Armenians plan to build two hotels in Kobuleti resort town, Georgia

Armenian investments in georgian travel business.
The Armenian businessmen intend to invest $5m in tourist zone of the Georgian Kobuleti resort located on Black Sea coast.


The entrepreneurs have already held a meeting with the representatives of Georgian Economy Ministry, Business Georgia reported. Applications for the construction of two hotels have been already submitted. Presently consultations concerning Anaklia area – seaside resort in Western Georgia, are being held. A total of $2 m is planned to be invested in Anaklia.

At the moment 20 investors are operating in a free tourist zone of Kobuleti which is one of the most popular summer resorts among Armenian tourists.

Source: Financial Armenia Blog