Indian Firm Plans Lakeside Resort in Macedonia

Subrata Roy [left] and Macedonian Finance Minister Zoran Stavreski [right] | Photo by: gov.mk

The company did not reveal the expected cost of the lakeside complex that will include hotels, casinos and a golf course.

But media reports suggest that the investment will amount to at least 40 million euro.

The complex will be developed “across 240 hectares around the Lake Ohrid, consisting of world-class hotels, casinos, residential and recreational facilities and an international standard gold golf course,” read a statement by Subrata Roy’s son, Seemanto Roy, director and head of the company’s international business department.

Subrata Roy visited Macedonia in mid-June, when he received a warm welcome from Prime Minister Nikola Gruevski and his economic team.

During his stay, Roy scanned several investment opportunities and promised to propose several ideas to the government.

The Indian company says the project has been designed by Atkins, a UK-based engineering, design, planning, project management and consulting services company.

It also says that the project, to be built near the village of Ljubanista, close to the Galicica National Park has undergone a complete environmental study.

The project is expected to boost tourism in Ohrid

The scenic town of Ohrid along with the lake of the same name in southwest Macedonia, are the country's biggest tourist attractions by far.

If the project becomes reality, it will represent a major boost for tourism.

“We absolutely support the idea,” said Donco Taneski, head of the Macedonian Association of Hotels and Hospitality Personnel, HOTAM.

“We do not see this complex as a competition but as a chance for many young people to obtain employment,” Taneski told Ohrid News.