World • 02 May, 2019

German company intends to invest over $4 B to Uzbek tourism industry

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German RIMC Hotels & Resorts Group plans to invest over $4 billion in the tourism industry of Uzbekistan, Trend reports with reference to Uzbek media.

During a meeting with architect of the RIMC Hotels & Resorts Group at the administration of Tashkent, prospects of cooperation were discussed. Furthermore, the possible participation of the company in the implementation of Ethnopark project and the construction of premium-class hotels in the capital of Uzbekistan were also discussed.

Within the framework of the visit, a representative of the RIMC Hotels & Resorts Group will conduct a master class for architects of Tashkent on May 1, 2019.

Agreements on the participation of the RIMC Hotels & Resorts Group in the implementation of major investment projects in the sphere of tourism in Uzbekistan were reached during the visit of the managers of the German company to the country last year.

In addition to the construction of hotels in Tashkent, Samarkand, Bukhara and Khiva, RIMC Hotels & Resorts Group and its German partners intend to make direct investments in the construction of modern shopping, business and cultural centers, as well as in the modernization of road infrastructure and airports.

The RIMC Hotels & Resorts Group, headquartered in Hamburg, is one of the leading international hotel management groups. During the last 28 years, the company has implemented around 200 hotel projects in Germany and abroad. The RIMC Hotels & Resorts group's success is based on tailor-made management solutions for operating or modernizing hotels.

Currently, RIMC Hotels & Resorts group operates around 32 hotels in eight countries. More hotel projects are to be implemented in 2019 and the coming years in Germany and around the wold.

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