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Tourism 27/10/2019 Investment proposals for the development of tourism in the Republic of Karakalpakstan
Investment proposals for the development of tourism in the Republic of Karakalpakstan

Tashkent, Uzbekistan (UzDaily.com) - The Agency for Attracting Foreign Investment placed 2 investment offers in the tourism sector on the Investment Portal scheduled for implementation in the Republic of Karakalpakstan: this is the creation of a tourist complex on Lake Akchakul and a special eco-tourist complex on Lake Sudochye with the creation birdwatching points (popularization of birdwatching).

The projects are aimed at revealing the potential opportunities of the Republic of Karakalpakstan for a wide range of investors, stimulating economic growth and providing employment, popularizing the region as a new tourist destination, as well as in order to maintain ecological balance and preserve unique biodiversity.

The initiator of the creation of the complex on Lake Akchakul is the khokimiyat of Ellikkalinsky district, and the investment project on the lake Sudochye of the State Unitary Enterprise “Muynak Akva Sanoat” together with the khokimiyat of Muynak region.

According to the investment project, it is planned to build a hotel complex and yurts, a beach recreation area, theme parks and restaurants, organization of water attractions (water scooters, catamarans, yachts, boats, water trampolines) and a sports complex (beach soccer, volleyball, tennis and bike rental).

The territory of the complex planned for sale is about 5 hectares, with the possibility of servicing up to 50-60 thousand people a year. The total project cost is estimated at US$2 million, including construction and installation works, the purchase of necessary equipment and other expenses. The projected payback period of the project is from 4-5 years. Detailed information on the investment proposal is available here.

To implement the project on the shore of Lake Sudochye in Muynak region, it is necessary to attract 70 thousand dollars. Moreover, the total cost of the project is 83 thousand dollars, where the rest of the costs are borne by the project initiators. As part of the investment proposal, it is planned to create places for overnight and catering, the purchase of vehicles (ATVs and boats) and the installation of a mini-solar power station.

The construction of the necessary infrastructure will take about 3 months from the moment of attracting the full amount of investment. It is planned that the project will allow serving from 9-10 thousand tourists a year. According to the calculations of the initiators, the project payback point can reach 2 years after the launch.

Sudochye lakes system is located on the West Asian migration flow of many species of migratory birds. In recent years, ornithologists have been observing a unique sight: the arrival of large colonies of pink flamingos for the purpose of nesting in the lake. At present, the Sudochye ornithological reserve has been created on the territory of the reservoir.

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