A cooperation agreement on the construction of Kenderli in the Mangystau region was signed between the Samruk Kazyna National Welfare Fund and the Rixos Group on Aug. 20 during negotiations organised by the Kazakhstan Ministry for Investment and Development. Plans and financing to build two hotels (four and five stars), an aquapark and several cottages are now under development.
When construction is completed on the full resort, it will include 20 hotels, 8,000 villas and cottages for 40,000 guests. Investments are expected to exceed $3 billion. According to approximations, Kenderli resort may attract 640,000 tourists by the end of 2020. The project is aimed at foreign visitors – 70 percent are expected to be foreigners and 30 percent locals; 54,000 jobs will be created. Annual profit is expected to reach $800 million.
As part of the United Nations Green Bridge initiative, construction will be carried out in accordance with the highest standards of fourth generation resorts and will incorporate sustainable elements.
The akimat (regional government) of the Mangystau region is now developing transportation related infrustructure for the resort. Technical and economic assessments, as well as design estimates have already been created for several tourism projects in the region. Construction of Kenderli International Airport has also been approved.
Kenderli is located 210 kilometres away from the city of Aktau on the Caspian seashore. Kenderli was given status as a national project under Kazakhstan’s 2020 Tourism Development Concept.