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14 Million USD Investment to Grant for Construction Business

14 Million USD investment will be granted for Georgian construction business. The presentation concerning implementation of investment will take place in Hotel Ambassador at 13.00. The investor is a Tbilisi-born Saint Petersburg Businessman, Iuri Sarkisiani who has 40 years of experience in business management.

The investor entered the market of construction sector with “New Tbilisi” brand. “New Gldani” is an unique complex where 150 people are employed.

The depute minister of Economy, Ketevan Bochorishvili and Tbilisi vice mayor, Lasha Abashidze will open the event.

There is already 5 million USD investment granted for New Tbilisi project and there will be more 9 million investment added in the next 3 years. Currently, all research works are completed in New Gldani and construction process is in the active phase. 

The first part of construction will be completed in 2018. However, construction of the whole complex will be finished in 2020.