Georgian President launches hotel complexes’ construction on Black Sea coast
Georgia, Tbilisi, Nov.13 / Trend N. Kirtskhalia /
The Georgian President Mikheil Saakashvili attended an event due to the start of construction of 20 hotel complexes in the Kobuleti Free Tourist Zone on the Black Sea coast of the country on Saturday.
"Today the construction of 20 new hotels will be launched and the foundation stones of 12 buildings have been laid. Later, those companies that will construct eight hotels will be determined," Saakashvili said.
Twenty hotels will be built in the Kobuleti Free Tourist Zone on the 15 projects approved by the Georgian Government. The governmental commission has already determined eight investors, who will start the construction of hotel complexes.
Under to the project, hotel buildings of three types are planned to be built on an area of 11.3 hectares. The approved design and construction documents are handed over to customer free of charge. In the case of timely completion of the construction, the government promises the investor exemption from taxes on property and profit for 15 years.
Saakashvili called the construction as "perfect example" of cooperation of the authorities and business. He said the construction will employ 1,000 people, and after commissioning hotels complexes in 2012, the number of people employed in them will reach 3,000 people.
Saakashvili stressed that the authorities keep their promise on population's employment.