Noshrevan Namoradze, the founder of Villa Residence (VR Holding) says the development sector is of great importance for the stability of the country's economy.
According to the businessman, the total investment of "Villa Residence" is USD 200 million, which is "very beneficial for the country's economy".
"The development sector is one of the leading directions in Georgia, therefore, it is of great importance for the development of the country and the stability of the economy. A very visible example was the period of the pandemic, when the work of various businesses was interrupted or stopped altogether; At that time, the development sector was one of the main axes that continued working and development. It is also worth noting the development of adjacent industries and businesses are directly linked to our sector.
VR Holding, as a large developer, occupies an important position in the development of the economy. People from different countries of the world are interested in buying real estate in our project, both for residential and investment purposes. Therefore, with current transactions, there is an influx of investments into the country, which is directly related to the stability and prosperity of the country's economy," said the businessman.
