Almaty plans to attract $1B for mountain tourism development

Business Materials 20 February 2019 12:46 (UTC +04:00)

Baku, Azerbaijan, Feb. 20

By Rashid Shirinov – Trend:

The administration of the Kazakh city of Almaty intends to attract $1 billion of private investment in the development of mountain locations of Almaty agglomeration, Trend reports via Kazakh media.

"Together with Austrian and French experts, a master plan of mountain locations of Almaty agglomeration was developed. Its implementation will allow attracting $1 billion of private investment, create 200 kilometers of ski runs and about 30,000 new jobs at the facilities, as well as about 45,000 jobs in related industries," said the Mayor of Almaty Bauyrzhan Baibek.

He also stressed that a systemic basis for the development of tourism is being created.

"Tourism makes up every 10th job in the world, more than 10 percent of world GDP and 6.5 percent of export revenues," said Baibek.

Almaty, in turn, plans to increase the share of tourism and related services to 6 percent in the gross regional product by 2025.


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