The implementation of the investment project in the amount of 28 billion 723 million rubles is in full speed

The investment project, which was approved during the meeting of the Investment Council chaired by the Rais of Tatarstan on September 6, 2023, the construction of a multifunctional complex with a congress center on the territory of the Kazanka River embankment on Sibgat Hakim Street (Kazan) is being implemented in full swing.

The Multifunctional complex includes a new level of urban ecosystem, which has not yet been seen in Tatarstan. It is designed to provide a space for work, recreation, tourism and entertainment for residents and guests of Kazan in one of the most picturesque places on the banks of the Kazanka River with a unique view of the Kazan Kremlin. Among the facilities included in the ensemble of the Multifunctional Complex: a 5-star hotel complex, service apartments, a business center, a congress center building with a capacity of up to 5,000 people, infrastructure in the form of a shopping and entertainment complex, restaurants, parking, and a recreational area. The complex will occupy about 300 thousand square meters, and the adjacent territory of 33 thousand "squares" is planned to be landscaped and landscaped. There will also be playgrounds and year-round recreation areas.

"Tatarstan has a great atmosphere and good investment conditions"

The developer of the territory is KravtGroup, specializing in investments in the construction of hotel projects and operational management of hotels and restaurants. Having started its operations in St. Petersburg, a city with high tourism potential, it expanded its geographical presence by opening offices in Moscow and Tatarstan.

To date, the company's portfolio includes five operating hotels of categories from 3 to 5 stars, and several more hotel complexes are under construction and design. Among the implemented projects in Tatarstan are the Kravt Hotel Kazan Airport and the Innopolis Hotel.

In an interview with Tatar-inform in 2020, Valery Kravtsun, CEO and founder of Kravt Invest, noted the attractiveness of the republic for investments.

"There is a great atmosphere here, good investment conditions. Plus, Tatarstan has been a leader in attracting investments for many years. I think it's fair to call Kazan the third capital: judging by the pace of development of macroeconomic and social indicators, it is one of the most promising cities in Russia. We considered many options for venues and still decided on Kazan. I think that here we will not limit ourselves to the implementation of one development project," he stressed at the time.

Read more in the Tatar-inform article about how the project is being implemented right now.

The first stage of Yar Park, the Kazan version of Moscow City, is planned to be implemented in three years. www.tatar-inform.ru/news/xotel ...