Special tourist economic zones to be created in Dagestan

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Makhachkala, July 20, 2016. Today, at the regular session, Dagestan Cabinet discussed the creation of special economic tourist and recreational zones on the territory of the republic. The special economic zones will be established in Khunzakh, Karabudakhkent, Kayakent and Derbent districts of Dagestan.

Currently, as informed, the investment project “Matlas” has been included into the development strategy of the Resorts of the North Caucasus OJSC for 2016-2019.  To implement the project, the investor intends to allocate about RUR 20 billion.  The preliminary design and land-surveying activities worth 150 million rubles have already been executed.

The Cabinet officials also considered the necessity to construct a gas pipe line and a suitable all-season road to the tourist and recreational complex "Matlas" including the road facilities and infrastructure.

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