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New Hilton Hotel in Almaty

Project ID:

1812202501

Project Name:

New Hilton Hotel in Almaty

Project Sector:

Tourism & Hospitality

Photo source:

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Project Description

The project involves the construction of a premium mid-rise hotel operating under the Hilton international brand in the central part of Almaty. The building is planned as a 16-storey mixed-use structure, combining hospitality, office, and commercial functions. Lower floors are designated for public and commercial use, while the upper floors will accommodate hotel rooms, including a high-end top-floor unit. The development is located in a dense historical and business district near Panfilov Park, increasing both tourist and corporate demand. The project is being implemented by a local private developer with a core business in real estate transactions and hospitality services. Financing is supported through preferential funding mechanisms involving the Development Bank of Kazakhstan, indicating state-level interest in tourism infrastructure. Construction initially began under a different concept and was later reprofiled into a hotel project. Publicly available architectural renderings and an official construction passport have not been disclosed. Media coverage confirms ongoing construction activity and a target completion within the current investment cycle.

Project Phase:

Procurement & Construction

Investment Value:

47 500 000 $

Location:

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Start Date:

7/13/2020

End Date:

12/31/2026

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Other important details

  • The plant will prevent the flaring of over 600,000 cubic meters of ferroalloy gas annually.

  • It is part of ERG’s broader push toward environmental modernization, including wind power development in Khromtau.

  • The EPD initiative will help enhance the international marketability and environmental credentials of Kazakh chrome.

  • The power plant will use Best Available Techniques (BAT) in line with environmental standards.

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