German company intends to invest in Uzbek tourism industry

2 May 2019 17:18 (UTC+04:00)

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By Abdul Kerimkhanov

Uzbekistan has managed to open up to the world by simplifying most of the bureaucratic procedures and becoming even more attractive for foreign tourists.

German company RIMC Hotels & Resorts Group intends to invest more than $4 billion in the tourism industry of Uzbekistan, Uzbek media report.

This became known after the negotiations of the German company representatives with the Tashkent city mayor.

The city administration informed that along with hotels construction in Tashkent, Samarkand, Bukhara and Khiva cities, the German company intends to invest in the construction of modern shopping, business and cultural and entertainment centers as well as road infrastructure and airports modernization.

Also, during the talks, the parties discussed the possible participation of the RIMC Hotels & Resorts Group in the Ethnopark project implementation and premium-class hotels construction in Tashkent.

RIMC Hotels & Resorts Group, headquartered in Hamburg, is one of the leading international hotel management groups. During the last 28 years, the company has brought out around 200 hotel projects in Germany and abroad. Currently, RIMC Hotels & Resorts Group operates around 32 hotels in eight countries.

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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94