Who is behind Tbilisi Olympic village?
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Chinese investor Mi Enhua, the president of Hualing Group, has become Georgia’s largest investor after investing $500 million USD to implement the Tbilisi Olympic Village project.
Today at the Olympic Village opening ceremony Georgia’s Prime Minister Irakli Garibashvili thanked Enhua for the investments that the Chinese investor had spent in Georgia and called him a "distinguished investor”.
Since 2007 Mi Enkhua has spent $500 million USD in Georgia. This is the most important investment in our country. Last year, he was the largest investor of Georgia,” said Garibashvili.
The PM also thanked Enhua for building the Olympic village, which he called a "wonderful complex”.
The village is a sprawling complex of nine apartment buildings, a five-star hotel, sport centre and recreational zone over 50 square kilometres.
The Olympic village for the 2015 European Youth Olympic Festival – set to host 4000 athletes over a week of competition – was opened near Tbilisi Sea today. Photo from PM's Facebook page.
In recent years Enhua has been honoured with different titles in his home country.
He has been honoured with titles of 'Excellent China Characteristic Socialism Builder of No-Public Owners' by the United Front Work Department of CCCPC, the National Development and Reform Commission, Ministry of Personnel and China’s Administration for Industry and Commerce. Meanwhile, China's charity State Council awarded him with the ‘Patriot’ Award and Enhua occupied an honored place among 100 PRC’s Philanthropists. In 2005, he was named as a 'role model of labour relationships'. Enhua was also awarded the 'Honorary Charity Award' for outstanding charity activities and contribution to his homeland.
Today PM Garibashvili expressed readiness to support the Chinese investor’s activities in Georgia and promote implementation of other projects as well.
In return, Enhua spoke about the preferential investment environment of Georgia and thanked the country’s PM for supporting his investment projects.
Meanwhile, Alexi Akhvlediani from the Youth Olympic Festival Tbilisi 2015 Organising Committee believed the Festival would bring five times more income to Georgia.
It will cost $46 million USD to run the event and by our calculations, we are expecting a return of $212 million USD," Akhvlediani said.
The Festival is set to commence in Tbilisi on July 26 and involve nine sporting codes including judo, tennis, cycling and basketball.
The Olympic village for the 2015 European Youth Olympic Festival – set to host 4000 athletes over a week of competition – was opened near Tbilisi Sea on Monday.
A five-star hotel is set to open on the shorelines of Tbilisi Sea in May 2015. The facility will be part of the Tbilisi Sea New City, which is the largest project of Chinese Hualing Group in Georgia.
Representatives of the upcoming Youth Olympic Games have met with Georgian leader and inspected the facilities that will be used in the July 2015 international festival, where more than 4,000 athletes from 49 countries are expected to participate.
Prime Minister of Georgia Irakli Garibashvili hosted a delegation from Public Republic of China today with the aim of strengthening bilateral trade.
A new Chinese airline could soon make history by launching regular flights between Georgia and the United States (US). This was announced after Georgia’s Prime Minister Giorgi Kvirikashvili met a major Chinese investor in Tbilisi this afternoon.
Residents living in the eastern suburbs of Georgia’s capital Tbilisi are now able to receive pediatric and adult inpatient services in a new local hospital. Prime Minister Giorgi Kvirikashvili this afternoon opened a new, 100-bed hospital near Tbilisi Sea.