During the St. Petersburg Economic Forum, VEB.RF entered into several agreements to develop Olympic facilities in Sochi as part of the Tourism and Hospitality national project. The signing ceremony took place in the presence of the Deputy Prime Minister of the Russian Federation Dmitry Chernyshenko, VEB.RF Chairman Igor Shuvalov and the shareholder of the Krasnaya Polyana Resort Aleksander Tkachev.
Among the agreements is the agreement with Kurort Plus and Yug-Businesspartner specifying key principles of interaction and the procedure for carrying out projects for the development of Krasnaya Polyana resort, for integrated development of Sochi-Park, and for the construction of a five-star hotel complex with apartments and Sochi-Park Hotel Aqua.
The agreement is aimed at contributing towards the sustainable development of domestic and inbound tourism, creation and development of tourist clusters that facilitate the development of domestic and inbound tourism, increase of the domestic tourist flow, and social and economic development of the Krasnodar Territory and the city of Sochi as a mountain resort. The projects will be implemented as part of the Tourism and Hospitality national project and Economic Development and Innovative Economy government programme.
Another agreement was entered into with Sindika-O, OlympPlus and Mostovik Development to build an apart-hotel and a healthcare centre on the territory of Radisson Collection Paradise Resort and Spa, a swimming pool at Bridge Resort, and Mys Adler Sports Park. The Sports Park project is designed to support the Talent and Success Foundation (Sirius Educational Centre).
“VEB.RF’s major mission is supporting the achievement of national goals aimed at improving the quality of life of our citizens. Developing post-Olympic Sochi contributes towards implementing these goals, attracting investment in the region, creating new jobs and developing domestic tourism, which can give a powerful impetus towards Russia’s economic development, especially in the post-pandemic period,” said Alexander Tarabrin, Head of VEB.RF Real Property Projects and Asset Management and Member of the Board.
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