The Arkhangelsk Region is the largest subject (constituent entity) of the Russian Federation in the north of the European part of Russia. This is the edge of the forest industry, the fishing industry, modern shipbuilding and space exploration.
Economic development in the most traditional industries in the region is based on the enterprises of the timber and machine-building complex, the construction industry and the developed infrastructure of commercial ports.
The region has great transport accessibility, there are four ports on its territory — 3 sea and 1 river.
The dominant economic activities of the region are:
— woodworking industry;y;
— pulp and paper industry;
— mechanical engineering.
The region has developed and adopted the Investment Strategy of the Arkhangelsk Region for the period up to 2025, the main goal of which is to create favorable conditions for doing business.
The factors of investment attractiveness of the region include:
— convenient economic and geographical location;
— high resource availability;
— the potential of the workforce;
— production capabilities of the economy;
— financial stability of the budget and enterprises of the region;
— a wide range of preferences, which are manifested in the provision of tax benefits, the conclusion of special investment contracts, the allocation of land plots on special conditions.