Tourist Complex to Be Built in Georgia’s Racha Region
27 May, 2016
Tourist Complex to Be Built in Georgia’s Racha Region
Tbilisi – United Arab Emirates-based company Israel Ahmadov Investment announced that it will build a USD 500 million tourist complex near Shaori Lake in western Georgia’s mountainous Racha region.

The first stage of the project will include the construction of hotels and holiday homes. Cottages and residential houses will also be built during the second stage. In total, the complex will include four hotels, a 1,500 square meter yacht club and several restaurants.

The complex will have a special cottage zone
with rooms that can accommodate up to five people. The project’s plan also includes the construction of a golf course and racetrack.

Israel Akhmadov Investment currently conducts geological and environmental studies to identify suitable sites for tourist complexes.

If the company obtains a building permit, it does so with the understanding that it must preserve the property’s existing landscape and green space.

Israel Akhmadov is also interested in other large-scale projects in western Georgia, including the completion of a canning factory in Zugdidi and an airport in Senaki.

By Eka Karsaulidze

Source: Georgia Today
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PHOTO OF THE DAY
GEL Exchange Rate
Convertor
08.08.2020
09.08.2020
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3.0758
EUR
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EUR
3.6356
3.6356
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GBP
4.0262
4.0262
RUB
100
RUB
4.1811
4.1811
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GEL Exchange
USD
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USD
3.0758
EUR
1
EUR
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GBP
1
GBP
4.0262
RUB
100
RUB
4.1811
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