Slovenian Company to Build Hotel Complex in Moscow

Slovenian civil engineering company Riko Hise will build a EUR 130m commercial and hotel complex within the Luzhniki Olympic Complex in Moscow, the company said.

According to Riko, company director Janez Skrabec signed on Wednesday with the director of the Luzhniki Complex Vladimir Alyoshin a letter of intent on the construction of the complex.
The letter was also signed by the main lenders in the project, the Slovenian Export Corporation and NLB, Slovenia's largest bank.
Riko said the complex was to become one of the biggest sport and recreational centres in the world.
The project has been commissioned by the Luzhniki Olympic Complex Company, established by the city of Moscow, a major shareholder in the company.
Similarly to its previous project in Russia, the construction of the Peter I Hotel in Moscow, Riko Hise will provide the loan for the project.
The signing of the letter of intent was attended by Slovenian Economy Minister Andrej Vizjak, who paid a visit to Russia earlier last week.

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