The Capital of Arctic Advanced Development Territory was established in May 2020 MURMANSK, May 17. /TASS/. Total investments by the Capital of Arctic Advance Development Territory’s residents reached 55 billion rubles ($745 million) within its first year, the Murmansk Region’s government said referring to Russia’s Minister for Development of the Arctic and Far East Alexei Chekunkov. "The investments under signed agreements - almost 55 billion rubles ($745 million) already - are a big step forward," he said during a meeting devoted to the advance-development territory’s first year. The ministry will continue to support every resident, he added. "In addition to new 367 jobs we have received 2 billion rubles ( $27 million) in taxes, which is a big effect for the region from the projects, which implementation continues or where construction is underway," the Murmansk Region’s Governor Andrei Chibis said.