Services

• The hotel has 70 rooms.
• Other services – ski school, equipment rental, Alpine Costerrides attractions, etc.

Project

This investment project (hereinafter referred to as the "Project") envisages the construction of a ski resort in the Katon-Karagai district of the Eastern Kazakhstan region. The 310 hectare land plot on which the Project is planned to be implemented is located 340 km from the city of Oskemen, and the expected length of the ski slopes at different levels is 37.5 km, with a capacity of up to 5,000 people per day. The project includes the installation and construction of 3 cable cars, the installation of 5 lifts and the construction of a 70 room hotel. There will also be a restaurant and 4 cafes, a medical centre, shops, a ski school and attractions.

Initiator

The project was initiated by the Akimat of the East Kazakhstan region.

Market

• In 2016-2019, the number of domestic tourists in the Republic of Kazakhstan increased at an average annual growth rate of 12.7%. In 2020, the number of domestic tourists exceeded the number of outbound tourists by two times. In 2016-2019, the number of incoming tourists grew steadily, with an average annual growth rate of 9.4% over the period. Moreover, the number of countries whose citizens can enter Kazakhstan without a visa is increasing every year.
• In 2020, the expenditure of Kazakhstanis on domestic and outbound tourism amounted to about 397 billion tenge, of which about 291 billion tenge (73% of the total expenditure) was spent within the Republic of Kazakhstan.

Investment attractiveness of the project:

 The amount of investments is 48 899 mln. tenge

NPV -9 900 mln. tenge

IRR -13.6% 

The payback period of the Project is 8.8 years

What is the attractiveness of the project?

• All year round. The unique mountainous terrain makes the location attractive for year-round activities, including hotel accommodation, sports, eco-tourism, mountain trekking and other types of recreation (snowmobile tours, outdoor swimming pool, horse riding, hiking and SPA). 
• Unique location. Kazakhstan is geographically close to countries with a high level of international tourism, which makes it possible to increase the level of inbound tourism from these countries. The site is located within a 5 hour drive from the city of Oskemen. Once operational, the investor will be the only provider of mid-priced tourism services in a unique mountainous area.

Investment proposal

The Project will require financing in the amount of 48 899 mln. tenge, of which 

70% (34 080 mln. tenge) - debt financing (if security is available); 

30% (14 669 mln. tenge) - investor equity. 

The proposed financing structure and government 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.