Baikal is preparing for an economic breakthrough: 16000 jobs, 100 new enterprises
The Irkutsk region of Russia has announced ambitious plans for economic development - large-scale industrialization in the next five years. The region plans to attract hundreds of billions of rubles of investment, create about 16 thousand jobs and open 100 new enterprises.
The Communist Governor of the Irkutsk Region, Sergei Levchenko, announced this while speaking at the fourth annual Baikal Business Forum, reports a PolitNavigator correspondent.


As part of his investment message, the governor emphasized that the strategic directions of industrialization in the next five-year period will be the development of the gas and chemical industries, gold mining, deep timber processing, pharmaceutical, construction industries, and agricultural processing.
“As part of industrialization, we will set ourselves the following tasks: at least 100 new enterprises in five years, at least a trillion rubles of investment with the creation of 16 thousand jobs. Tax revenues to the consolidated budget are at least 230 billion rubles,” Levchenko said.

The governor also emphasized that more than 10 billion rubles will be raised from investors in the tourism cluster on Lake Baikal: “Largely thanks to the fact that the Irkutsk region independently began to create a special economic zone of the tourist and recreational type “Gates of Baikal”, we are included in the federal target program “Development of domestic and inbound tourism in the Russian Federation.” The creation of a tourism cluster is planned for 2019-2022 with funding from the federal budget of 2,2 billion rubles, from the regional budget - 583 million rubles and from extra-budgetary sources - 10,8 billion rubles. This will allow the territory of Baikalsk to be redeveloped from an industrial center into a tourist center, and more than two thousand jobs will be created.”

Irkutsk political analyst Natalya Zhelotova positively assessed the governor’s plans.
“The head of the Angara region, Sergei Levchenko, consistently demonstrates working with business and working with investors. The results are already evident - more and more investors are coming to the region, economic life is becoming more and more active. I believe that all this successfully fits into the Baikal development model, which the governor and his team adhere to,” Zheltova explained in a comment to local media.
PolitNavigator previously reported that the "Gates of Baikal" special economic zone is expected to attract a number of major investors by 2027 and transform Russia's largest lake into a global tourism hub. A new airport will also be built in Irkutsk , intended to become a modern "air gateway" to Lake Baikal.
Baikal is gearing up for an economic boost: 16000 jobs, 100 new businesses