The largest aviation holding in Russia, S7 Group, is developing new areas of activity in the north of Russia. In Murmansk, it will restore the oldest shipbuilding yard in the city, which once serviced civilian ships and the Ministry of Defense's vessels.

As reported on his Telegram channel by the governor of the Murmansk region, Andrey Chibis, a deal between S7 Group and the regional government about this was signed on the eve with the board of directors chairman Yevgeny Elin.

The staffing will be handled by the local Murmansk Arctic University. The investor will provide a computer classroom for future MAU engineers.

Moreover, S7 Group in the Murmansk region will invest in other projects, specifically, in the cultural-business center 'New Murmansk'. It was meant to be opened on the grounds of the former shipbuilding yard. But now the strategically important yard will be again functioning, and the cultural-business center will be moved to another location.

The 6.5 ha territory of the yard, which now belongs to S7 Group, was formerly owned by Murmansk shipbuilding yard of the marine fleet. According to publicly available sources, the company ceased to exist in 2019.

Why is Murmansk's shipbuilding yard important?

The yard in the center of Murmansk serviced all types of ships of all classes and purposes: from civilian ships to Ministry of Defense vessels. For one hundred years of existence - since 1917 - it has established a complete cycle of ship repair infrastructure: from hulls to ship furniture and parts production.

The yard's assets included its own mechanical, hull, electrical, paint, and woodwork shops. In the foundry and blacksmithing areas, parts of complex shapes were made from cast iron, steel and bronze.

In addition, the yard's assets included three docks for ships from 6 to 30 tons, five deep-water berths with all engineering communications, its own metrological service, chemical-analytical and mechanical-technological laboratories.