Major tourist facility to open next year in Aktau, other investment projects to launch this year

NUR-SULTAN – Turkey’s Sembol Construction will build a 600-room resort on the Caspian Sea coast in Aktau, said Kazakh Prime Minister Askar Mamin May 31 during the ceremony to lay the foundation stone at the site.

The facility, with a heated swimming pool, children’s water park, golf zone, casino, football field, tennis court, villas and congress hall, will begin operating in July 2020. The resort will create approximately 2,000 jobs.

“This is the first step in the implementation of the state programme on tourism development. The first stage of construction will be implemented on 16 hectares of land along a three-kilometre coastline. Due to this project, the Mangistau Region will change for the better. I believe this facility will attract tourists,” Minister of Culture and Sports Arystanbek Mukhamediuly wrote on Facebook.

The Caspian Sea coast is among Kazakhstan’s top ten priority tourist areas, according to the tourism state programme. The region intends to attract investment to construct 45 hotels.

Mangistau has also started work to provide engineering infrastructure for the sea’s embankment zone. The tourism coastline will extend 63 kilometres.

“(First President) Nursultan Nazarbayev has paid special attention to the development of the Mangistau region. The infrastructure projects, launched as part of the Nurly Zhol programme, contributed to the development of transit and export potential of the country,” said Mamin.

Industry, transport, logistics and tourism are the region’s priority areas, he added.

Industrial production was 943 billion tenge (US$2 billion) in the four-month period. Investments in fixed assets were 121.8 billion tenge (US$320 million). Overall, the investment portfolio includes 44 investment projects worth 1.6 trillion tenge (US$4 billion). Twenty-two projects worth 67 billion tenge (US$175 million) will be launched this year.

President Kassym-Jomart Tokayev has set the task of implementing a comprehensive plan for Mangystau region’s Zhanaozen’s socio-economic development until 2025. The plan would create 16,300 jobs.

A methanol and olefin production plant will be built in the Aktau Seaport special economic zone. The facility will process gas into methanol and further components that will help produce more than 40 items. The project is aimed at import substitution and more than $1.8 billion has been invested.

Projects with foreign investor participation include constructing a multifunctional logistics centre, desalination plant and facility producing caustic soda and hydrochloric acid.