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Economy

Russian Far East to woo Asian tourists with Kamchatka resort

$500m hotel and ski area to be sited near World Heritage-listed volcanos

The volcanoes of the Kamchatka were registered as a UNESCO World Heritage site in 1996. (Photo courtesy of the Petropavlovsk-Kamchatskiy city government)

MOSCOW -- Kamchatka's government, in the Russian Far East, has told Nikkei Asia it plans to construct a large resort on the nature-rich peninsula by 2025.

The development, estimated to be worth 39.2 billion rubles ($518 million), is slated for opening in 2025. Local authorities expect the COVID-19 pandemic to have run its course by then. In addition to Russians, developers hope to attract tourists from Asia, including Japan.

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