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28 May 2012

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Ukraine's Smart seeks $1bn for Balaklava, Crimea

Kiev-based Smart Holding is aiming to raise up to $1.2bn of investment for its Balaklava Green Resort project, 15 km from Sevastopol, Crimea. Plans presented at MIPIM last week by Smart projects director Sergej Ovcinikov showed the scheme envisages a year-round multifunctional resort over 750 ha of land in uncultivated areas of the bay of Balaklava.

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