Another investment business opportunity supported by the Georgian government is the Smart Eco City Gino the biggest entertainment center in the Caucasus region, which is considered in the Hospitality & Real Estate sector. As we said in the previous articles, the Georgian government has a strong investment offer for investors, it has a liberal and free-market-oriented economic policy, access to a 2.3 billion consumer market through its solid FTA network including both EU and China, educated, skilled, and competitively priced workforce, 6 types of low and flat taxes, significantly decreased the number of licenses and permissions, well developed, integrated and multimodal transport infrastructure.
Smart Eco City Gino the biggest entertainment center in the Caucasus region
The idea of Smart Eco City GINO was initiated in 2009. The first stage began in 2010 and 30 million euros were invested in the construction of water park. GINO Paradise encompassing 15 hectares, which represents the biggest entertainment center in the Caucasus region. During the second stage in 2015, the master plan for the development of 25 hectares was approved by the city hall. The master plan consists of commercial, office, and entertainment centers, with a total area of 200000 sqm. Development of the project Smart Eco Green City started in 2016.
The feasibility study for the project was prepared by Cushman & Wakefield and the master plan for the development of the whole 260 hectares and sustainability vision of the Eco Green City is currently prepared by the Danish company “RAMBOLL”.
Development Company Idea City holds management. Investor, project development company Idea City together with Partnership Fund, is interested to attract debt and equity financing for the project.
To get more information about the best investment opportunities please do not hesitate to contact our experienced consultant at Avageorgia.ge and Get in touch with us to be able to know more about business plans and investment opportunities in Georgia.
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