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Construction of a European-class recreational complex in an ecologically pure area on the coast of the Caspian Sea

The Swiss company in- vestcom aG has proposed building a three-star hotel on the coast of the caspi- an Sea in Dagestan. The fu- ture site of the hotel is com- posed of 42 hectares and is located on the western coast of the caspian Sea. The

President of the Republic of Dagestan, Muhu aliev, and the plenipotentiary of investcom aG in the Rus- sian Federation, a. Trifonov, signed the investment agree- ment during the Viii inter- national investment Forum Sochi-2009.

The amount of invest- ments under the project is ex- pected to come to 10 billion rubles (about US $34.5 mil- lion). The project will be built in the karabudahkentsky re- gion on the Turali-kolichi investment site and will in- volve public-private partner-

Vladimir Putin, Dmitry Kozak, Muhu Aliev, Elvira Nabiullina and others view an exposition of Dagestan

Muhu Aliev and A. Trifonov signing the agreement

ships. The engineering infra- structure of the project will be provided by the Southern Russia in 2008-2012 federal target program.

The building plan includes the construction of hotels, cafes, restaurants, shops, fit- ness centers, spas, night clubs, and a yacht club. The region is popular among yachting fans, and the proposed con- struction of a yacht club will undoubtedly stir interest among them. The project will also include a business center. hotel rooms will be equipped with all necessary telecom- munications. in addition to the aforementioned, the fol- lowing services will be pro- vided: saunas, tanning beds, six lanes of bowling, six bil- liard tables, shops, a confer- ence hall, and a tennis club. The world famous Rezidor hotel Group will likely man- age the hotel.

There is an airport and the caucasus federal highway near the site.

The austrian company Strabag Se has been pro- posed as the general contrac- tor for the construction of the hotel complex. This com- pany is the lead provider of building services in the euro- pean market.

This project, as the Re- public of Dagestan's best project in the sphere of tour- ism, was nominated for Best investment Project in the in- ternational leaders of the Tourism industry 2009 com- petition. according to pre- liminary data, the project has a good chance of winning. competition results will be announced on November 26.

in addition to this proj- ect, a number of prospec- tive investment projects in Dagestan in the tourist-recre- ational sphere have been pro- posed. We are open to coop- eration and ready to consider any interesting offers.

International Life Magazine



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