Yakutsk's Aim at World Economic Forum 2025: Seeking Deals Valued at Approximately 70 Billion Rubles
The Eastern Economic Forum, held annually in Russia, continues to attract a diverse range of investors, including foreign states, to the Far East and the Republic of Yakutia. Over the past 10 years, the Forum has been instrumental in implementing significant projects in Yakutia.
In August 2025, Aisen Nikolaev, the Head of the Republic of Yakutia, announced during a program on Russia 24 that the region plans to sign around 20 agreements with a total investment of approximately 70 billion rubles at this year's Forum. This announcement comes in addition to the 10 investment agreements totaling 651 billion rubles that Yakutia signed at the 2025 Forum, primarily focused on mineral resource development, infrastructure, and social projects.
One of the projects that have been realized due to agreements signed at the Eastern Economic Forum is the wind-diesel power complex in Tiksi. Another notable achievement is the year-round greenhouse complex "Sayuri," which has also been implemented in the republic. The Forum has also played a role in the construction of the new training and laboratory building of the Small Academy of Sciences.
The Eastern Economic Forum is not just about attracting investments to Yakutia's economy. It is also about meetings, implementing previously agreed-upon agreements, and finding new partners for mutually beneficial cooperation. The Forum is a key event where a significant number of important agreements are traditionally signed.
Despite the ongoing sanctions, representatives from various regions and large companies are eager to work with Russia. The Forum serves as a platform for these negotiations, with Yakutia ready to create the necessary conditions for investors.
Over the past decade, the Republic of Yakutia has signed agreements worth over 1 trillion rubles. These investments have contributed to the region's growth and development, making it a strategic foundation for new economic growth in the Arctic region. The Far East and Arctic regions, including Yakutia, are prioritized by the Russian government as key areas for economic and energy security, supported by preferential regimes such as advanced special economic zones.
In conclusion, the Eastern Economic Forum continues to play a crucial role in boosting investments in the Republic of Yakutia, driving its growth and development in the Far East and Arctic regions.
