Hanhong Private Equity Management

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    Hanhong bets on Kazakhstan with mammoth IR project

    Beijing's Hanhong Private Equity Management is taking bets on Kazakhstan's central Asian location and fast-growing economy to lure tourists to a multi-billion dollar casino resort and eco-city project in Tengri, near Almaty. The 1st stage of the resort project will cover up to 1 million square metres, with a total investment of $7 billion. If all goes to plan, the resort will open in late 2017, with plans for a further five stages over ten years that will include the construction of a new eco-city designed for up to 400,000 people.