Posted: 3 years ago

Capitol Group Plans to Develop Tourism Business in Shovi, 60 million USD Project Coming

Symmetry company, a member of Capitol Group, is interested in tourism infrastructure development in Shovi, Racha Region.

BM.Ge was told at Partnership Fund that the interested party has already submitted a proposal and negotiations are underway. 

Giorgi Jakhutashvili, head of the supervisory board of Symmetry explains that in partnership with the Kazakh investor, Symmetry has been developing a general design for Shovi development. The group considers financial cooperation issue with the Partnership Fund.

According to preliminary estimations, 60 million USD will be spent on Shovi tourism infrastructure development, including 15 million USD will be co-financed by Partnership Fund. 
The construction works will start in 2020.