investment projects to be implemented in free …

INVESTMENT PROJECTS TO BE IMPLEMENTED IN

FREE TOURISTIC ZONE “CHARVAK”

Tashkent - 2018

BOSTONLYK DISTRICT, TASHKENT REGION, UZBEKISTAN

DEVELOPMENT POTENTIAL OF TOURISM, SPORT AND LEISURE:

NATURE

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Bostonlyk district of Tashkent region of Uzbekistan has unique climatic

conditions in order to develop mountain facilities for tourism, sport and

leisure. The Big Chimgan, a huge dome-shaped mountain located there

(height: 3309m), belongs to Chatkal mountain ranges which is in the

Western part of Tian-Shan.

Summer tourism and sports are organized in Chimgan and Beldersay,

while summer leisure activities are mainly held across the coasts of

Charvak lake.

Winter tourism, sports and leisure activities are organized mainly in

Chimgan and Beldersay.

There is a huge potential for four-season utilization and development of

these facilities across the whole territory of Bostonlyk district. Tashkent

region has a significant tourist potential, which, first of all, is due to

unique natural conditions that allow the development of various types of

tourism, sport and leisure. In particular, the region has all the conditions

for the development of extreme and mountain tourism, including skiing,

snowboarding, paragliding and hang-gliding, cycling, motorcycling and

extreme sports, as well as environmental and rural tourism.

The unique feature of the snow (so-called “powder snow”), which

remains at the mountains for 6 months, makes it possible to build world-

class ski resorts in this area.

DEVELOPMENT POTENTIAL OF TOURISM, SPORT AND

LEISURE: TRANSPORTATION

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Touristic objects of Bostonlyk region are available for local and foreign tourists, sportspeople and holiday-

makers all year round.

There are many options of transportation for reaching the objects in the mountains:

by plane – 90 km away from the International Airport of Tashkent. From the airport it is possible to get

there by train, helicopter, bus, taxi or private car;

by helicopter – about 30 minutes from the Tashkent city;

by train – 60 km from Tashkent railway station to “Old Gazalkent” train station, from this station it is

possible to go by bus and it is 20 and 27 km to Beldersay and Chimgan, respectively. From Tashkent

central railway station to “Chinor” railway station – 70 km, from this station to Charvak – 20 km;

by bus – from Tashkent (Kuyluk) to Charvak village – 1-1.5 hours;

by taxi or private car – asphalt covered R12 highway leads to all touristic objects.

In Bostonlyk region, there are more than 20 hotels

and campsites, where more than 2000 people can be

accommodated. Furthermore, there are also more

than 200 private cottages, where about more than

2000 guests can be accommodated simultaneously,

which includes:

Charvak – 10 hotels and boarding houses, where

relatively bigger ones are “Charvaq oromgoxi”

(3*), “Charos” (4*);

Beldersay – 3, where relatively bigger ones are

“Beldersay oromgohi” (4*), “Montella Park”;

Chimgan – 8, where comparatively bigger ones

are “Liner” (3*), “Nebesa”, “Sky Village”.

DEVELOPMENT POTENTIAL OF TOURISM, SPORT AND LEISURE:

ACCOMMODATION

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FOUR-SEASON MOUNTAIN TOURISM DEVELOPMENT:

GOVERNMENTAL SUPPORT

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For the creation and development a Free Touristic Zone in Bostonlyk district of Tashkent region were adopted

several Governmental decisions in 2017 – 2018 years.

Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On measures on the organization of

the activity of the free touristic zone “Charvak“ (№365 dated May 15, 2018) consists of the following key

points:

approval of the concept of further development of the FTZ;

approval of the Plan of measures for the implementation of the concept of further development of the FTZ;

establishment of the State Unitary Enterprise "Directorate of the FTZ”;

96 thousand hectares of land allocated for the FTZ.

Decree of the President of the Republic of Uzbekistan “About creation of a free tourist zone “Charvak”

(#UP-5273 dated December 5, 2017) consists of the following key points:

creation of a free touristic zone "Charvak“ (FTZ) within Chimgan-Charvak resort and recreation zone of

Tashkent region;

construction on the territory of a FTZ of modern hotel complexes, cultural and recreational, shopping and

entertainment and other touristic facilities, as well as the creation of modern engineering infrastructure;

FTZ is a Free Economic Zone with all the benefits and preferences provided for Free Economic Zones;

the period of functioning of the FTZ is 30 years with the possibility of its subsequent extension;

the Fund for Reconstruction and Development of the Republic of Uzbekistan shall ensure the opening of

a preferential credit line in the amount of 100 million US dollars for co-financing investment projects

implemented in the FTZ.

MAP OF FREE TOURISTIC ZONE “CHARVAK”

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SCHEMATIC MAP OF FREE TOURISTIC ZONE “CHARVAK”

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CONDUCTING A FEASIBILITY STUDY AND PREPARING A MASTER

PLAN

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The conducting a feasibility study and preparing a master plan is allocated by the Uzbek Government to

“ToshkentboshplanLITI”, which together with French consortium of companies has started this work. It is

estimated that the work will extend to 6-8 months.

The French consortium of companies have a solid experience in preparing above mentioned projects around the

globe including the neighboring countries Azerbaijan, China, Kazakhstan, Russia as well as France and other

European countries.

INVESTMENT PROJECTS TO BE IMPLEMENTED IN THE FTZ:

SKI RESORTS

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In the territory of FTZ it is planned to create several modern ski resorts with relevant infrastructure

for winter and summer tourism, sport and leisure (ski slopes, funiculars, anti-avalanche systems and

others). A number of ski pistes, spa-centers and ice-rinks, restaurants and cafes, shopping centers,

sportswear and accessories renting spots, first aid medical centers, high-floor car parking lots, etc.

will be located in the ski resort village.

1st investors have already started investment projects in the territory. One of the pioneers is

“Amirsoy” world-class ski resort. “Amirsoy” will welcome its first visitors in December, 2018. The

project is being implemented by coordination of PGI Management (Andorra), the investment size is

USD100.0 Mln.

ONGOING PROJECTS: “AMIRSOY” SKI RESORT

Project initiator: Amirsoy Mountains Resort (Uzbekistan)

Project supervisor: PGI Management (Andorra)

Project cost: EUR100.0Mln

Territory: 900.0 hectares

Implementation period: 2018-2022 (completion of 1st stage: December 2018)

The creation of the first world-class ski resort “Amirsoy” has already begun

and following infrastructure and opportunities will be provided for tourists:

28 various types of ski slopes with length of 21.3 km;

7 gondolas, chair and conveyor lifts;

Ski school for children and beginners;

Summer recreation activities: trekking, horse riding, cycling, zip lining,

summer tubing, paintball, etc.

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HOTELS, SANATORIUMS, SPA CENTRES

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It is planned to build various hotels, cottages, and apartments to

satisfy the needs of foreign and local tourists.

Taking into consideration that Uzbek people like to combine

leisure with healthcare, it is also arranged that sanatoriums be built

using natural resources of this unique mountain area.

Various spa centers with swimming pools, saunas, etc., will be

constructed in big hotels, sanatoriums, and leisure centers in FTZ.

The Directorate of FTZ already gained more than ten proposals

from local and foreign investors about the creation of such hotels,

sanatoriums and spa centers.

However, for interested investors there are still some opportunities

in taking part in implementation of such promising projects.

ONGOING PROJECTS: “ASRTECH” HOTEL

Project initiator: ASRTECH BUSINESS LLC

Facility: 4 star resort hotel

Quantity of rooms: 120 rooms

Investment amount: UZS100.0 Bln (USD13.0 Mln)

Source of investment: 50% own sources; 50% loans

Territory of the hotel: 3.7 hectares

Creation of new jobs: 100

Completion of the project: within 24 months

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SHOPPING CENTRES

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Shopping centers, sportswear and accessories renting spots and outlet

villages are also planned to be built in the territory of FTZ. Popular local

supermarket chains as Korzinka.uz, Makro and others have already

started their preparations to open their branches in FTZ. Tourists and

visitors will not only enjoy mountain entertainment but will also have an

opportunity to make shopping for their daily, personal and occasional

needs. Outlet villages will be attractive projects for establishing well-

known world brands and retail chains, hence, tourism will rapidly develop

the country and the quantity of tourists will increase day by day.

There is an opportunity for interested investors to approach the

Directorate of FTZ on allocating land spots for the purpose of

constructing shopping centers. There is also an opportunity to be a co-

investor in existing projects in FTZ.


THEME PARKS

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Several types of theme parks are planned to be built in the territory of FTZ.

These are “Qorbobo qishlog’i” (by the type of Santa Claus village), an aqua

park, rope park and etc.

Potential investors are offered land spots in the mountain area where they

can give vent to their imagination.

Moreover, potential investors may join local existing initiators of theme

parks.

ONGOING PROJECTS: NANAY ECOPARK

Project initiator: Nanay’s Paradise LLC (Uzbekistan)

Project cost: USD7.3Mln

Territory: 60.0 hectares

Implementation period: 2017-2021

The creation of the Ecopark “Nanay” has already begun and following

infrastructure and opportunities will be provided for tourists:

Two hotels (188 rooms) and 6 cottages (48 guests)

Ropeways with length of 1200 m;

2 chair lifts;

Summer recreation activities: trekking, horse riding, cycling, zip lining,

summer tubing etc.

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RESTAURANTS, CAFES, TEAHOUSES

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People heading to top ski resorts in FTZ will have plenty of opportunities for

fine dining, with many different national and foreign cuisines. Both indoor and

outdoor restaurants, cafes and tea houses, particularly, Uzbek traditional

Chaykhana (tea house) will be full of new experience of Uzbek national

cuisines. Other European and Asian style restaurants, cafes and tea houses

will provide some of the best opportunities for fine dining on the mountain.

Establishing well-known and popular International restaurants and food chains

such as KFC, McDonald’s and others will be an additional attracting factor for

tourists to come and have dining.

Restaurants, cafes and tea houses will be located both below and top of the

mountain thus visitors can enjoy when they are skiing and relaxing or come

back to their hotels.

An observation deck will be on the top of observation tower (3300 m)

in Big Chimgan which will have both indoor and outdoor observatory

deck and visitors will have an opportunity to observe the surroundings

up until Tashkent city. The glass cabin will fascinate the visitors and

give them a rush of adrenaline.

Additional services can be small souvenir shops, tea and snack houses,

coin-operated telescopes for viewing distant features and other services.

Investors are welcome to realize this fantastic project.


MOUNTAIN OBSERVATION PLATFORMS

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HELICOPTER PARK

During the construction and exploitation period of the mountainous areas of

FTZ, it will be necessary to create a helicopter park. Helicopter park should

be equipped with several types of helicopters:

- transportation of bulky goods to high-altitude areas;

- emergency medical aid;

- rescue operations;

- providing services for Heliskiing;

- organization of helicopter tours in mountainous areas and etc.

Availability of these types of helicopters will ensure the full operation of the

FTZ. Even during extreme cases, helicopters can be mobilized to render

transportation, rescue and other services.

Potential investors are invited to implement this ambitious project.

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MOUNTAIN EMERGENCY MEDICAL SERVICE

Establishment of a mountain emergency medical service, which should also

include medical center located in Gazalkent (on the basis of currently

working hospital), first-aid posts in Charvak, Beldersay and Chimgan as

well as in large hotels where a comprehensive medical and first aid clinic

have to be available. This system has to be equipped with special

equipment for transferring in the mountain areas, including light helicopters

and rovers so that they can effectively conduct first-aid medical services for

tourists and guests.

Investors are welcome to create this project on conditions of Public-Private

Partnership.

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CONGRESS HALL

Building mountain congress-hall in Charvak, in the territory of “Charvak oromgohi”, where various forums,

high-level meetings, conferences, seminars or concerts could be held. During the winter, concerts could be

held in the building of congress-hall, while during the summer – on the open concert site with a view to

Charvak lake.

Traditional theme forums such as the Central Asian meeting of Davos World Economic Forum or high-level

meetings such as International Investment Forum “Sochi” can be hosted in this congress-hall.

For potential investors this project will not only be economically advantageous, but also image project,

because these forums host political and business elites from all over the world.

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EXCURSION TRAINS

Acquire several excursion trains (with special wagons specialized for the transportation of ski and other mountain accessories, with panorama windows for better observation, colored and specially designed (for instance, using colors and logos of www.welcomeuzbekistan.uz), in order to differentiate from ordinary trains), which would travel from Tashkent central railroad station to “Chinor” station.

Meanwhile, passengers could leave the train in following stations:

- “Old Gazalkent” station and re-sit to special shuttle buses (with special places for luggage and ski accessories) and reach Beldersay and Chimgan for free. It will take approximately 20 minutes;

- “Chinor” station and re-sit to special shuttle buses (with special places for luggage and ski accessories) and reach Charvak for free. It will take approximately 20 minutes;

It will provide for internal tourists from different regions of Uzbekistan a possibility to reach mountain touristic objects within a short period of time using only trains and buses. Likewise, for foreign tourists it would be easy to visit mountain touristic objects by using train and buses. It will significantly load off the traffic in automobile roads leading to touristic objects of Bostonlyk region.

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http://www.welcomeuzbekistan.uz

Ansher Capital has a solid experience in attracting financing for national and regional companies and

offers the following services:

searching and attracting international and local investors;

managing the Private Equity Fund to be launched for financing FTZ projects;

developing of the investment and financial policy and strategy of investment projects (co-

financing, pre-IPO financing and preparing for IPO and other services).

Ansher Capital can advise existing 17 investment projects that have started in FTZ for attracting

additional investments.

Furthermore, Ansher Capital will attract funding from Ansher Group of Companies for the financing

(co-financing) interesting FTZ projects.

ROLE OF ANSHER CAPITAL IN YOUR INVESTMENT INTO FTZ

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CONTACTS:

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THANK YOU FOR ATTENTION!

IF ANY QUESTIONS ARISE ON THE PRESENTATION,

PLEASE REFER TO THE FOLLOWING CONTACTS:

ANSHER CAPITAL LLC

Uzbekistan, 100052, Tashkent,

str. Katta Darkhon, 19

Tel: (+ 998 71) 2689970

E-mail: [email protected]

WE WILL BE GLAD TO ANSWER ALL YOUR QUESTIONS AND

ACCEPT YOUR VALUABLE COMMENTS.

investment projects to be implemented in free …

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