An international hotel chain to build a hotel in Uralsk
A hotel by Intercontinental Hotel Group will be built in Uralsk. Local businessmen plan to implement this project with the support of KAZAKH INVEST.
Construction of the hotel is scheduled to start early this year. The hotel will be launched by the end of 2023. The total investment is about 8.3 billion tenge.
Notably, the main tourist flow in West Kazakhstan region consists of the representatives of business and professional circles accounting for about 70% of the total number of tourists. The implementation of the project will improve the region’s key economic indicators, including employment, number of hotel rooms and budget revenues.
It is worth noting that during the construction period, investors plan to create about 80 jobs and up to 160 permanent jobs after the launch.
To date, KAZAKH INVEST project pipeline comprises 4 projects worth about $1.5 billion in West Kazakhstan region. Of these, 3 projects are implemented in the field of gas and petrochemistry and 1 project in the field of real estate.