Abu Dhabi's Royal Group eyes Chechnya project
Construction company said to be planning luxury hotel and sports complex in Russian region
Chechnya's provincial capital Grozny. (Getty Images)
Abu Dhabi-based Royal Group is eyeing investments in Russia's Muslim Chechnya region including a luxury hotel and a sports complex, the Chechen government has said.
"A delegation of one of the largest construction companies of the United Arab Emirates 'Royal Group' was in Grozny recently to determine areas for the construction of a modern five-star hotel, sports facility and a housing complex," said a statement from the press service of the Chechen leadership.
Chechnya is part of a patchwork of mainly Muslim republics that make up Russia's volatile North Caucasus, home to an Islamist insurgency whose most prominent leader claimed responsibility for a suicide bombing that killed 37 people at Moscow's busiest airport in January.
Its Kremlin-backed leader, Ramzan Kadyrov, had earlier asked the United Arab Emirates to invest 68.9 billion roubles ($2.44 billion) in some 17 projects, mostly hydro-electric power plants, in the province on Russia's southern border.
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