At the end of October a tender will be announced to select an investor for the development of the Arkhyz resort in Karachaevo-Cherkessia. So far three companies have expressed their interest in the project: Krasnaya Polyana, Sinara and AFK Sistema. Identification of the anchor investor who will be involved in further development of Arkhyz resort is to be completed by the end of this year. Currently there are 27 kilometers of slopes at the resort. There are 36 residents registered on the territory of the special economic zone. The volume of declared private investments amounts to ₽13,5 billion.