Kyrgyzstan’s Ministry of Economy and Commerce has signed an investment agreement with Kyrgyz-registered Jartash LLC for the construction of a major sports and hotel complex, Ramada Resort by Wyndham Issyk-Kul.
The resort will be developed on private land on the southern shore of Lake Issyk-Kul, the country’s most popular tourist destination. Ramada is part of Wyndham Hotels and Resorts, the U.S.-based company recognized as the world’s largest hotel franchisor, operating approximately 9,200 properties in 95 countries.
The project aligns with the State Program for Sustainable Tourism Development through 2030, which aims to strengthen Kyrgyzstan’s tourism infrastructure and establish the country as a regional hub for sports and recreational tourism.
Minister of Economy and Commerce Bakyt Sydykov hailed the agreement as a strategic milestone. “This is not just an investment agreement, it is a step toward the strategic transformation of the Issyk-Kul region. The new resort will become the flagship of our tourism industry, opening new horizons for attracting investment and international visitors to Kyrgyzstan,” he said.
The investor will receive tax and customs incentives under the agreement.
Ramada Resort by Wyndham Issyk-Kul will feature:
- A hotel with 250-300 rooms across various categories
- Olympic and training swimming pools
- Gyms and rehabilitation facilities
- Infrastructure for professional sports training
- Recreation zones and venues for international events
The resort is expected to create over 200 jobs and generate more than $9 million in state revenue over the next decade. Officials anticipate that the project will serve as a model of effective public-private partnership and catalyze the development of a new tourism cluster along the southern shore of Lake Issyk-Kul.
