Subsidiary Bank Sberbank of Russia provides bank guarantee for construction of Abay-Arena cultural and sports facility in Semey

/KASE, April 22, 2019/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of April 22, 2019: quote Sberbank has provided a bank guarantee to Asia Firm LLP for an amount of more than KZT 5.5 billion for the construction of the cultural and sports complex Abay-Arena. The construction of the largest cultural and construction complex Abay-Arena was begun in Semey in 2017. The contracting company of this large-scale project is Asia Firm LLP which has previously participated in the construction of various industrial, social and residential facilities in the region. “Since 2015 our company has begun an active implementation of the state residential construction program Region Development 2020 under which we are building and putting into operation 9-storey residential buildings in Semey. In addition, we built our own factory for the production of concrete products and implemented projects, such as Semipalatinsk bus assembly plant, kindergartens and schools. Therefore, our company has extensive experience in the construction of large objects,” Saule Duskuzhanova, Head of Asia Firm LLP, said. The area of ​​the modern unique complex Abay-Arena which will be built according to international standards is more than 33 thousand square meters. The construction of the complex which has an interesting architectural appearance under the project is designed for more than 5,000 spectator seats and will consist of three main blocks. The first block includes the main arena, grounds for five-a-side, handball and volleyball. Four water platforms (swimming pools for synchronized swimming and diving, Olympic and children's pools) with a platform for 545 seats are planned for the second zone. A hotel, a food services area and a warm-up hall for athletes will also be located here. The third block includes a fitness area, two pools of various sizes, a children's entertainment center and a cinema hall. The complex will also include a mobile stage with modern equipment, which will host various cultural events. “We are very pleased to take part in this project, because thanks to it city residents will acquire a new cultural and sports complex Abay-Arena that meets all modern standards at the end of this year. The construction of this complex will make it possible to make both the cultural and sports life of the residents of Semey more saturated, and accordingly will give a significant impetus to the development of the dynamics of these areas in the life of the city,” Olga Fedorenko, Director of Oskemen Branch of SB Sberbank JSC, said. unquote [2019-04-22]