Officials mark launch of Black Sea region’s “first world trade centre” in Tbilisi

Georgian officials and business leaders on Thursday marked the launch of Axis Towers, a complex promoted as the “first world trade centre” in the Black Sea region, in capital Tbilisi.

A joint project of the Axis development company and the Georgian state Co-Investment Fund, the centre was praised by Prime Minister Irakli Garibashvili as a “completely Georgian project” in the ceremony.

The Government head said the “scale and importance” of the complex had the potential to become a “symbol of the successful development” of architecture and engineering in the country, and noted investment figures of the project.

Photo: Government Administration

The latter is estimated at around $500 million, with direct investment of $150 million in the project, the Government Administration said.

I am sure that with its individual style and sophisticated design it will become a distinctive place for our city and our country, for many tourists [and] everyone who visits this city”, the PM said in his address at the unveiling.

Axis Towers include residential, hotel, commercial, office and entertainment functions, with the double buildings reaching the height of 147 metres with 41 floors in the downtown.