Investment Projects

Construction of the sanatorium-improving complex "Nur"

  • Indicator Results
  • Investment amount, thousand US dollars 20 300
  • NPV of the Project thousand, US dollars 12 142
  • IRR, % 31,5%
  • EBITDA yield, %
  • Payback period, years 4,95
  • Discounted payback period, years - - 7,37

Products

Upon reaching full design capacity in 2027, the number of rooms will be 156 standard rooms, 4 deluxe rooms with an annual service of up to 42,340 visitors. The complex also provides the following services: swimming pool, sauna, spa treatments, restaurant, doctor's appointments, diagnostic tests, treatment procedures and medical services. The complex will offer its services to residents and guests of the Mangistau region, as well as tourists from border (Russia, Uzbekistan, Azerbaijan) and distant countries.

Project

The project provides for the construction of a sanatorium-improving complex "Nur" with rehabilitation departments in the city of Aktau, Mangistau region on a land plot of 5.4 hectares, 50 meters from the coastline of the Caspian Sea.

The wellness complex for 240 people consists of dormitory buildings, administrative and amenity premises, a treatment department, a dining room and an event hall, a swimming pool and a spa center. It also provides for the construction of playgrounds for basketball, mini-football, gyms, walking alleys and parking for cars.

The initiator conducted laboratory studies of the beneficial properties of the natural spring Aksha Kudyk with mineral water. The Nesibek-Nur Project has developed a plan for the construction of the Complex. The local executive body allocated a land plot of 5.4 hectares for 49 years.

Company

The Project initiator is SKR-Snab LLP. The head of the company has experience in running a tourism business in the region since 2016 and is a member of the Tourism Council of the Mangistau region, the Tourism Association of the Mangistau region "Nomad", the National Association of Heads of Sanatoriums and Resorts of the Republic of Kazakhstan.

Market

  • In 2022, the volume of the tourism market of the Republic of Kazakhstan amounted to 11.2 billion US dollars, with an average annual growth rate of the industry for the period 2017-2022. at 1.9%. As of 2022, Kazakhstani spending on domestic and outbound tourism amounted to $1.4 billion, of which domestic tourism accounts for 65%.
  • In 2022, the locations of the Mangistau resort area served about 282 thousand tourists. In 2017-2022 The average annual growth rate of placement revenues was 72%.
What is the attraction of the project?
  • The unique location of the Project. The location of the Project on the coast of the Caspian Sea, 37 km from Aktau, is attractive for a year-round offer of tourist services, including hotel accommodation and procedures for medical and recreational recreation. Sea water of the Caspian Sea contains mineral salts (sodium, potassium, magnesium, calcium) and trace elements (iodine and bromine), which have a beneficial effect on the nervous system and human metabolism. On the territory of the Complex there is also a natural spring Aksha Kudyk with mineral water for the treatment of gastrointestinal and cardiovascular diseases.
  • Development of tourism in the Mangistau region. The Mangistau region has a huge tourism potential due to its sacred historical and cultural monuments and attractive geographical location. There are about 362 holy places and 13 thousand historical monuments under state protection in the region. In 2022, about 210 thousand tourists visited the resort area of the Mangistau region.
Investment proposal

For the implementation of the Project, financing in the amount of 20,300 thousand US dollars (at the rate of 449.2 tenge) is required, of which:
  • 75% (USD 15,225 thousand) – investor participation and/or debt financing (if collateral is available);
  • 25% (USD 5,075 thousand) - funds of the Initiator.
The proposed financing structure and state support measures are indicative, the final financing structure and the stake in the Project will be determined based on the results of joint negotiations with the investor.


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