South Korean company Dongnam Industry is set to invest around $30m to build a golf course and hotel in the Primorye gambling zone, following an agreement with the Primorsky Krai Development Corporation.
“The Primorye integrated resort zone will attract a large number of tourists in the future due to transport accessibility and the growing interest in the Russian Far East from residents of the Asia-Pacific countries,” the Dongnam Industry’s chairman, Kim Ying-Tae.
“Creating elite entertainment facilities will help attract tourists to the gambling zone. For our project, the main target audience is foreign players from Korea and Japan, where golf is a very popular sport and pastime.”
In partnership with Russian firm Vladivostok Country Club, Dongnam plans to build a nine-hole golf course and a clubhouse within a year of signing the land rental agreement for the project.
The second stage will see the construction of a 100-room four-star hotel and the addition of a further nine holes to the golf course.
“For us it is important that, in addition to casinos, investors pay attention to the creation of non-gaming amenities,” said Konstantin Shestakov, director of the Primorsky Krai Tourism Department.
“The golf course will become one of the [zone’s] unique tourist sites and will con- tribute to an increase in tourist flow, especially from the Republic of Korea, where there is a well-established golf culture.”
Two new integrated resorts, Naga Vladivostok and Shambala, are scheduled to open in Primorye in 2020 and are expected to increase the zone’s tourist traffic to 1.2 mil- lion visitors a year.