Investment Projects

Construction of a multifunctional SPA-resort "Ak Kol"

  • Indicator Results
  • Investment amount, thousand US dollars 8 120
  • NPV of the Project thousand, US dollars 11 458
  • IRR, % 34,48%
  • EBITDA yield, %
  • Payback period, years 6,24
  • Discounted payback period, years - - 7,94

Products and services

The resort will offer its services to residents and guests of the Akmola region, Astana and foreign tourists. Upon reaching full design capacity, the hotel will have 126 double rooms and 15 chalets of three categories. The resort plans to provide clients with accommodation services, a restaurant complex, as well as wellness treatments.

Project

The project provides for the construction of a multifunctional spa resort in the village. Maly Barap, Akmola region. The project is focused on family and business holidays, provides for the construction of a four-star hotel to provide a wide range of tourist services year-round for domestic and international tourists. The project is located 110 km from the capital city of Astana, 100 km from the Shchuchinsko-Borovsk resort area (SCHBKZ). At the moment, the Project has been allocated a 13-hectare site with utility networks installed, planning and preparation for the construction of facilities is underway.

Company

The initiator of the project is AstanaCom.kz LLP, the main activity of which is the field of IT and information systems. At the same time, the Project team has extensive experience in managing the hotel business.

Market

  • In 2020, the volume of the tourism industry of the Republic of Kazakhstan decreased by 34.2% compared to 2019 and amounted to 7.7 billion US dollars. The main reason for the fall was the COVID-19 pandemic and the quarantine measures introduced. After the pandemic, the market grew by 23.4% in 2021 and 17.9% in 2022.
  • According to Kazakh Tourism, in 2021 Kazakhstan ranked 66 out of 117 countries in the World Travel and Tourism Development Index, ahead of Montenegro (67), Morocco (71), Kyrgyzstan (9.
  • According to Marketline forecasts, by 2027 the value of the tourism market in Kazakhstan will be USD 16.7 billion, up 49% compared to 2022. The average annual growth rate of the industry for the period 2022-2027 forecasted at 8.3%.
What is the attraction of the project?
  • The unique location of the Project. The resort will be located in relative proximity to the international airport of Astana (40 minutes by car) - the main collection point for foreign and domestic tourists.
  • Governmental support. The tourism industry in the country is actively supported by the state. State support measures also include reimbursement of part of the costs for the purchase of equipment and the construction of tourist facilities.
  • Low level of competition. Despite the popularity of the resort area, only a few hotels provide accommodation services that meet international standards. At the moment, the variety and quality of services provided to visitors are the advantages of the resort compared to competitors.
Investment proposal

For the implementation of the Project, financing in the amount of 8,120 thousand US dollars (at the rate of KZT/USD 449.2 tenge) is required, including:
  • 70% (USD 5,864 thousand) - debt financing (subject to collateral);
  • from 30% (USD 2,436 thousand) - investor participation.
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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