is a different mechanics of financial market interaction."

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