Together with the Co-Investment fund Silk Road Group will construct Silk Tower in Batumi instead of Trump Tower.
Construction of $250-million Silk tower is due to start from 2019 year. The first stage of the project includes constructing of the Silk Tower and organizing of a yacht club and adjacent infrastructure.
Post-development phases include: additional residential complexes, high class hotel, casino, entertainment center, multifunctional hall and congress center.
“It is very important to introduce new standards of tourism services and infrastructure, in Adjara as well as in the whole of Georgia. The goal of Georgia’s co-investment fund is to finance and implement projects together with Georgian and foreign investors to support the country’s economic development.