Russia's SnowService intends to invest $300mn in building a mountain resort in the vicinity of the southern Uzbekistan district level city of Shakhrisabz, the regional administration has announced.
The mayor of Kashkadarya region, Murodjon Azimov, held discussions with the company and Gordeev architectural bureau on creating a resort that would extend over an area of 2,600 hectares by the village of Gelon.
The first project phase is set for commissioning by December 2026.
The project is to include three cable cars, three and five-star hotels, multi-storey parking lots, a zipline, a rodelbahn and other tourist facilities.
On November 28, Uzbekistan approved initiatives to create two tourist zones in Kashkadarya region.
The first will be the Shakhrisabz tourist centre. The government plans to establish hotels, guest houses, health and shopping, entertainment facilities and other facilities on a territory of 240 hectares.
Another tourist zone, with an area of 58.6 hectares, is to be created in Kamashi district. The Maydanak-Vysokogorny tourist centre will include a hotel and sanatorium, a cable car, a ski complex and various other tourist infrastructure facilities.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Iran pushes farm-trade pivot to EEU as US blockade squeezes Gulf ports
The Islamic Republic of Iran wants to widen agricultural trade and joint investment with Eurasian Economic Union (EEU) states, a deputy agriculture minister told the bloc's farm-policy council ... more
Eurasian Development Bank receives first-time Ag credit rating from CCXAP
The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable ... more
Uzbekistan's Mirziyoyev heads to Minsk as Lukashenko widens his diplomatic circle
Shavkat Mirziyoyev, Uzbekistan's president, began a two-day official visit to Belarus on July 7 at the invitation of Alexander Lukashenko, in the latest sign of Minsk's push to broaden its ... more