In 2024, the North Caucasian Federal District attracted 1.2 trillion roubles in direct investment — 6.3% more than the previous year. Private capital accounted for over half of this total. These figures confirm that the region is entering a phase of sustained investment growth, according to Lev Mazaraki, head of the Stylobat industrial and investment group.
At the 2025 Caucasus Investment Forum, agreements worth 206 billion roubles were signed — a record for the event’s entire history. For business, this is a signal that the Caucasus has ceased to be a niche destination and has become a fully fledged magnet for capital.
The economic figures bear this out: industrial output in the district rose by 5.4% in 2024, wholesale trade by 11%, and new housing completions exceeded 9 million sq m (up 23% over the year). The region’s population has reached 10.3 million, generating steady demand for housing, infrastructure and services.
The principal focus of private investment is tourism. The development of the Arkhyz, Elbrus, Mamison and Veduchi resorts, along with a coastal cluster on the Caspian Sea, is shaping a new tourist map of the country. In 2024, the region’s special economic zones attracted 67.5 billion roubles — twice as much as the previous year.
The second strategic priority is logistics. The development of the International North–South Transport Corridor reinforces the Caucasus’s role as a transit hub between Russia, Asia and the Middle East, stimulating growth in industry, agriculture and the service sector.
The agro-industrial complex remains one of the pillars of the district’s economy, accounting for around 16% of its gross regional product. The region is fully self-sufficient in staple foods and continues to expand its export potential.
“We see the North Caucasus as a territory for long-term investment — not only in commercial projects, but also in the urban, social and cultural environment. It is precisely this comprehensive development that makes the region resilient and attractive to capital,” notes Lev Mazaraki, head of the Stylobat investment and industrial group.
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