Investments in fixed capital in the Nizhny Novgorod Region grow for the Eighth Consecutive Year

Investments in fixed capital in the Nizhny Novgorod Region have been growing for the eighth consecutive year. In comparable prices, this indicator has increased by 76.7% compared to 2016 levels.

“We are working hard to make the Nizhny Novgorod Region an attractive place for business investments, while ensuring that residents benefit from new production facilities through jobs and essential products. It is valuable that many investors are actively involved not only in implementing their projects but also in transforming our region,” said Gleb Nikitin, Governor of the Nizhny Novgorod Region.

The highest growth rates over the past eight years have been recorded in manufacturing (2.6x), transportation (1.6x), education (7.5x), science (1.3x), trade (1.3x), electric power (2x), culture and sports (1.7x), and hotels and catering (3.7x).

Over the past four years, since the post-pandemic period, investments have grown by 37.5%, with a 1.8% increase in 2024 in comparable prices, reaching 728.2 billion rubles.

“We have managed to maintain positive investment growth dynamics despite the high benchmarks of 2023 and tight monetary policies. Private investments, which grew by 1.3x compared to 2023 levels, have been a key driver. Importantly, our region is seeing growth across all major economic indicators: GRP, industrial production index, and investment volume,” said Egor Polyakov, Deputy Governor of the Nizhny Novgorod Region.

Significant growth in 2024 was observed in manufacturing (+36.3%), metallurgy (1.3x compared to 2023), motor vehicle and transport equipment production (nearly 2x), fabricated metal products (1.5x), petroleum products (+16.6%), and computers, electronics, and optical products (+11.1%).

“Territories with preferential tax regimes have made a significant contribution to the economy, particularly its real sector: the ‘Kulibin’ Special Economic Zone, advanced development territories in Volodarsk, Reshetikha, and Sarov, and the ‘Quantum Valley’ Innovation and Technology Center. We expect these territories to continue strengthening their importance in the coming five years, given the region’s efforts. For example, in 2024, we began developing infrastructure on the state-owned site of the SEZ, submitted an application for its expansion, and found new partners for developing plots in the Innovation and Technology Center,” said Andrei Sanosyan, Deputy Governor of the Nizhny Novgorod Region.

The Nizhny Novgorod Region has actively worked to improve its investment climate, climbing 68 positions in the National Investment Climate Rating compiled by the Agency for Strategic Initiatives (ASI) over the past six years, now ranking second in the country.

Since 2025, efforts to support investment activity have become part of the national project “Efficient and Competitive Economy,” implemented under the directive of Russian President Vladimir Putin.