Home / Economy / Jewish Investors Will Spend More than 100 mln USD in Georgia
Jewish Investors Will Spend More than 100 mln USD in Georgia

Jewish Investors Will Spend More than 100 mln USD in Georgia

Jewish investors plan to spend more than 100 million USD throughout Georgia. Icik Moshe states that there is a high interest in the tourism sector from Jewish investors.

Icik Moshe said to “Business Contact“that there exists 6 projects. Specifically, 5 of them were planned in the period of Mayor’s visit to Israel. Among those projects are included: hotel “Gergeti”,”Art Hotel”, boutique-hotel “Rustaveli”,  hotel apartments and business center.

“The volume of investment comprises more than 100 million USD, from where 40% goes to the project “Rixos“.”- notes Icik Moshe.

Rixos will be 5 star hotel, which will be ready by the end of this year. What about boutique-hotel “Rustaveli” project, will host the guests from May ongoing year. Its cost comprises 5 million USD.

“Gergeti and “Art Hotel” will be opened in 2017 and projects total cost makes up 37 million USD.

“From Israel investors mainly do not go beyond the country’s border. Meaning that even if one investor from Israel arrives here in Georgia throughout a year, Georgia will become the leading country for Jewish investors”- says Izik moShe.