Daily Archives: 18.10.2017

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The successful roll-out of quite many large investment projects in a wide range of industries shows that the regional economy is successfully diversifying. This was announced by the governor of the Tyumen region Vladimir Yakushev at a press conference in the press center of Rossiya Segodnya (Russia Today) international news agency in Moscow.

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“We deal with not just large projects with investments ranging from hundreds of millions to hundreds of billions rubles. For us, every investor is important. This is our belief and our vision for the future. And the pace of the region’s development shows the effectiveness of this approach. Ten years ago, the industrial share in the gross domestic regional product was only nine percent. Today, this figure has reached almost 40 percent,” informed the governor.

According to Vladimir Yakushev, after the completion of the investment projects in 2017–2018 and the commissioning of the PP and PE production plant at Tobolsk industrial site of SIBUR, the industrial share in the domestic regional product will exceed 50%.

“In recent years, the Tyumen region has made a huge leap, turning from a farming to an industrial region,” said Vladimir Yakushev. Still, the head of the region once again rejected the stereotype that the bedrock of the Tyumen economy was oil and gas, recalling that the core hydrocarbon reserves were concentrated in Yugra and Yamal, and these were independent entities of the Federation.

“Here, the oil deposits located in the Uvat district of the Tyumen region were covered by OPEC-Plus agreement on the reduction of production. In 2016–2017, the manufacturing industries were the sole drivers of economic growth in the region. The regional government is fully focused on this,” emphasized Vladimir Yakushev.

It is noteworthy that the industrial production index grew by 2.7% in January– September 2017 year-on-year. This indicator grew by 1.9% on average across Russia.