Dagestan to attract investors for resort city construction

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In an interview to Interfax the head of Dagestan Sergei Melikov shared plans to attract investors to build a resort city on the shore of the Caspian Sea in Kayakentsky municipal district of the republic. "This is not an analogue of Sochi, because the geography is slightly different and the potential is different. This is a 'clean' site, which has a sea coast with sand, fresh lakes and a convenient location near the federal highway, 40 km from the airport" - Melikov said. The most problematic issue is still the transfer of land plots for the project implementation. In order to solve the problem, amendments may be made to the legislation.  "I think that we will use such an opportunity" - Melikov noted.

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