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01/23/08

Kazakhstan to spend $2.5 bl on tourism infrastructure projects


Kazakh Ministry of Tourism and Sports selected 24 investment projects aimed at the development of tourism infrastructure with total cost of $2.5 bl, head of the Ministry’s industry department, Mr. Yugeniy Nikitinskiy, said.

Category: General
Posted by: admin

"In total we have 99 investment projects for tourism infrastructure development in our database. Only 24 of them were given a priority status and submitted to Kazyna Sustainable Development Fund as eligible for state funding. They are estimated at $2.5 bl," he said at the Ministry late last week in Astana.

Nikitinskiy also updated the Ministry on priority tourism developments. He said that the auction for designing the Zhan Ile international tourist center on the Kapshagai shore had been announced and the talks are underway with investors from China, Hong Kong and South Korea.

He also touched upon the progress in legislative work and design documentation for Burabai zone in the Borovoye resort and the Kenderli resort on the Caspian Sea. According to Nikitinskiy, over 100 potential investors from Asia and Europe and Middle East would be invited to participate in the latter project.