Services

The centre will offer its services to residents and guests of the East Kazakhstan region, as well as foreign tourists. At full design capacity, with 400 hotel rooms, it is planned to serve more than 70,000 visitors per year. The centre plans to provide clients with accommodation services (hotels and lodges), restaurant complex services, wellness treatments, ATV and snowmobile rentals, as well as a ski complex for up to 12,000 visitors per year.

Project

There are plans to build a wellness centre on the shores of Lake Markakol. Markakol Lake in the Eastern Kazakhstan region. The centre will provide a wide range of travel services for family and active recreation, adult recreation, as well as wellness, corporate and sports recreation. The project will be implemented on 20 hectares of land for the construction of hotels and guesthouses, as well as a ski base, located near the village of Urunhaika, 90 km from Katon-Karagai. The centre will also feature a restaurant, an indoor water park with three pools, a SPA, a gym and a tennis court.

Initiator

The initiator of the project is the Akimat of the East Kazakhstan region.

Market

• According to Kazakh Tourism, in 2021 Kazakhstan will rank 66th out of 117 countries in the World Travel and Tourism Development Index, ahead of Montenegro (67), Morocco (71) and Kyrgyzstan (90). According to Marketline forecasts, the value of Kazakhstan's tourism market will reach $16.7 billion by 2027, an increase of 49% compared to 2022. 
• The Katon-Karagai and Markakol resort area (Eastern Kazakhstan region) is one of the most popular resort areas in the Republic of Kazakhstan, with a cumulative average annual growth rate of 18% in the number of visitors between 2017 and 2022.

Investment attractiveness of the project:

• The amount of investments – 6 443 mln. tenge
• NPV of the Project – 2 565 mln. tenge
• IRR – 22,7% 
• Payback period – 6.11 years
• Discounted payback period – 10.55 years

What is the attractiveness of the project?

• According to Kazakh Tourism, in 2021 Kazakhstan will rank 66th out of 117 countries in the World Travel and Tourism Development Index, ahead of Montenegro (67), Morocco (71) and Kyrgyzstan (90). According to Marketline forecasts, the value of Kazakhstan's tourism market will reach 8,321 mlrd. tenge by 2027, an increase of 49% compared to 2022. 
• The Katon-Karagai and Markakol resort area (Eastern Kazakhstan region) is one of the most popular resort areas in the Republic of Kazakhstan, with a cumulative average annual growth rate of 18% in the number of visitors between 2017 and 2022.

nvestment proposal

The project requires financing in the amount of 6 443 mln. tenge, including 

80% (5 154 mln. tenge) - participation of investors

20% (1 288 mln. tenge) - SEC participation. 

The proposed financing structure and state support measures are indicative, the final structure of financing and participation in the project will be determined based on the results of joint negotiations with the investor.