A NEW INVESTOR TO INVEST ABOUT 20 BILLION RUBLES IN THE CONSTRUCTION OF THE GAMBLING ZONE “PRIMORYE”
The South Korean company K International Inc. intends to build a new gambling and entertainment complex on the territory of the integrated resort “Primorye”. The amount of investment in the project will be approximately $ 300 million. A corresponding agreement confirming the company's intention to enter the gambling zone project was signed by the Primorskiy Territory Development Corporation and K International Inc. in the presence of the region's Vice-Governor Andrei Larin.
Over the next two years another gambling and entertainment complex may appear in Primorye. The company Shambala intends to implement the first stage of the project to create a high-level hotel with a casino in the region by 2020. Construction of the facility will begin this autumn.
The Primorskiy Territory Development Corporation held negotiations with representatives of the Korean company K International Inc. The investor is interested in building a hotel and entertainment complex with a casino, a shopping center, a Duty Free zone and a park zone.
The works at the construction site of the Cambodian investor Naga Corporation, which is building a large hotel and entertainment complex on the territory of the gambling zone “Primorye”, are being actively carried out. By the end of 2018 there will be skeleton structures for several floors of the new building - the foundation has already been laid.
The Primorsky Krai Development Corporation announced the beginning of receiving applications for the right to lease the land in the integrated entertainment resort Primorye (gambling zone). It is planned to build new casinos, hotels and entertainment facilities.