Abstract
At the present moment the assessment of investment attractiveness of oil and gas regions is a crucial scientific and practical task. The paper analyzes development issues of investment attractiveness of oil and gas regions under sanctions and discovers main development trends, current state and prospects of investment attractiveness of Khanty-Mansi Autonomous Okrug – Yugra. A risk assessment is performed and an authors’ model of classification of regions by their investment attractiveness is elaborated in the research. An assessment of investment activity is made and mid-term strategic development trends of investment attractiveness are set. Research objective: to make an assessment of investment attractiveness development of a sector-specific region and to substantiate mid-term strategic development priorities of Khanty-Mansi Autonomous Okrug – Yugra. The authors developed a group of activities, aimed at innovative development and hi-tech support has been developed. DOI: 10.5901/mjss.2015.v6n3p221
Highlights
Present-day economic realities which reflect intense political nature of modern economic affairs in the world force regions’ and countries’ leaders to search for more effective ways to attract investors to their governorships by means of promotion and development of the investment attractiveness of the region.In terms of economical instability and sanctions applied a special importance is given to regions that are able to promptly reorganize their economies to develop resource potential which is capable of providing population with ownproduced goods and services
Due to recent geopolitical developments Khanty-Mansi Autonomous Okrug – Yugra has faced new tasks and objectives which are meant to maintain high standard of human well-being based on balanced sustainable economic development, import substitution of goods, labour and services
With all that in terms of sector-specific economic development the increase of investment attractiveness of the region will promote an economic diversity, and the government support for the development of the investment attractiveness will play a key role in this case
Summary
In terms of economical instability and sanctions applied a special importance is given to regions that are able to promptly reorganize their economies to develop resource potential which is capable of providing population with ownproduced goods and services. The investment attractiveness is susceptible the most to innovation development, introduction of new goods, their manufacturing technology and consumer promotion technology. An improvement of the quality of life of Yugra population depends directly on the investment attractiveness of the region and both internal and external investments. With all that in terms of sector-specific economic development the increase of investment attractiveness of the region will promote an economic diversity, and the government support for the development of the investment attractiveness will play a key role in this case
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