Home / Economy / Government Sold 97 949 476 GEL State Properties in 2017
Government Sold 97 949 476 GEL State Properties in 2017

Government Sold 97 949 476 GEL State Properties in 2017

In 2017 Government of Georgia received 97 949 476 GEL revenues from sales of state property.

According to National State Property Agency, 1897 electronic auctions were announced in 2017 and the highest bid was recorded for the state property in Tsikhisdziri – 13 650 000 GEL.

The new owner plans to invest 20 million GEL in the space development and in construction of a hotel-complex with at least 100 suites.