One of the largest Saudi companies in the field of real estate Green Valley International Real Estate Group is waiting for Tbilisi government resolution on the implementation of a major project Green Valley City in the resort suburb of Tabakhmela.
The project includes a number of villas and apartments.
In addition, in the near future the company intends to get permission to build two 21-storey towers in Batumi with apartments, offices and shops will be located. The total cost of both projects is 300 million. Dollars.
Green Valley City will be located on an area of 88 000 square meters, 35% of which will be covered with greenery. The project is a synthesis of modern architecture and the highest environmental standards. It is planned to build 10 buildings which will be meant for 510 apartments of different types – studio, one and two-bedroom.
Private houses and luxury class villas will be also built. Recreational services of various types will be introduced in the Green Valley City, it is planned to build a swimming pool, tennis courts, halls for football and basketball, as well as gardens, Turkish baths, a supermarket, restaurants, cafes and various shops.
The project “Batumi Towers” will be the biggest in the real estate market. It will consist of two towers of modern design and large shopping centers. Buildings will have their own access to the Black Sea coast –it will be the only residential complex in Batumi, which will have its own section of the shore.
“Batumi Towers” will be located in the heart of the city, near the most important city sites. The complex will have restaurants of western and oriental cuisine, and the buildings will connected via the underground tunnel.
It is also planned to open two swimming pools, a gym, and a sauna. One square meter in the towers willcost $ 1 300-1 500.
According to the company’s general manager, Georgia is one of the most attractive places in Europe for the development of the real estate market.
“For this the country has all the necessary – the environment, economic and political stability, good infrastructure, a good business climate and the optimal tax system. The second significant factor is the geographical proximity of Georgia to the Arab world,”- he says.