Our success stories
Kazan Smart City to date has 951 million USD of committed investment from three investors — Radiance Hospitality Group, Tatarstan Gulf Investment Company, and TGT Oil and Gas Services.
Radiance Hospitality Group
Radiance Hospitality Group is a Singapore-registered holding company with interest and equity within the Asia Pacific region. Its core businesses lie within the areas of management, operation and the co-ownership of hospitality businesses within the said region. The Radiance Hospitality Group has 13 hotel brands under its belt ranging from the luxurious five star Radiance Grand International Hotels to the budget two-star Replica Inn.
For purposes of education of qualified personnel Radiance Hospitality Group has its own developed program, which includes all the HR policy, management, recruiting methods and support of initiative, HR audit, and complex educative programs for Hotel managers and working staff.
In March 2013 in Kuala-Lumpur a Memorandum of Understanding was signed between Radiance Hospitality Group and Tatarstan Development Corporation regarding investment into Kazan Smart City. On 3 October 2013 an Investment Agreement between Tatarstan Investment Development Agency (TIDA) and Radiance Hospitality Group was signed at KazanSummit. The investment agreement was for 180 million USD for the construction of three facilities: a transit hotel, service apartments, and University of Management and Hospitality.
Tatarstan Gulf Investment Company
Tatarstan Gulf Investment Company (TGIC) was created in 2013 on the initiative of investment companies from Gulf countries specially to work on the project of Kazan Smart City. The founder are a group of investment companies from UAE, Qatar, Bahrain, Saudi Arabia, Kuwait, and Oman with wide experience in development of so-called smart cities on the Middle East.
A Memorandum of Understanding regarding Kazan Smart City was signed on 30 of April between the Tatarstan Development Company and TGIC (Tatarstan Gulf Investment Company). On 4 September 2013 a Cooperation Agreement was signed betweenTatarstan Development Corporation (TDC) and Tatarstan Gulf Investment Company in Kazan (Russia). On 3 October 2013, an Investment Agreement for a total of 760 million USD was signed between the Tatarstan Investment Development Agency (TIDA) and the Tatarstan Gulf Investment Company. Under this agreement, TGIC will develop within Kazan Smart City an Exhibition and Convention Center, office tower, interregional shopping mall, an office park, and a hotel.
TGT Oil and Gas Services
TGT Oil and Gas Services is an international oilfield service company
On 12 April 2013 TGT Oil and Gas Services and Tatarstan Development Corporation signed a Memorandum of Understanding on formation of Scientific research and industrial park. On 3 October 2013, an Investment Agreement for 11 million USD was signed at KazanSummt between the Tatarstan Investment Development Agency (TIDA) and TGT Oil and Gas Services. Under the agreement, TGT Oil and Gas Services will build an R&D and Industrial park, with laboratories, storages and industrial facilities, offices, and a business hotel.