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.
geotv.ge
“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

Print
Other Stories
7 citizens died from suspected CO poisoning in Tbilisi
Police are investigating the incident that took place on Ketevan Tsamebuli street, leaving seven people dead.
Miss Georgia 2009 to marry Rustavi 2 TV channel owner
Nanuka Gogichaishvili, a famous Georgian model and a former TV presenter of one of the leading TV broadcasting company Rustavi 2 is marrying to Nika Nakopia.
The Sun: Georgian girl speaks about Jack Shepherd
A 24-year old Georgian Maiko TChanturidze has spoken about the moment Jack Shepherd admitted he was wanted over the death crash.
New shirt with “Kmara” and “Borjghalo” symbols by Demna Gvasalia cost 491.67 Euros
Demna Gvasalia is a Georgian fashion designer, the creative director of Balenciaga and head designer of Vetements.
Returning from Germany to be a role model in Georgia
Tina Davadze, a young entrepreneur from Georgia, creates leather accessories in Kharagauli, Imereti (western region of Georgia).
Bera among 12 gorgeous men breaking beauty standards
Georgian rapper Bera Ivanishvili is among “12 Gorgeous Men Who Made Us Forget About Beauty Standards”.
Lia’s Georgian Cookery School opening in Oxford
The Oxford Times has recently published an article about Lia’s Cookery School opening in Oxford in January this year.
Georgian library opened at the Queens Library, New York City
Georgian library was opened at the Queens Library, a public library serving New York City.
Mikheil Saakashvili together with Georgian emigrants plan to return home
The former president of Georgia Mikheil Saakashvili has recently promised Georgian emigrants to return home.
Tako Natsvlishvili features in video for Pain de sucre
Tako Natsvlishvili, Georgian Model featured in a new video for Pain de Sucre.
Demna Gvasalia’s extraordinary collection at a hall full of animals
Famous Georgian designer Demna Gvasalia has recently showcased his latest collection at Paris Fashion Week.
Epiphany marked in Georgia
On January 19 Orthodox Georgians celebrate Epiphany feast.
Two persons detained in connection with Didi Dighomi accident
Two people have been detained in connection with the tragic incident in the Didi Dighomi district of Tbilisi
Measles outbreak ongoing in Georgia
A total of 312 cases of measles were reported in Georgia from January 1 through January 16
“Ironbark” will star Georgian actor Merab Ninidze with Benedict Cumberbatch
Famous Georgian actor Merab Ninidze will appear in Dominic Cooke’s film “Ironbark”.
Photographer Giorgi Zhamerashvili about the tragedy in Didi Dighomi
Yesterday on the 16th of January, gas explosion occurred in the Didi Dighomi district of Tbilisi.
Tbilisi City Hall provides 27 persons, damaged in explosion, with temporary accommodations
Tbilisi City Hall has provided 27 persons, damaged in the suspected natural gas leak explosion in Tbilisi yesterday, with temporary accommodations
Gas explosion in Tbilisi kills four, including one child
Four people, including one child, died and eight others were injured as a result of gas explosion
17 dead from flu virus in Georgia, but the dynamic is decreasing
17 people have died from clinically confirmed flu virus in Georgia so far.
Tourists climb over fence to enter Jvari Monastery in Mtskheta
Tourists have found an alternative way to enter the territory of Jvari Monastery in Mtskheta.
Georgian couple quitting their jobs  to travel
Georgian couple Elene Gelagutashvili and Giorgi Tevzadze quitted their jobs to embark on adventures to South America.
How is Georgia preparing for Eurovision Song Contest?
Eurovision Song Contest is one of the largest of its kind and around 300 million spectators are getting ready to watch the show.
Georgian emigrant cooking amazing desserts with sugar and ginger
Georgian emigrant Meri Chichiashvili cooks unusual desserts with sugar and ginger.
Khatia Buniatishvili with Zubin Mehta perform in Tsinandali Palace, Georgia
Last year, on the 14th of September famous Georgian pianist Khatia Buniatishvili and the Israeli conductor Zubin Mehta held concert in Tsinandali.
Irakli Grdzelishvili, Georgian actor to act in Grey’s Anatomy
Georgian actor Irakli Grdzeilishvili will participate in one of the most watched American TV series – Grey’s Anatomy.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
19.02.2019
20.02.2019
USD
1
USD
2.6404
2.6498
EUR
1
EUR
2.9908
2.9977
GBP
1
GBP
3.4130
3.4246
RUB
100
RUB
3.9898
4.0023
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
USD
1
USD
2.6498
EUR
1
EUR
2.9977
GBP
1
GBP
3.4246
RUB
100
RUB
4.0023