The project will be realized by Crocus International (Russia).
The Ministry of Culture & Tourism recognized it expedient to include the project in the State Tourism Development Programme. The $1 billion two-year project will be funded due to domestic and borrowing finances.
The Nardaran-Kurdakhani resort will be one of the biggest on the Caspian coastline and will stand the pace with world-known resorts of Antalya and Dubai.
The resort to be designed for 8,000-10,000 persons will include Yacht Club, a medical spa centre and other sites.