Pryamichkin V.A. Implementation of Construction Projects as a Factor in Development of the Regional Investment Process

Valentin A. Pryamichkin
Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation

Abstract. The relevance of the topic under consideration is determined by the fact that research questions related to the implementation of construction projects, which are factors in the development of the regional investment process, require a comprehensive approach to their study, as this process is an integral part of the region’s investment subsystem. A statistical analysis method was applied to examine a dataset comprising investment in fixed capital by types of fixed assets in the Russian Federation, the volume of works performed in the economic activity sector “Construction,” and the bringing into service of buildings in Russian regions, including residential and nonresidential buildings, healthcare facilities, educational buildings, and commercial and industrial structures. A theoretical justification for the researched topic was provided.A theoretical justification for the researched topic was provided. A theoretical justification for the researched topic was provided. During the research, the author’s interpretation of the definition of “construction project” was made more precise. The regional investment policy and its components were examined, including the key factors influencing the investment climate in the regions. The author identified five key factors affecting the development of the regional investment process and outlined the effects of implementing construction projects for regional development. Key prospects and outcomes from the implementation of development projects in the regions were shown, as well as certain aspects of the construction industry’s development. It was concluded that the implementation of construction projects is one of the most important factors in the development of the regional investment process.

Key words: construction projects, regional investment process, investment in fixed capital, regional investment attractiveness, regional competitiveness.

Citation. Pryamichkin V.A., 2026. Implementation of Construction Projects as a Factor in Development of the Regional Investment Process. Regionalnaya ekonomika. Yug Rossii [Regional Economy. South of Russia], vol. 14, no. 2, pp. 121-133. (in Russian). DOI: https://doi.org/10.15688/re.volsu.2026.2.11

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