Will construction of Trump Tower resume in Batumi?
10 November, 2016
Will construction of Trump Tower resume in Batumi?
The electoral fever that was going on in the United States has spread all over the world. There is still a big question mark about what is going to happen during the next four years as everybody knows well that Donald Trump and Vladimir Putin have some positive feelings towards each other. There are different opinions about the American President-elect and it is interesting to review Donald Trump’s contacts with Georgia.

The President-elect of the United States visited Georgia on April
12, 2012, when the presentation of Trump Tower held in Batumi. The event was attended by Trump and the then President of Georgia Mikheil Saakashvili, who had said that it would be one of the most expensive and strategically important projects for Georgia. Donald Trump also gave a speech.
“It is a great honor for me to be in Georgia. I have known Giorgi Ramishvili (the Head of Silk Road Group and Trump’s partner in Georgia) for quite a long time and I know he never stops. My group knows the situation very well and that is why we have agreed to invest here. The people who live in Batumi know everything very well as they see everything with their own eyes, but I want to say, Mr. President, that in other countries everybody’s talking about you. You are a great person. I spent beautiful days here and I will return to Georgia many times,” Donald Trump said during his speech in 2012.

The agreement between Trump’s organization and Silk Road Group was signed in 2011, during Saakashvili’s visit to the United States. The Trump Tower project is headed by Silk Road Group, a Georgian conglomerate, with interests in transport, TV communications, banking and real estate spheres.

Trump Tower in Batumi was supposed to be a 47-storey building with 80 to 700 square meter apartments and with a view to the Black Sea coast. In spite of the fact that the project was very loudly presented, it was never implemented and the questions have already arose whether it will be possible now, when trump won the Presidential elections, to carry it out. Some people also ask whether the project stopped because of Saakashvili leaving the office in 2012.

We asked these questions to the head of Marketing and PR department of Silk Road Group, Ako Akhalaia.

- Donald Trump becoming the President of the Unites States has absolutely nothing in common with this project. We have an agreement with his organization and subsequently, only we can decide whether it will be implemented or not.

- Why was the project stopped?

- When the beginning of the Trump Tower project was presented to the public in 2012, there was a different, more stable political environment in our neighboring countries like Ukraine and Azerbaijan. We planned to sell the real estate to the citizens of those countries. We are an organization who implements projects and wants them to be profitable and successful. But today, as we know, there is no sense in trying to carry out this specific project because it won’t be profitable.

- Is it possible that in the near future Trump Tower will finally be built?

- Only if we see that there is a strong demand in the region for high-class apartments. At this time, we are negotiating the possibility of changing this project. If at first it was supposed to be a 47-storey building, now we may begin with a smaller one. At this stage we have no specific agreement but we do have a license agreement with Donald Trump, which means that we can use the brand as well as many other opportunities that we cannot disclose now for particular reasons. Also, we were talking about 250 to 300 million dollar investments that we needed to build the tower and that would be fully invested by Silk Road Group.

By Eka Gadakhabadze

Related Stories:

Kakheti region among 15 perfect places for Americans to emigrate to – The Telegraph

Donald Trump captured together with Georgian celebrities

Other Stories
International Festival of classical music to be held in Batumi
At the end of this week an International Festival of classic music will kick off for the 6th time in Batumi, Georgia’s beautiful seaside city.
Georgians who beat the world record
There are many Georgians among the world recordsmen. Georgians managed to beat the world record for 78 times to date. Today we explore four of them.
Jenny Brunt speaks about Georgia with Georgian Journal
Jenny Brunt is among the most famous models worldwide. She used to be on the covers of different international magazines in the 1990s.
Tako Natsvlishvili wearing Pain de Sucre - photographed by David Bellemere
Tako Natsvlishvili is a 19-yeal old model from Georgia. She has recently been photographed by a prominent French photographer David Bellemere.
Former Georgian plastic surgeon who owns a restaurant in New York
Maia Acquaviva is a Georgian former surgeon, who worked in one of the clinics here in Tbilisi, but decided to go to the USA and start a business there.
David Beckham first saw Victoria Adams in Tbilisi
Tbilisi is truly a magical city. It brings many people and cultures together, even connects future spouses. Do you think we are joking? Not at all.
Georgia should be at the top of every travel destination list – says German photographer about Georgia
The German Chancellor Angela Merkel visits Georgia tomorrow and possibly as a result of this visit the German media is currently writing a lot about Georgia.
Alexander Julakidze - Georgian pianist based in Jerusalem
A well-known Georgian pianist Alexander Julakidze has successfully participated in a variety of piano competitions. He currently lives in Jerusalem, Israel contributing to Georgia’s popularity all over the world.
Anna Kendrick in David Koma’s dress
The readers of the Georgian Journal will definitely have heard about David Koma, a young and talented Georgian designer based in London.
Medical tourism increases in Georgia
In the first quarter of 2018, Georgia was visited by 13 900 foreigners for medical and recovery purposes. The level is 61.2 % higher than the same period in 2017.
Rebellious and successful Georgian model based in Barcelona
Remember we told you a story this week about a Georgian model Paloma Anastasia Mikadze, who currently is based in Barcelona and is quite successful there?
Georgian Rubik’s Cube solver Vako Marchilashvili breaks the Guinness World Record
Vako Marchilashvili is a young Rubik’s Cube solver from Georgia. He participated in “Georgia’s Got Talent 2017 “and introduced his genius abilities to the Georgian public.
Turkish born Georgian sisters sing a beautiful song
There are many Georgians, who live in Turkey, but maintain Georgian culture and heritage.
What types of transport can Georgia offer tourists?
Train, subway, bus, mini-bus, taxi and airplane – these are the types of transport that Georgia can offer tourists.
Chris Botti to perform in Georgia
American trumpeter Chris Botti arrived in Georgia yesterday. Today the musician is due to perform with the Georgian singer Nani Bregvadze.
Georgian schoolchildren create Robot “Vano”
Georgian students from the Guivy Zaldastanishvili American Academy in Tbilisi have created a robot named Vano.
Khatia Buniatishvili performs with the Estonian Festival Orchestra at the Proms in London
On the 13th of August, Paavo Järvi and the Estonian Festival Orchestra performed at the Royal Albert Hall in London during its famous Proms season.
Paloma Anastasia Mikadze, an Instagram star from Georgia
Anastasia Mikadze is a Georgian social network star from Georgia. She shares her ideas about fashion, interior design and healthy lifestyle with hundreds of followers on Instagram.
Georgian lifeguard who saved life of nearly 700 people
Gocha Bilvanidze, the Head of the Maritime Rescue Service has been with the organization for eight years now. He has saved the lives of around 700 people during that time.
Children of Georgian migrant to the USA Parten Chikviladze (Peter Chiglo) visit Georgia
A 16-year Parten Chikviladze from Racha (the western part of Georgia) left Georgian 1913 for America, never to return back.
 Surprising proposal by a Georgian Soldier
The video of a Georgian Cadet Soldier’s proposal to his girlfriend has gone viral on the social media. He proposed to her in the presence of other soldiers in front of the Academy.
The 10th anniversary of the 2008 war through a young graphic designer’s eye
A 23-year old Nika Chalakhshasvhili is a graphic designer from Georgia. He has created some interesting illustrations to express his protest against the Russian occupation of Georgian territory:
Georgian policewomen: stereotypes and reality
The number of female members in the Security Forces is increasing year after year.
Georgian entrant who got top marks in two subjects
Devi Oniani is a graduate of the 55th Public School, Tbilisi, Georgia.
What is behind the collection “Family and War” by Demna Gvasalia
A Georgian fashion designer, the Creative Director of Balenciaga and Head Designer at Vetements, presented a collection named “Family and War” during Paris Fashion Week.
Exchange Rates
GEL Exchange Rate
Other Stories
World famous British singer Jessie J has decided to wear clothes made by Anouki Areshidze, Georgian designer and wife of the mayor of Tbilisi.
Bassiani, one of the most popular underground clubs not only in Georgia but throughout Europe as well, has opened today
An amazing video made in Georgia by tourists from the Philippines have gone viral on the internet.
Over the recent two days May 12-13 Tbilisi city saw a peaceful protest rally in the center of the city.
Hundreds of people took to the main street Rustaveli Avenue in Tbilisi to protest the raid in Tbilisi’s popular night clubs.
Two bear cubs listed as endangered on the red list were handed over to Tbilisi Zoo,
Tbilisi Mayor Kakha Kaladze and Deputy Tbilisi Mayor Ms. Sophio Khuntsaria have gifted a food stand
Pamela Anderson, famous Canadian American actress and model has appeared in the chic sunglasses by internationally acclaimed Georgian designer George Keburia.
A ski lift accident in Georgia’s eastern Gudauri resort,in particular at Sadzele 5 lift, has left 8 people with injuries.
The ski lift in Gudauri winter resort in Georgia has broke down in the aftermath of which several people have been injured.
GEL Exchange
September 2018
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 29 30