The most large-scale projects implemented in Georgia
23 April, 2018
The most large-scale projects implemented in Georgia
Big budget projects – this is one of the main prerequisites for the development of the country. Currently, financial turnover starts in the country, big investments are made in the country’s economy and more people are employed. The country becomes more notable on the world map and more people become interested in investing or traveling in the country.

Over last years, many large-scaleand pricy projects were being implemented in Georgia, that had positive effect on the development of county’s economy.
The most notable projects of the recent times in various directions are “Anaklia City,” “ The Hotel Biltmore Tbilisi” and new Baku-Tbilisi-Kars Railway line.
geotv.ge
“Anaklia City” – construction of new port in Anaklia will provide favorable conditions for the development of logistics centers and industrial zones, what will significantly increase cargo turnover on Georgia’s territory. What is the most important, the project will have positive social-economical impact on western Georgia – thousands of new jobs will be created.

The sponsor of the project is Anaklia Development Consortium LLC (TBC Holdings and Conti Group). Its total value is $ 2.5 billion, out of this 586 million will be invested in the construction of the first phase. The state will hand over 1000 hectares of land with long-term lease to the state investor and will provide the construction of the road and railway linked to the port. The port will be built in 9 phases and its annual capacity will reach 100 million tons of cargo. The state gives the status of a free industrial zone for the surrounding territory of the port.
geotv.ge

The investments in hospitality business are also noteworthy. “The Biltmore Tbilisi,” which is one of the most big budget foreign investments in the country, became the symbol of Tbilisi. The 5-star hotel is located in the 32-floor building reaching 138 meters in eight.  The Biltmore Tbilisi is the part of Millennium Hotels & Resorts’s Biltmore Collection. Biltmore Collection includes only the hotels of the highest class, built on the places with the historic past. “ The Biltmore Tbilisi,” as the part of “Biltmore Collection,” is also located in the historic building. This is Imeli Building - the typical example of the Soviet architecture.

After the collapse of the Soviet Union, it housed the Parliament of Georgia were the first constitution of the independent Georgia was adopted. Nowadays, the conferences of the international level are held in the historic amphitheater of Imeli building. The Biltmore Tbilisi is the only hotel in Georgia which is housed in such historic building. Also, it is the first hotel of Millennium Hotels and Resorts in Eastern Europe.

The managing company of the Biltmore Tbilisi is Millennium Hotels and Resorts, while the owner is “Dhabi Group.” The head of the “Dhabi Group” is Sheikh Mansour bin Zayed Al Nahyan, member of the Abu Dhabi Royal Family and Minister of Presidential Affairs for the UAE. The $ 140 million investment in the construction of the hotel was made by "Dhabi Group".

“The Biltmore Tbilisi” is the tallest hotel not only in Georgia, but throughout the whole Caucasus Region as well.
geotv.ge
Baku-Tbilisi-Kars railway line – one of the most important project for the country is the construction of Baku-Tbilisi-Kars railway. The implementation of this project will provide an alternative railway route linking Asia and Europe, what means the development of international transport corridor of historic Silk Road, TRACECA, which will strengthen the position of Georgia, as the competitive linking route of Asia and Europe.

Baku-Tbilisi-Kars Railway was officially opened on October 30, 2017. The opening of the route was attended by Turkish President Recep Tayyip Erdogan, Georgian Prime Minister Giorgi Kvirikashvili, Kazakh Prime Minister Bakytzhan Sagintayev and Uzbek Premier Abdullah Aripov.

Opening of the railway was positively assessed by EU. Europen Union called it a major step in transport interconnections linking the European Union, Turkey, Georgia, Azerbaijan, and Central Asia.

The length of the Baku-Tbilisi-Kars railway is 826 kilometers. Out of this 254-kilometers line is located on the territory of Georgia. The project is financed by the Republic of Azerbaijan.

In the beginning, it is expected to have the capacity of 6,5 million tons of cargo, while in long-term increasing this data to 17 million tons of cargo is planned.
This is the short list of the projects that have positive effect on the development of Georgia. According to the experts of economy, implementation of similar projects is one of the prerequisites for developing the population welfare rate and improving the country’s economic conditions.
Print
Other Stories
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
The New York Times: Bitcoin declines but Georgia still bet on it
The New York Times has recently published an article about reasons, challenges and causes of generating Bitcoin in the former Soviet country Georgia.
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
Biblusi opens first shop for tourists - Georgian
The largest book shop in Georgia Biblusi opens the first shop specially designated to the needs and interests of tourists and named it Georgian.
Georgia improves by five ranks in the Prosperity Index
In the overall Prosperity Index rankings, Georgia has climbed by 5 positions from 85 to 80 when compared to last year. As such, Georgia is the best performing country in the CIS zone.
The future is bright for electric cars in Georgia
The numerous hybrid cars in the streets of Tbilisi cannot be overlooked. Entrepreneur Sulkhan Gvalia calls them “pagers”, referring to the predecessor of mobile phones.
Georgia’s fight against the big tiny enemy – Asian Parosana
It’s a tiny creature, but the harm it did to the Georgian agriculture sector was and still is immense.
New cable route: from Kobi to Gudauri in 15 minutes
On the 15th of December, cable transport is scheduled to be opened connecting Kobi and Gudauri.
Tourist boom in Gudauri – majority of hotels are booked by foreigners
Gudauri is among the most popular winter resorts in Georgia.
Medical tourism increases in Georgia
In the last 9 months, Georgia was visited by 19 500 foreigners for medical and recovery purposes.
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
18.02.2019
19.02.2019
USD
1
USD
2.6413
2.6404
EUR
1
EUR
2.9791
2.9908
GBP
1
GBP
3.3851
3.4130
RUB
100
RUB
3.9608
3.9898
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.6404
EUR
1
EUR
2.9908
GBP
1
GBP
3.4130
RUB
100
RUB
3.9898
February 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28