Azerbaijan has plans to build a five-star hotel by the Issyk-Kul lake in Kyrgyzstan, Trend reports.
The Parliament of Kyrgyzstan has approved a project agreement between the Kyrgyzstan’s Cabinet of Ministers and the government of Azerbaijan for the construction of a five-star hotel on the shores of Issyk-Kul lake in the village of Kara-Oy in Kyrgyzstan.
“After 49 years, the land will be transferred back to the Kyrgyz side, but under this agreement, the Azerbaijani side has a priority right to extension,” Nuradil Bayasov, deputy head of the National Investment Agency of Kyrgyzstan, said.
Azerbaijan will be provided with 17 hectares of land for construction. Of these, 12 hectares will be used for the hotel, four hectares will be allocated for a park, and one hectare will be a beach area accessible to the public. The project was developed back in 1997.
In July of this year, while participating in the business forum “Kyrgyzstan-Azerbaijan”, Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan, Bakyt Torobayev, said that the country is interested in attracting investments from Azerbaijan and is ready to create all the necessary conditions.
According to him, new horizons are currently opening up for Kyrgyzstan-Azerbaijan cooperation in various important areas such as trade, economy, investment, culture, and humanitarian fields.
Source : Trend