Adjara Group has invested 55 million GEL in Sagarejo, Kakheti region in order to implement the project of Udabno.
As part of the project, the company is gradually mastering land area of 5,000 ha for development of agro-tourism and agro-production.
Nino Kvernadze, director of LLC Udabno, told BM.GE, that investment volume will be grown along with the project.
As for the investment of 55 million GEL, it was spent on land acquisition and infrastructure development. The investment also covered the costs of setting up gardens, vineyards, farms and operating expenditures.
“We started working on the project from 2017 and now we have vineyards and gardens of almonds and berries. In addition, a week ago we brought buffalo and goats from Italy to develop dairy farming. We are going to arrange a small poultry in the future,” says Nino Kvernadze.
According to her, construction of the concept hotel "from Farm to Table" was also planned within the project frame of Udabno. The facility will have its own gardens, farms and businesses.
“We will supply not only the hotel planned within the frame of Udabno but also other objects of Adjara Group. We are also continuing to work with our partner Georgian Farmers' Association and looking forward to deepening this cooperation”, says the director of project Udabno.
See all the news
რატომ ვერ ვმართეთ კორონავირუსი? - #Forbesკვირა პროლოგი გიორგი ისაკაძე
Q&A: Ek Law Office
LVMH and Tiffany Agree on Lower Price for $16 Billion Takeover
Woman in Charge
Hualing FIZ: Four New International Companies to Establish Free Zone Businesses in Georgia
Focus on Georgia - ADB
Focus on Ganja Gap in Nagorno-Karabakh’s Regional Conflict
Scientific Community Calls for Action Against Lockdowns
Georgian Government seize foreign-owned asset, referred to International Arbitration
Studying Abroad Costs Georgian Students €10,000–15,000
Franco Frattini - Georgia, straying from the rule of law
Letter to the Newsweek Editor: 'Russia Determined to Wield Power in Georgia'
Caspiannews: Georgia’s Actions to Seize Foreign Company Disrupt Telecommunications Corridor Between Europe & Asia
Turkish cable manufacturer Koc Kablo has opened its first factory in Georgia
TBC Bank announces management change
EU Local Statement on recent public comments with regards to the German Ambassador to Georgia
Oil prices fall further on virus fears, U.S. crude stock build
Georgia reports 3 new cases of coronavirus and 7 recoveries
The trend of demand for holiday houses is emerging - a study of the real estate consumer market