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World Chess Federation to Build Hotels in Russia
9.08.2007 17:04
World Chess Federation to Build Hotels in Russia

The worlds second largest chess federation (FIDE) intends to build hotels in 165 countries. All hotels are said to be in the shape of chess figures. FIDE plans to build 150 hotels and chess centres within the nearest four years. According to FIDE president Kirsan Ilyumzhinov, at the first stage nearly US$1 billion is to be allotted for bringing the plans to life.
      The total cost of the project is estimated at US$50 billion. It is already known that a number of chess centres and hotel complexes will first appear in Chisinau (Moldova), Peoples Republic of China, and such Russian cities as Samara, Yekaterinburg, and Khanty-Mansiysk.
      Another grandiose part of the FIDE project is building of a chess city that will consist of 32 hotels in the shape of chess in the UAE. It is an expensive project but FIDE has already arranged a settlement with several investors.
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