Georgian PM lays foundation of construction of $100 mln artificial island in Batumi

Georgia Materials 3 September 2022 22:25 (UTC +04:00)

Georgian Prime Minister Irakli Garibashvili has laid the capsule for the construction of the $100 million “largest investment project” of Ambassador Batumi Island in the Black Sea resort city of Batumi that will employ 2,000 people, the Government Administration announced on Saturday, Trend reports citing Agenda.

The palm-shaped Ambassador Batumi Island includes the creation of two artificial peninsulas and one island of the ultra-modern entertainment-refreshing type resort and the arrangement of the relevant infrastructure on them, the Government’s Administration said adding it would combine entertainment-health, sports, educational, commercial, and residential tourist destinations.

$100 mln to be invested in the palm-shaped artificial island planned for the Black Sea town of Batumi
Photo: PM's press office

Today we are launching a unique, world-class project that is truly outstanding in the Black Sea region”, Garibashvili noted, adding that the project would contribute to the growth of the “already strong” international reputation of Batumi and the economic progress of Adjara.

He hailed the initiator of the project and investor Tornike Keburia, the head of Ambassador Group and his family, saying the company has created “truly unique” projects in different regions of Georgia, including the capital city of Tbilisi, Georgia’s wine region of Kakheti, and the seaside resort town in Adjara.

This truly unique project makes us all happy. On behalf of our [Georgian] government, I would like to thank this group once again and express our [Government’s] full support," the Prime Minister said.

Also, before issuing the construction permit, the Prime Minister pointed out that the company and its founder went through all the necessary procedures, carried out the expertise of the project, involved relevant research institutes, adding that the project has complied with the environmental and safety standards.

Garibashvili also said the country “needed to implement'' such large-scale projects, emphasising that the decision of the Ambassador Group to start this project once again shows that today there are “unique conditions” in Georgia.

Economy Minister Levan Davitashvili, PM Irakli Garibashvil, Chairman of Adjara Gov't Tornike Rijvadze. Photo: PM's press office

He once again highlighted the double-digit economic growth in Georgia wishing creation of “more jobs, income, wealth and more prosperity for Georgian citizens”.

Levan Davitashvili, Vice Prime Minister, Minister of Economy and Sustainable Development, Tornike Rijvadze, Chairman of Adjara Government and co-founder of Ambassador Batumi Island Pridon Katamadze also addressed the guests invited to the event.