Ministry of Economic Development: The Kavkaz.RF development strategy concept through 2030 envisages attracting 150 billion rubles in private investment.
Russian Minister of Economic Development Maxim Reshetnikov held a strategic session dedicated to the Kavkaz.RF Development Institute's development strategy concept. The discussion focused on the company's role in achieving national goals and creating a sustainable economic growth model for the North Caucasus Federal District through 2030.
"The previous strategy was adopted in 2022. Since then, national development goals and approaches to strategic planning have changed. The development institute has established a solid foundation, and now it is important to move on to the next stage—strengthening the investment component, increasing the effectiveness of existing instruments, and setting a more ambitious development dynamic," noted Maxim Reshetnikov.
Over the past three years, more than 40 infrastructure facilities have been created at existing sites, over 70 km of eco-trails have been laid, and the resorts welcome approximately 2 million tourists annually. Through the Development Institute's instruments, 24 billion rubles in extra-budgetary investments were attracted to special economic zones. 219 projects with a total investment volume of over 24 billion rubles were supported. These results have helped to create a sustainable investment environment in the macro-region.
Deputy Minister of Economic Development of the Russian Federation Sergey Nazarov emphasized that the key achievement was the restoration of trust in the financial sector and the development of a working project financing model.
"We see that the banking sector is returning to the region: 203 investment projects in various sectors of the economy, worth 19 billion rubles, were supported with the participation of credit institutions. The total volume of loans attracted by residents of special economic zones has exceeded 51 billion rubles, while high repayment discipline has been ensured. This demonstrates the development of a sustainable investment environment," stated Sergey Nazarov.
The development of banking participation has significantly expanded the financial capabilities of projects and reduced dependence on direct budgetary instruments. At the same time, the strategy concept calls for the further removal of infrastructure restrictions—modernization of utility networks in the SEZ, development of the energy and housing and utilities sectors, and increased labor productivity in the tourism industry. These areas are viewed as interconnected elements of a unified economic growth model.
In his report, Andrey Yumshanov, CEO of Kavkaz.RF, outlined the strategic logic for the next step in the company's development.
"We have reached a stage where we need to clearly define the role of the Development Institute in shaping a new economic model for the North Caucasus. Our task is to focus on tools that systemically impact investment, labor productivity, and employment, and to ensure the company's long-term financial stability as the basis for the implementation of major projects," noted Andrey Yumshanov.
The updated strategy concept consolidates Kavkaz.RF's focus on five areas: development of special economic zones and infrastructure, implementation of investment projects, participation in the modernization of the energy and housing and utilities sectors, the formation of an industry competence center, and the development of human resources.
In 2026, Kavkaz.RF will continue to work with the North Caucasus Federal District Human Resources Development Association, including through a specialized career portal created jointly with one of the largest HR platforms, and will also introduce a new initiative—a cable car certification system. The company has formalized its expertise in mountain construction through a subsidiary, Kavkaz Engineering, and is developing integrated tourism solutions—from infrastructure preparation to product launch. These areas complement investment activities and serve to strengthen financial stability and reduce dependence on direct government funding.
The baseline scenario for the 2030 strategy concept plans to allocate 26 billion rubles to developing SEZ infrastructure and attract up to 150 billion rubles in resident investment. This will mark a transition from isolated projects to a systemic investment development model for the macroregion.
Following the strategic session, Maxim Reshetnikov outlined Kavkaz.RF's priorities for further growth: the active use of federal support instruments and strengthening the company's role as an investment operator. The Minister emphasized that the accumulated experience allows us to move on to the next stage—increasing the share of extra-budgetary funding sources and developing a sustainable financial model.