Business news from Ukraine

Business news from Ukraine

$40 MLN E-SPORTS ARENA TO BE BUILT IN UKRAINIAN CAPITAL

11 September , 2020  

Investments in the construction of a multifunctional e-sports arena with a capacity of 10,000 people in Kyiv will amount to $40 million, the co-founder of the Ukrainian multi-gaming e-sports organization Natus Vincere (NAVI), the founder of the DreamTeam gaming platform, Oleksandr Kokhanovsky, has said.

“We plan to build a multifunctional e-sports arena for $40 million, which will accommodate 10,000 people. It will be located in the center of Kyiv. There will be not only e-sports, but also ordinary sports, concerts, events, exhibitions, conferences there. The country does not yet have such a platform,” he said at the Kyiv Investment Forum.

According to him, Dnipro hotel in conjunction with the e-sports arena will allow holding up to 16 major e-sports events in Kyiv and will provide about 100,000 tourists annually. In addition, revenues to the local budget from tourist tax alone will amount to about UAH 40 million per year, the businessman added.

“Our main idea is that when we have a hotel and an arena, it will become a unique competitive advantage in order to participate in tenders for computer games developers for holding events. We will be able to receive from eight to 16 top events per year,” he explained.

Earlier, Kokhanovsky announced plans to reconstruct Dnipro hotel in one and a half to two years, having invested about $20 million in the project. According to the founder of NAVI, Smartland LLC, as one of the project partners, will be responsible for the management of real estate.

As reported, Smartland LLC bought Kyiv-based hotel Dnipro at an online auction for UAH 1.1 billion.

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