News 26 Nov 12

Indian Firm Plans Lakeside Resort in Macedonia

‘Sahara India Pariwar’, owned by the billionaire Subrata Roy, plans to build a luxury recreational complex on the shores of Lake Ohrid.

Sinisa Jakov Marusic
BIRN
Skopje

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.

Talk about it!

blog comments powered by Disqus

Related Headlines:

macedonia-probes-procurement-of-gruevski-s-luxury-limo-01-24-2017
24 Jan 17

Macedonia Ex-PM’s Luxury Limo Purchase Probed

Macedonia’s Special Prosecution suspects two former government officials of abusing their positions over the purchase of a 575,000 euro luxury limousine for former Prime Minister Nikola Gruevski.

24 Jan 17

MPs Nudge Turkey Closer to ‘One-Man’ Rule

24 Jan 17

Albanian Parties Hunt For MPs On Internet

24 Jan 17

Turkey Scraps Diploma Deal With Macedonia

24 Jan 17

Records Show Yugoslavia's Dramas Kept CIA Busy

Premium Selection

mps-nudge-turkey-closer-to-one-man-rule-01-24-2017
24 Jan 17

MPs Nudge Turkey Closer to ‘One-Man’ Rule

After MPs backed constitutional amendments radically extending the President’s powers, fears are growing that Recep Tayyip Erdogan could soon enjoy almost limitless control.

bosnia-in-2017-political-feuds-jeopardize-quiet-economic-recovery-01-23-2017
24 Jan 17

Bosnia in 2017: Political Feuds Jeopardize Quiet Economic Recovery

After a bruising 2016, the test for Bosnian leaders in 2017 will be overcoming their differences on reforms, steering the economy towards recovery – while resisting the divisive force of nationalist politics. 

20 Jan 17

Birth of Trump Era Divides Balkan Countries

Latest News from the Balkans

24 Jan 17

Albanian Parties Hunt For MPs On Internet

24 Jan 17

Turkey Scraps Diploma Deal With Macedonia

24 Jan 17

Records Show Yugoslavia's Dramas Kept CIA Busy