Silk Road Group announces Silk Tower in Batumi
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The Silk Road Group, with the financial support of Georgia’s Co-Investment Fund, has announced plans to build the Silk Tower in Georgia’s coastal Batumi City.
The Silk Tower project covers several stages and its construction will start in 2019.
The first stage of the project includes constructing of the Silk Tower and organizing of a yacht club and adjacent infrastructure.
The following stage includes additional residential buildings, a high-class casino and a hotel, entertaining centers, multifunctional hall and a congress center.
The whole project cost is 250 million USD.
The complex will be a new stage in Batumi development,” the Silk Road Group claims.
The Co-Investment Fund says the project will be socially and economically beneficial for Batumi.
The Trump Organisation and Silk Road Group, Trump's partner and developer in the project, announced the news in a joint statement released on January 6.
Today the world learnt the news that Trump will become the 45th President of the United States - the most powerful nation on the planet. Trump, who hasn't been involved in politics very long, has an interesting connection with the country Georgia.
An 18 million GEL investment is being made in a new hotel and entertainment complex in Batumi, on Georgia’s Black Sea coast.
A new hotel complex with two skyscrapers boasting 5,000 hotel rooms and apartments will open in Georgia’s Black Sea resort city Batumi next year.