16 residents have already been involved in the implementation of projects in the Caspian Cluster

Dagestan is currently actively working with 16 active residents within the framework of the Caspian Coastal Cluster project.
According to the Ministry of Tourism of the Republic of Dagestan, agreements have been concluded with all of them for the implementation of 18 investment projects with a total value
of 62.8 billion rubles. These are mostly hotel projects, but there is also one water park and another restaurant complex.

"Among the residents, the main anchor investor is the joint-stock company Sphere Group, which invests in the implementation of 
almost a third of the SEZ projects and plans to create 9 investment projects with a total cost of 47.63 billion rubles. Five
out of 9 investment projects have been approved by the Russian Ministry of Economic Development for concessional lending. The total amount
of subsidized concessional loans is about 16.5 billion rubles.
It is planned that most of the hotel facilities will reach the construction stage by the end of this year," the ministry said.