$128 Million Ski Resort Near Bishkek to Use Chinese Financing

Kyrgyzstan is launching another major ski resort project. The year-round Baytik Mountain Resort, valued at $127.9 million, will be built 35 kilometers from Bishkek. China National Heavy Machinery Corporation (CHMC) will participate in both the construction and financing of the project. On August 27, the Tourism Development Support Fund, Valmont Group, and the National Investment Agency signed a public-private partnership agreement to build the resort in Kashka-Suu. The first phase of infrastructure is expected to be commissioned within four to five years. Kashka-Suu has been a ski destination since the Soviet era, with its first ski club established in 1976. The plans include cable cars, ski slopes with artificial snowmaking, accommodation, and facilities for summer recreation and business events. Funding will also come from state-owned Eldik Bank and a private partner. The project is expected to create at least 1,500 jobs during construction and around 800 permanent jobs once operational, with at least 80% of the latter to be held by Kyrgyz citizens. Baytik comes as Kyrgyzstan pursues a much larger expansion of its ski tourism infrastructure. In the east of the country, the government is already developing the Ala-Too Resort, valued at around €1.2 billion. The project will link Jyrgalan, Ak-Bulak, and Boz-Uchuk, with plans for 260 kilometers of ski runs and construction extending through 2038. As The Times of Central Asia previously reported, work began in August 2025. The two projects have different locations and potentially different markets. Ala-Too is being developed near Issyk-Kul as a large international tourism cluster. Baytik’s main advantage is its proximity to Bishkek and the country’s largest international airport. Karakol, Kyrgyzstan’s best-known ski destination, is roughly 400 kilometers from the capital. Baytik is intended to create a major year-round recreation area within easy reach of Bishkek. The investment comes as Kyrgyzstan’s tourism revenues are growing. Foreign visitors spent almost $1.1 billion in the country in 2025, up from $1.02 billion a year earlier, while tourism’s share of the economy reached 3.8%. Travelers from neighboring Central Asian countries and Russia continue to account for most foreign arrivals. For Kyrgyzstan, developing mountain resorts offers a way to reduce the tourism industry’s dependence on the summer season and Issyk-Kul. CHMC’s involvement brings another potential source of capital to the project. Chinese companies have long been involved in infrastructure projects in Kyrgyzstan, particularly in transport and energy. With Baytik, a major Chinese contractor is moving into the country’s tourism infrastructure.