“Elbasy Fund”, which belongs to the first President of Kazakhstan Nursultan Nazarbayev, transferred to the state ownership of the Rixos Beldibi Hotel in Turkish Antalya. It is reported by Forbes.kz.
The object was registered in the bases as Alatau Hotel JSC. The country has been owning a five-star hotel for 15 years, but after a number of steps he went into the ownership of the ex-president Nursultan Nazarbayev.
In February 2022, the Kazakhstan Committee of State Property and Privatization transferred the rights to own and use the state stake in the Alatau Hotel JSC to the Presidential Affairs Management of the President of Kazakhstan. At the same time, there are no explanations about the authorities about how the share of the former president was transferred to the authorities. It could be a purchase-sale transaction or a gift agreement.
Now Rixos Beldibi has completely passed into the possession and use of the management of the President of Kazakhstan and is indicated on his website in the section of subordinate organizations.