BISHKEK, Kyrgyzstan, May 22. Kyrgyzstan’s
National Investment Agency has inked a trilateral public-private
partnership (PPP) agreement to construct a new $5 million
international-standard hotel complex, "Relax-Inn," alongside a
state-of-the-art social crisis center in the city of Karakol,
Trend reports via the
agency.
The contract, signed on May 22, brings together the National
Investment Agency, the State Enterprise "Unified Management Company
'Issyk-Kul', and the private development firm "Kedra".
Under the terms of the agreement, the private partner will
entirely finance the construction. The upcoming hotel
infrastructure, designed for a capacity of 100 to 200 beds, will
integrate advanced digital frameworks and energy-saving
technologies. The complex is set to feature high-tech wellness
facilities, corporate business centers, and modern public
areas.
Ravshanbek Sabirov, Head of the National Investment Agency,
noted that the project will significantly enhance the Issyk-Kul
region's hospitality network, drive tourism interest, and generate
local employment opportunities.
As part of its corporate social responsibility commitments
attached to the commercial development, the investor will also
construct a dedicated crisis center in Karakol. Upon completion,
the social facility will be transferred to state ownership free of
charge.
