Ukraine To Invest In Crimean Tourism
Ukraine to build completely new tourist city in Crimea
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Dec 09, 2011
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KYIV, Ukraine - "In the next three and a half years, essentially, a completely new tourist city will emerge near Yevpatoria," stated the Vice Prime Minister of Ukraine - Minister of Infrastructure of Ukraine Borys Kolesnikov after the conference Inside Ukraine, organized by The Economist in London. The minister said that the development will ensue within the national program to modernize the Crimean peninsula into an attractive tourist destination.
Minister Kolesnikov explained that a new tourist city would be built from scratch on the Crimean peninsula. It will offer hotel accommodation for thousands of visitors along with vast opportunities for investment in the development of infrastructure. Additionally, the plan to develop Crimea stipulates for two new airports to be built in the central and southern parts of the peninsula.
The move is growing in popularity in various countries of the world. In Saudi Arabia six so-called "economic cities" are being built across the country. The aim of the project is to create over a million new job opportunities and provide homes for 4-5 million residents. The project is set to contribute USD 150 billion to the GDP of Saudi Arabia by 2020.
This year the government of Honduras introduced one of the most revolutionary concepts of new cities. The major advantage of the emerging city will be a charter of legally binding rules regulating the life in the area. One of the better governed countries of the world will be asked to guarantee the charter.
Crimea is an autonomous republic of Ukraine located in the south of the country. Its geographical location makes the peninsula the most favorable for recreation region of Ukraine. Crimea is surrounded by the Black Sea and borders on the Sea of Azov. The mildly salty waters of the Black Sea, perfectly warm in summer, attract millions of tourists to the sunny beaches of the southern Crimean coast annually.
As of now, the Crimean tourist infrastructure and the quality of services provided has hardly reached its potential. This serves as an incentive for the Ukrainian government to invest in the development of the region, as well as provides an attraction for foreign investors who have a chance to capitalize on the emerging tourist market with high potential.