A former political prisoner, "Niba Invest"  co-founder Bakur Kighuradze plans to carry out the project worth $ 450 million in the Okrokana district.

As Kighuradze says,  the "City of the Future" will be built in  Okrokana, where houses, schools, kindergartens, university, shopping centers, parks and playgrounds will be placed.

The businessman explains that the project area will be developed  based  on   future vision and future technologies. Approximately $ 450 million will be spent on the  complex development. Kighuradze notes  that the work will be carried out in stages and the first stage, which cost will be $ 10-12 million, will be implemented  in 2017-19.

A 150 -room hotel is another project  on which "Niba Invest" is working. It is  known that the hotel will be built by the company’s partner "Uta". Kighuradze notes that the project with  the investment volume of  30 million is under development.

Bakur  Kighuradze also plans to build  greenhouses on the  area of 10 hectares in Gardabani region.

In his words, construction is expected to start in September this year.

Construction of  "Niba Delisi" will presumably  begin in April.

As reported, in total $ 24 million will be invested in  the project. One part of the funds will be  allocated by the Georgian  Co-Investment Fund (GCF)  while another- by "Bank of Georgia".

“Niba Delisi” will house a multifunctional trade centre on the  area of 35 thousand square meters that includes   4 underground parking  lots and a 5-storey shopping zone. The project will be completed by 2016.

Source:commersant.ge