World-class hotel opened in Aktau with financial support from Development Bank of Kazakhstan

09.09.20 15:39
/KASE, September 9, 2020/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of September 9, 2020: quote For construction of the 1st phase of the multifunctional hotel and tourism facility "Aktau Resort Hotel" in Mangystau region (hereinafter – the Project) Development Bank of Kazakhstan JSC (subsidiary of "National managing holding "Baiterek", hereinafter – DBK, the Bank) opened a credit line for Aktau Tourism City LTD (hereinafter – the Borrower). The total cost of the Project makes up KZT66.8 bn, the DBK provided a loan in the amount of KZT42 bn for 20 years. Funds disbursed by the DBK were spent on purchasing equipment and on construction work. unquote The complete press release is available on – [2020-09-09]