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Aric Group organized pistachio planting event on April 22, 2017.

Government Leases Land Plots to Foreign Company in Kakheti Region for 30 Years

Government of Georgia has leased land plots to Aric Group company in Kakheti Region for a period of 30 years.

472 985 square meter agricultural land plot in the village of Magharo, Sighnaghi Municipality; 1 020 818 square meter agricultural land plot in the village of Magharo, Sighnaghi Municipality; 235 600 square meter agricultural land plot in Kandauri Lands, Sagarejo Municipality and 552 70 square meter agricultural land plot in Kandauri Lands, Sagarejo Municipality. 

Annual leasing fee makes up 18 900 GEL.

The company is obliged to plant perennial plants in Sagarejio and Sighnaghi municipalities; Aric should also invest at least 100 000 GEL in the mentioned lands.

Aric Group is an investment Company founded by foreign capital. The company operates in agriculture, food industry and tourism fields. Aric Group and Partnership Fund signed memorandum on mutual understanding in 2017.

Aric Group is also building “green” tourist center of Vinicio Valley in Sagarejo District.