Objectives of the Real Estate/Hospitality Projects:
Objectives of the Real Estate/Hospitality Projects: MAK has determined its objectives, within the Real Estate/Hospitality business sector, to develop high quality buildings with designs of new concepts and with construction technology of international standard.
Within the above objectives, MAK plans to develop 41 floors MAK TOWER, five-star hotel, office and service complex, and TURTLE ROCK RESORT, five-star international hotel and tourist resort to be built in suburb of Ulaanbaatar (Gorkhi-Terelj Natural Park), and ZALAAT CLUB HOUSE, a guest house complex in Bogod Khan Mountain of Ulaanbaatar.
MAK TOWER and TURTLE ROCK projects are scheduled to complete in 2017. The Company has Technical Consultancy and Management Service contracts with Hyatt International Corp. Architectural designs of these projects were completed as results of the tender bid amongst 15 internationally experienced companies from USA, Italy, UK, Singapore, Malaysia and South Korea. The construction tender bid was organized at international level and LOTTE ENGINEERING & CONSTRUCTION LTD was selected. It started piling works for foundation in 2012.
For ZALAAT CLUB HOUSE, the architectural design was completed by team of companies from USA, Singapore, Malaysia and China. The civil work started in 2010 and it is scheduled to complete by 1Q 2014.