Tashkent: The Egyptian company Arab Nihol Investors has expressed interest in building a tourist complex worth US$100 million in Samarkand region.
At a meeting with the founder of the Uzbek-Egyptian joint venture Arab Nihol Investors, entrepreneur Ahmed Zeidan at the Uzbekistan Embassy in Cairo, details of the implementation of the project of a tourist complex on an area of 42 hectares in Urgut district were discussed.
The investment project involves implementation in three stages: the first stage includes the construction of a cable car worth US$18 million, the second – the construction of a hotel with 100 rooms for US$32 million, the third – the creation of a sanatorium for 100 beds for US$50 million.
The project is expected to create 500 permanent jobs. For its full implementation, it is necessary to attract another 1000 hectares of land. In this context, it is planned to attract foreign investors, including representatives of Egypt and Oman.
