Presidential Decree No. 8855 validating the Regulation on the national tourist area “Avaza”. | Land Portal

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LEX-FAOC104260
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5
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The President decrees to allocate area on the Eastern coast of the Caspian sea with defined administrative and territorial boundaries and with particular legal status with a view of creation of the national tourist area “Avaza”. Legal and natural persons shall operate in the aforesaid tourist area in accordance with contracts concluded with the authorized state institutions. Land on the territory of the national tourist area “Avaza” can be conceded to legal and natural persons of Turkmenistan in concession or lease and to foreign legal persons only in lease,. The period of lease shall not exceed 40 years.

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