VEB.RF, InfraVEB and Gleden Invest have signed a memorandum of cooperation to assess, prepare and carry out tourism-related investment projects.
The document was signed by Nikolay Tsekhomsky, First Deputy Chairman and member of the Board, VEB.RF; Alexander Klyachin, Chairman of the Board of Directors, Gleden Invest; and Denis Nozdrachev, CEO, InfraVEB.
The parties are considering projects to create ski resorts, a chain of hotels, a seaside resort, a resort within the Golden Ring of Russia, and a leisure and hotel complex in the Urals Federal District. For example, the projects include the expansion of the Sheregesh Ski Resort recreational area (investments of up to 10 billion roubles) and the construction of hotels in Tobolsk, Blagoveshchensk and the Elbrus region. The total project value is estimated at dozens of billions of roubles.
“Promoting tourism as a sector of the urban economy is high on VEB.RF’s list of priorities. We today agreed on the distribution of tasks among the parties. I’m confident our cooperation will be mutually beneficial and will allow us to begin to provide financing as soon as possible for specific significant investment projects related to tourism, aiming to implement the presidential decree on the national development goals of the Russian Federation for the period until 2030,” Nikolay Tsekhomsky said.
“Gleden Invest is the largest Russian player in the hotel services market, and we are interested in promoting and implementing new tourism projects in Russia. By participating in projects with such partners as VEB.RF and InfraVEB, we can provide the market with new modern technologies and quality standards and, at the same time, increase our hospitality business,” Alexander Klyachin said.
“Tourism projects need public and private investment, including through public-private partnerships. InfraVEB will help to increase the number of well-prepared investment projects, and we are ready to provide the project initiators with advisory and financial services necessary for project financing,” Denis Nozdrachev said.
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