On the whole, NAO's main competitive advantages in terms of investment appeal include:
Opportunities for tourism development:
natural reserves and history and nature museums
ecological security of tourism, including extreme tourism
Favorable geographical location: the northern coast of the European Area of the Russian Federation, close to the Northern Sea Route.
Vast resources and deposits of:
hydrocarbon, ready for exploitation but so far not intensively exploited,
as well as other mineral resources, including non-ferrous and precious metals.
Vast fish, plant and animal resources.
Guaranteed business security and support, provided by the state and local authorities.
A stable social and political situation.