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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
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The plant will prevent the flaring of over 600,000 cubic meters of ferroalloy gas annually.
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It is part of ERG’s broader push toward environmental modernization, including wind power development in Khromtau.
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The EPD initiative will help enhance the international marketability and environmental credentials of Kazakh chrome.
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The power plant will use Best Available Techniques (BAT) in line with environmental standards.
Publication/Revision Date:
12/18/2025
