North Caucasus Resorts to be presented to China

The North Caucasus Resorts project will be presented to attendees of the China International Travel Mart exhibition that will be held in Shanghai on November 15-19, 2012.

Russia will also presented other projects such as Altay, Yaroslavl and Yekaterinburg tourist projects.

The Russian tourism cluster in North Caucasus is expected to take in 5-10 million visitors a year, and the project will create up to 330 thousand jobs in the region. 

The project is funded on the basis of public and private partnership principles. The state invests 60 billion rubles through OJSC Northern Caucasus Resorts into transportation, engineering and ski lift infrastructure, and private businesses finance resort infrastructure. 

For the purposes of dynamic development of the resorts, special tourism and recreation economic zones, which residents obtain tax and customs benefits are created.