Industry

Industry is a leading sector in the Crimean economy. Its contribution to the gross regional product is almost 18%, and over 65 thousand people work at plants in the region.
Average annual industrial growth – 8.5% Over 2,300 large-scale, medium and small-sized business entities operate in the region.
Most of them are concentrated in the central part and in the cities and towns of the Northern and Western Crimea.
Key subsectors: chemicals, food processing, machine building, shipbuilding, production and distribution of electric power, gas and water. Among the largest chemical factories it is necessary to distinguish Soda Crimea Plant, BROM, Krymplast, and Crimean Titan.

Production of electric and electronic machinery, radio and teledevices, communication tools, optical and navigation devices are the main areas of the machine-building plants in the Republic.
The largest of which are Phiolent plant and Firm Selma, electric machine-building plant.
The total number of plants in the industry is over 50.
Shipbuilding yards: Zaliv and More are the largest yards operating in this sector. Crimean shipbuilding yards are known for production of supertankers, frigates, air-cushioned crafts, transport ships and shiprepairing services.

Over the recent years the range of construction products in the Republic of Crimea has expanded. Development of construction is the guaranteed target market for construction material manufacturers, which makes this area attractive for investment.
In addition, for improvement of investment climate in the industrial sector, two industrial parks: Bakhchysarai and Feodosia are created in Crimea.
In 2017 the state support amounting to over RUB 51 million was provided to 11 industrial enterprises, which allowed for re-equipment and improvement of competitive positions of Crimean manufacturers.
The governmental program "Development of the Industrial Sector in 2018-2020" has been implemented since 2018. 300 construction projects, the investment amount on which is over RUB 80 billion, are being implemented in the Republic of Crimea.
Two major facilities – the Crimean Bridge and Simferopol International Airport – have been erected within a short time.

Investment priorities:
  • machine building, including shipbuilding
  • consumer goods
  • metallurgical production and finished metal products
  • production of construction materials