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28 Mar, 08:59

Combined incentives make Arctic tourism projects more effective — official

The Ministry of Economic Development has provided investors with additional opportunities to build hotels in the Arctic

MURMANSK, March 28. /TASS/. A combination of support measures to develop tourism in the Arctic makes it possible to increase the payback of tourism projects and to attract private investments more actively, Russia's Deputy Minister of Economic Development Dmitry Vakhrukov said at the Arctic Forum in Murmansk.

"There is a good opportunity in the Arctic to combine support measures of a national project with benefits for investors in the Arctic Zone. This favors very well the projects' payback, and, accordingly, makes the Arctic more attractive for private investment," he said.

The Ministry of Economic Development has provided investors with additional opportunities to build hotels in the Arctic. From 2025, investors can announce hotels with 40 or more rooms, unlike 120 rooms across the country, he continued, adding this important decision allows investors to create medium-size hotels in certain climatic conditions.

"As for modular hotels, we have made certain incentives for the Arctic Zone - due to logistics difficulties we have dropped the requirement for factory production, and now modular hotels in the Arctic Zone do not have such restrictions. New applications may be on projects with modular hotels, which will be assembled from local materials at small enterprises. This will save up to 30% of logistics costs," the deputy minister added.

The situation in the Arctic regions

The Murmansk Region's Deputy Governor Svetlana Panfilova stressed the combination of support measures allows investors to be confident and better plan their work. Over the past five years, the region supported 35 projects worth 400 million rubles ($4.8 million). Every third tourist visiting the Arctic comes specifically to the Murmansk Region, she added saying tourism in the region had become year-round, since guests come to the region during both the polar day and the polar night.

The Arkhangelsk Region's Deputy Prime Minister Igor Muraev noted federal support had contributed to the development of transport infrastructures that are important for the tourism industry, in particular, to the airport runway's upgrade. According to him, the region still needs developed fleet to organize visits to the northernmost Russian Arctic National Park. "We are all interested in tourists, thus we need to develop tourism together. Each Arctic region is specific, so support measures are implemented accordingly," he added.