By Alyona Pavlenko

Copyright trend

BAKU, Azerbaijan, September 22. Emin Agalarov,
the founder of Agalarov Development, plans to build another island
in the Caspian Sea, Trend reports.

He delivered a discourse at the 1st Azerbaijan International
Investment Forum concerning his prospective strategic
initiatives.

“Another big idea is a new island, which we call Fire Island.
Its area will be 200 hectares, and up to 4.5 million square meters
of real estate can be built here,” he said.

Agalarov also pointed out that in the next couple of years, the
company will be rolling out 10 to 12 hotels, each with its own
niche: some will be all about leisure and tourism, others will be
focused on conferences, and a few will be in the business of
catering to the casino crowd.

“We want every future guest to find something for themselves. At
the same time, we plan to fill the hotels with the best restaurants
and brands,” he explained.

Agalarov added that Agalarov Development is also implementing
the Sea Breeze Uzbekistan project abroad, which will be located on
the way to the Charvak artificial reservoir in the Tashkent

He indicated that the initiation phase of the facility’s
construction has commenced in a preliminary capacity.

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