Economy
Posted: 3 weeks ago

Artificial Island in Adjara - Ambassadori Group Starts Implementation of 100 Million Project

Today we are launching a unique, global-standard project that is truly exceptional in our region. This project covers two artificial peninsulas, Georgian Prime Minister Irakli Garibashvili stated in his speech at Ambassadori Batumi Island’s time capsule burial ceremony.

According to the Head of Government, at least 100 million USD will be invested in this project, and 2,000 local residents will be employed.

“I would like to greet all of you with enormous respect and congratulate you on this day because today we are launching a unique, global-standard project that is truly exceptional in our region. This project covers two artificial peninsulas, and one island will be built to bring together recreation and wellness, sports, educational, residential, and tourism directions, and I am confident that this investment project, the largest in the region, will further bolster Batumi’s solid international reputation and Adjara’s economic progress. I would like to greet the project’s initiator and our investor, Ambassadori Group’s leader, Mister Keburia and his family. I would like to thank Ambassadori Group, because this company has already invested tens of millions of dollars and, without exaggeration, has created truly unique projects in various Georgian regions, including Tbilisi, Kakheti, and Adjara. And now we have a project that is unique for our country and the entire region. Thus, I would like to thank the investor. At least 100 million USD will be invested in this project-this is what has been announced at the initial stage-and 2,000 local residents, our citizens, will be employed.

“Before obtaining a permit, the company and its founder completed all procedures, carried out the project’s assessment, engaged relevant research institutes, and this project has been developed by top-notch professionals. Generally, I would like to say that this project meets all applicable environmental and safety standards, which is very important to Batumi’s residents and our Adjara residents.

“Once again, I would like to thank Ambassadori Group, the project’s authors and initiators. This truly unique project is our pride and joy. On behalf of the Government, I would like to thank the group again and pledge our full support.

“Today we need such projects, such large-scale projects, to be implemented in the country. The fact that the group has decided to launch and carry out a project of this magnitude reiterates that unique conditions are put in place in Georgia today.

“As you know, our economic growth is in double digits, while the whole world is facing enormous challenges. Recession is almost everywhere, but we have been able to maintain, above all else, peace, stability, and strong economic development. What our country needs today is precisely the implementation of projects of this kind, strong economic advancement and progress, and this, of course, will create more jobs, greater revenues, wealth, and will bring greater prosperity to our citizens. This is our common wish, task, and dream. Once again, thank you. I wish you success,” the Prime Minister stated.

The event’s invited guests were also addressed by the Vice Prime Minister/Minister of Economy and Sustainable Development Levan Davitashvili, the Chairman of the Government of Adjara, Tornike Rizhvadze, and the Cofounder of Ambassadori Batumi Island, Fridon Katamadze.

Ambassadori Batumi Island’s large-scale project seeks to create two ultramodern artificial recreation and welfare peninsulas and one island and to put in place relevant infrastructure. Under the project, modern-standard commercial, entertainment, sports, educational, wellness and health, residential, and tourism and recreation infrastructure will be built. The project is fully implemented with private investments. To carry out the project’s initial phase, Ambassadori Group will invest 100 million USD, and construction work will employ 2,000 people.