Organizing EXPO-2017 in Kazakhstan to cost around $3 billion

Organizing EXPO-2017 in Kazakhstan to cost around $3 billion

Baku, Azerbaijan, July 21

By Elena Kosolapova - Trend:

The organization of the international exhibition EXPO-2017, which will be held in Kazakh capital in 2017, will cost about $3 billion, Chairman of the Board of Astana EXPO-2017 National Company Talgat Yermegiyayev told Forbes.kz in an interview.

"Local construction companies such as BI Group Holding, Basis-A Corporation and SredAzElektroMontazh will invest over $500 million. These and other investors will build residential and commercial areas of the complex, entertainment and business centers, car service and a sales center. We are currently negotiating with several other companies," Yermegiyayev sid.

The companies engaged in designing and construction of EXPO facilities will have tax benefits according to the law, he said.

"I guarantee that the project will be paid back - Yermegiyaev said. "Talking that the exhibition will not pay off is only speculation, unsupported by any facts," he said.

He noted that the payback primarily depends on the use of exhibition's objects after the exhibition.

"The President [Nursulatan Nazarbayev] has set the task to use every square meter, and we consider all these points at the design stage. For example, we leave special gaps in the walls in the eight-meters high halls in order to rebuild them into standard offices after the exhibition," Yermegiyaev said.

Money for the object reconstruction after the exhibition has been envisaged, he said.

EXPO-2017 will take place in June-September 2017 in Astana. Around 2-3 million people from more than 100 countries and 10 international organizations are expected to visit the exhibition.

The pavilions of the exhibition are scheduled to take some 25 hectares of space. Future Energy will be the exhibition's main topic.

Edited by T.T.

UNEC hosts international conference on "Azerbaijan's Albanian Christian heritage - Khudaveng monastery” (PHOTO)
UNEC hosts international conference on "Azerbaijan's Albanian Christian heritage - Khudaveng monastery” (PHOTO)
India’s role in combating COVID-19 through vaccine development and manufacturing
India’s role in combating COVID-19 through vaccine development and manufacturing
Nar offers special discounts for Karabagh war veterans
Nar offers special discounts for Karabagh war veterans
Loading Bars
Latest
OSCE Center in Ashgabat opens tender for architectural, engineering services
Georgia opens new COVID-19 clinic
Export Price Index up in Georgia
Geostat reveals producer price indices for services in Georgia
Kazakhstan sets up priorities for energy sector dev't in 2021
Required volume of cotton harvesting in Turkmenistan announced
Iran CBI Governor to visit Oman
German exporters more upbeat, sentiment hits highest since October
Azerbaijan's real estate market recovering after softened quarantine - expert
Iran's exports shrink
Iran reveals details of its imports
Azerbaijan continues demining of its liberated territories - MoD
Germany backs EU export restrictions on vaccine after supply cuts
Uzbek agro-industrial agency announces tender for well construction
Chairman of Azerbaijan's Azercosmos dismissed
Azerbaijan appoints new minister of transport, communications and high technologies
Azerbaijani president signs decree to dismiss minister of transport, communications
Georgia reports 1,006 new cases of coronavirus on Jan. 26
Azerbaijan restricts import of poultry products from several countries
Iran boosts exports of fishery products
Kazakhstan introducing new technologies to develop energy sector
New well opened at gas condensate field in Uzbekistan’s Kashkadarya region
Uzbekneftegaz expands production capacity of Shurtan gas chemical complex
Turkmenistan developing electronic platform for textile industry
Number of killed soldiers given to Armenian side by Azerbaijan disclosed
Iran unveils data of exports and imports via Bushehr port
Turkish investments in Azerbaijan's Karabakh to favor opening new jobs - expert
Exports through Iran's Isfahan Province decreases
French MFA's Secretary of State visits Azerbaijan (PHOTO)
Geostat reveals volume of inflation rate in Georgia
Dostlug project is precedent for potential interconnections in Caspian Sea
Kazakhstan prepares 4-year national development plan
Turkmenistan preparing program for dev’t of digital economy for coming years
Prices for Azerbaijani oil revealed
Georgia’s economy to continue to shrink in first quarter of 2021 - ISET-PI
Uzbekistan, Japan talk about strengthening multifaceted partnership
SOCAR names measures to adapt to COVID-19 challenges
Azerbaijan shows footage from Karkhulu village of Jabrayil district (PHOTO/VIDEO)
UK jobless rate rises to highest since 2016
Kazakhstan boosts exports to Belgium despite COVID-related restrictions
Kazakhstan sees decrease in trade with EU countries amid COVID-19
Inflation rate increasing in Iran
Azerbaijani currency rates for Jan.26
Ukrainian company to repair gas generator engines at Uzbekneftegaz JSC
Azerbaijan exporting ecoproducts to Qatar
SOCAR talks on prospects for engagement in liberated lands
Saudi Arabia agrees on further steps to modernize national electric power system of Uzbekistan
Saudi Arabia eyes setting up investment companies and microfinance organizations in Uzbekistan
Iranian currency rates for January 26
Кazakh Electricity Grid Operating Company to buy spares via tender
Turkmenistan's Turkmenturba opens tender for purchase of chemical products
Kazakhstan’s Volkovgeology JSC exploring venture opens tender to buy accumulators
JP Morgan expects non-OPEC oil supply to grow in 2022
ITFC announces launching of 2nd phase of Aid for Trade Initiative for Arab States in June 2021 to Mitigate Effects of COVID-19 on Trade in Arab Region
Amount of fee transfers to Azerbaijan's 2020 state budget disclosed
Turkmen spinning mill sends most of its products for export
Iran shares data on steel sheet rates
Azerbaijan to create Karabakh development model - Center for Analysis of Economic Reforms
Uzbekistan reveals COVID-19 data for January 26
Oil shortage unlikely in medium-to-long term
Global oil demand to peak in around 2030
US to reach highest monthly total of wells franked after March 2020
Iran investigating case of seized tanker - Oil Minister
South Korea yet to pay its debt to Iran - Iran-South Korea Joint Chamber of Commerce
Azerbaijan preparing action plan for development of renewable energy sources in Karabakh
Oil drops as U.S. stimulus wrangles, rising COVID-19 cases hit sentiment
Iranian FM discusses impact of FATF related bills issues on economy
Weekly review of Georgian capital markets
Total volume of non-bank deposits in Georgian banking sector up
Chinese mainland reports 69 new locally transmitted COVID-19 cases
China, New Zealand sign upgrading protocol of free trade deal
Italy sends warning letter to Pfizer over COVID vaccine delays
U.S. House delivers Trump impeachment article to Senate
Uzbekistan, India working on bilateral investment treaty
Brazil sees 627 COVID-19 deaths in a day
France registers 445 COVID-19 deaths over past 24 hours, hospitalizations up again
Protest clashes injure 8 in Lebanon's northern city of Tripoli
Kazakhstan improving forecast power sector showings for 2021
Italy says G20 to discuss extension of debt relief for poor countries
Merkel and Biden agree in phone call to strengthen transatlantic cooperation
U.S. Senate votes overwhelmingly to confirm Yellen as first female Treasury chief
Canada's COVID-19 cases surpass 750,000
Number of COVID-2019 cases across globe up by over 514,000 in past day
UN chief calls for developing global economy with universal respect for int'l law
Israel reports 8,664 new COVID-19 cases, 605,397 in total
Body of one person recovered from rubble of destroyed house in Azerbaijan's Khirdalan (PHOTO/VIDEO) (UPDATE)
At least 21 dead, 33 injured in southern Brazil bus accident
Georgia's economy focuses on higher value added sectors
Italy PM Conte to resign on Tuesday, seek fresh mandate
6.5M more doses from China add pace to Turkey's vaccination drive
Flydubai, Air Arabia to resume flights to Georgia
Iran's exports to EEC member states increase
Assistant to Azerbaijani president talks new architecture of regional security in interview to Atlantic Council (VIDEO)
India eyes to study Kyrgyz medicinal plants, create their catalog
Kazakhstan boosts petroleum oils export to EU countries
UK records another 22,195 coronavirus cases, 592 deaths
National Bank of Kazakhstan discloses base rate
Role of innovations in development of digital payments in Azerbaijan during pandemic
PACE welcomed trilateral statement putting end to Second Karabakh war - Secretary General of Council of Europe
Azerbaijani Cabinet of Ministers determines priorities for 2021 upon president’s instructions (PHOTO)
All news