Construction of Multifunctional Complex Launched in Batumi

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The FINANCIAL — Minister of Economy and Sustainable Development of Georgia attended the presentation of a new large-scale project – construction of multi-functional complex. It was signed the agreement on construction of two 5-star hotels by the operator. Head of Adjara Government and other officials also attended the event.

Construction works of the project White Sails shall be implemented by the AR Meridians Ltd. The company shall invest 30 million USD within the several years. According to the project, apart from the hotels, there shall be constructed at least six apart-hotels, a casino, a conference room, a fitness center and various types of food facilities as well as recreation area and parking shall be built on the plot of at least 13 000 m2 (thirteen thousand square meters), according to Ministry of Economy and Sustainable Development of Georgia.

Dimitry Kumsishvili greeted the audience and focused on the importance of the development of tourism infrastructure in Georgia. The Minister noted that according to the data of the 2nd quarter of this year, indicators of the direct foreign investment are positive since the volume of investments is increasing. According to the Minister, it all points to the fact that the government is implementing the proper economic policy. “That is why we have all those new projects and investments in every region” – Dimitry Kumsishvili stated. 

Within the implementation of the project hundreds of new jobs shall be created in the region – at least 300 people will be involved in the construction works while 250 people will be hired to work at the complex after it starts operating. Georgian citizens shall compound tt least 80% of the total number of the employees. 

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