The Russian Evrazstroyproyekt has acquired 14.4% of shares of Orom resort complex, Uzbek official said. Orom is located in Tashkent area not far from mountainous Charvak reservoir. The resort covers over two hectares of area. The value of the contract is not disclosed.

The tender was issued to sell Orom to foreign investors in July 2007. Resort’s starting price was fixed at US$53,000 at that time. Under tender terms, the volume of investments was to surpass the starting price.

The Chinese Expoline Limited acquired 100% of shares of Chirnik Suvokova resort complex. The resort is located not far from the capital city. The starting price was US$160,000. Investment liabilities made up US$100,000.

Uzbek-Germany joint venture Vera Future Group Invest acquired 100% of shares of Kazbek balneology health resort near Tashkent resort. The value of the contract is not disclosed. The starting price was US$110,000.

“The resorts at foothills of the Tien Shan is favorable tourism infrastructure in invest in Uzbekistan,” expert at Uzbekturizm national company Timur Kalandarov said. “Five large resort facilities have been sold to foreign and local companies for the last two years. Several boarding houses and sanatoriums will also be sold out in future.”

Ugam-Chatkalskiy national park and Chatkal reserve were established in this area over 20 years ago. It is considered ecological and ethnographic tourism of Uzbekistan. Around 500,000 tourists from Tashkent and foreign countries travel to the area each year.