Businessman Temur Tabagari plans to carry out several multi-million dollar projects. Jointly with Korean and European partners, Temur Tabagari will start construction of a tourist complex worth $ 30 million on Iagluja mountain in about 2 weeks.
The complex, which will include a 200-room hotel, 8 cottages and medical facilities will be built by a private person Temur Tabagari.
The investor purchased 70 000 square meters of the state -owned non-agricultural land for GEL 525 000.
Under the terms, the investor is obliged to invest $ 30 million over 2 years to implement and will employ 130 people.
According to him, the construction of a complex will be carried out by a specially created construction company Grand Master. Tabagari says that Korean and Spanish business partners were found through his own ties.
The Georgian businessman along with Korean and Spanish partners, is going to build the aqua park and an entertainment center on the funicular in the territory of about 8 hectares adjacent to the Mtatsminda park, the project’s value will be $ 30 million. The works will start in 10 days.
Tabagari intends to invest 5-10 million in the city of Rustavi, where an entertainment complex is going to be built near the Rustaveli movie theater.
Apart from these projects, the Georgian businessman wants to build a waste processing plant and for this purpose European partners will invest $ 120 million.
A few months ago, Deputy Director of Tbilservicegroup Levan Jgharkava told “Commersant” that along with the Tbilisi City Hall, Tbilservicegroup plans to build a garbage processing plant.
Jgharkava then claimed that a tender for the construction of the plant, which is a subject of interest from investors, would be announced at the beginning of next year.