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Investments in Tsinandali Estate Exceeds 50mln USD

Investments in Tsinandali Estate Exceeds 50mln USD

Foundation of the 2019 classic music festival in Tsinandali Estate was marked by a concert of Israel Philharmonic Orchestra and Khatia Buniatishvili.

A day earlier before the concert, the festival organizers held a news conference at Radisson Hotel. Minister of Finance Dimitri Kumsishvili attended the news conference, as well as founders of Verbier Festival Mr. Avi Shoshan and Mr. Martin Engström. As a result of successful cooperation between private sector and government of Georgia, starting 2019 Tsinandali Estate will grow into an international culture and education center. Foundation of a musics academy is one of the components of a big plan, which is being developed by Silk Road Group and its partners for more than 10 years. During this period, more than 50mln USD was invested in the Tsinandali Estate. Museum and its garden were rehabilitated, historical vineyards were restored, modern winery was built, as well as a concert hall for 1200 spectators. In 2018 Radisson hotel 140 suites will be also unveiled.

“All these efforts are taken to the benefit of Georgian society, for our youth, future generations. I believe that Tsinandali Estate will grow into an international culture and education center”, Silk Road Group founder Giorgi Ramishvili said.