Business
Posted: 2 weeks ago

Lexwell Suspends $30 million project in Gudauri

Lexwell suspended the $30 million project in Gudauri due to the situation in the tourism sector.

According to the founder of the company, Archil Khvedeliani, the project was underway, however, because of the unstable epidemiological and political situation in the country, the company decided to temporarily pause the project.

"It is a big project, 17 buildings should be built. We had everything ready for starting construction works and a pandemic started. We hoped to continue this year, however, the implementation of the project tied to the tourist location is no longer attractive at this stage.", noted Archil Khvedeliani.