MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

New Life of Tskaltubo – a large-scale investment project, which provides for the sale of 14 sanatoriums to investors at privatization auctions within the framework of the conceptual plan for the restoration and development of the resort, was presented by the Vice Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili to the guests invited to Tskaltubo.

The Prime Minister of Georgia, Irakli Gharibashvili, opened the event, which was attended by representatives of the diplomatic corps, international donor organizations and the business sector.

“Tskaltubo is our unique historical heritage. Unfortunately, in 1990s, the resort lost its glory, many things were destroyed during this period, but we still have a chance to preserve this unique cultural heritage and restore it in a way that will really bring new life to Tskaltubo,” – Levan Davitashvili ted noduring his speech at the presentation.

Within the framework of the general plan for the restoration of the resort, the state is putting up for sale 14 estates located in Tskaltubo including 5 premium class hotels, 5 middle class hotels and 4 different types of accommodation facilities.  Total value of all the property is approximately 50 million GEL. In addition, private investment in the amount of 500 million GEL will be made in the resort. According to the project, the state undertakes obligation to invest in order to transform Tskaltubo into an international level spa resort.

The project envisages creation of a unique, modern spa-resort in Tskaltubo, establishment of medical tourism, diversification of tourist offers, rehabilitation of the city centre and public spaces, rehabilitation of the urban space of the city centre. Implementation of the project developed by the Government of Georgia will make Tskaltubo a high-class resort that will host international and local tourists in all four seasons. Tskaltubo will offer its guest not only unique thermal waters, but also highest quality of recreation, ecology and natural monuments.

•    E-Catalogue of Investment Offers – https://bit.ly/3yFTQgf