A hub for digital nomads, or independent remote workers, is emerging in Issyk-Kul, a picturesque lake and mountain resort area of Kyrgyzstan in Central Asia. The ololoAkJol project will help entrepreneurs to work remotely and take advantage of co-working spaces, giving them the opportunity to realize their intellectual, entrepreneurial, and creative potential.
According to Pieter Levels, the founder of NomadList, a city-ranking service for digital nomads, there will be more than a billion digital nomads in the world in 15 years. Governments around the world are creating special zones and digital nomad visas to attract such people to their countries. Already, 500 people can live and work in ololoAkJol. Thanks to the investment from AV Ventures, ololoAkjol hopes to increase this number to 1,200 in three to four years.
Impact: Building a green resort supporting entrepreneurs and the creative economy
AV Ventures’ investment capital will be directed to the second stage of ololoAkJol’s transformation in the village of Kosh-Kol. This stage involves updating the room stock and preparing for the transition to a year-round work format. As the largest and greenest Issyk-Kul resort, ololoAkJol and its more than 22-hectare expanse will become a home for digital nomads — a place with co-working spaces where freelancers and entrepreneurs from Kyrgyzstan, other Asian countries, and around the world can live and work comfortably. The management team is led by the Ololo Group of companies, which spearheaded the co-working space movement in Bishkek and is a recognized leader in the tourism and entrepreneurship space.
“With AV Frontiers and CAIF, we have always felt their support; they believed in our ideas. Even now, as business partners, AV Frontiers is already helping us to look further. I think this is how healthy business partnerships should be. Issyk-Kul is a wonderful place with scenic views and good opportunities to relax, but it is still little known internationally, and the infrastructure is incomplete. We want to create a place where people will come, live, perhaps even with husbands, wives, and children. This means that we need kindergartens, schools, many different coffee shops, restaurants, clinics — that is, the entire infrastructure. In that way, we will be able to say that this is a true city ready to attract digital nomads!”— DANIAR AMANALIEV, CO-FOUNDER AND BUSINESS DIRECTOR OF THE OLOLO GROUP