Economy minister expects private sector to invest and ‘actively’ participate in Tskaltubo spa project

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Georgian Economy Minister Levan Davitashvili said on Tuesday he expects the private sector to be “very active” and invest at least ₾500 million (about $170 million/US$166 million). euros) in the rehabilitation project of the seaside resort of Tskaltubo, in western Georgia.

Davitashvili said the project would create at least 3,200 jobs directly – both during construction and rehabilitation works and subsequent operation – over the next few years and have a “significant ripple effect” on the region over the next few years. wider.

The project includes the creation of a “unique and modern” spa resort in Tskaltubo, the establishment of medical tourism services, the rehabilitation of the city center and public spaces, as well as the opening of five high-end hotels and five middle-class hotels, in addition to four other establishments offering different types of accommodation.

Photo: Ministry of Economy.

Davitashvili noted that the infrastructure would allow the resort to accommodate up to 350,000 visitors and become an “attractive place for investment” not only for hotels but also for supporting infrastructure for the tourism industry. . The minister estimated that the project would increase local property prices tenfold.

This unique seaside resort is distinguished mainly by its healing waters and exceptional nature. […] These are thermal, carbonated and radioactive waters with unique properties, which have no analogues in the world,” Davitashvili said during the presentation.

In his statement, the minister also said that a “proper development” of the resort would see Tskaltubo join the list of “great spa towns” including Baden-Baden in Germany, Karlovy Vary in the Czech Republic and Montecatini Terme in Italy, highlighting the “full potential”. Georgian location to welcome visitors during all four seasons.

Davitashvili also hailed the role of Bidzina Ivanishvili, the former prime minister and founder of the Georgian Dream party, in the station’s restoration initiative.

The Tskaltubo’s New Life PDF project can be accessed at the following link

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