Aidyn Rakhimbayev, founder of BI Group—one of Central Asia’s largest development companies—says the firm has been observing Georgia’s real estate market for a long time and was actively seeking a reliable partner to enter the country. According to him, Archi Group is the right partner for BI Group’s expansion into the Georgian market.
BI Group, a major Central Asian developer, is entering Georgia through a strategic partnership with Archi and plans to jointly implement international-standard development projects. The companies are also preparing to announce a multifunctional residential complex in the near future. Founded in Kazakhstan 30 years ago, BI Group now operates in Uzbekistan, Azerbaijan, the United States, the United Arab Emirates (Dubai), and several Eastern European markets.
Rakhimbayev said Georgia is a highly promising investment destination, describing it as a country where investors can “safely invest boldly.” He noted that BI Group had been monitoring the market for years and emphasized that finding a trustworthy partner was crucial. “Such a partner is Archi,” he said, adding that he first met Archi co-founder Ilia Tsulaia at Harvard and that their personal acquaintance later developed into a business partnership.
In response, Archi co-founder Ilia Tsulaia welcomed BI Group’s entry into Georgia, calling it a significant development for the sector. He said the partnership between the two companies will help further strengthen and refine the Georgian real estate market through the introduction of advanced technologies and international standards.
About BI Group
BI Group is a major development holding with operations in multiple countries and is listed on the AIX and KASE stock exchanges. Its annual audit is conducted by KPMG, a member of the Big Four. Over 30 years, the company has built 145,000 apartments and 9 million square meters of residential and commercial space, along with major infrastructure projects. It is the largest taxpayer in Kazakhstan’s construction sector, employs around 8,000 people, and has delivered housing solutions for more than 600,000 residents. In 2025 alone, it commissioned a record 2.4 million square meters of residential space.
About Archi
Archi is Georgia’s leading development company, holding around 20% of the market and pioneering large-scale neighborhood (Master Development) projects in the country. Founded in 2006 by Ilia Tsulaia and partners, the company has completed more than 55 projects, serving over 70,000 residents and investors from 30 countries. In recent years, Archi has also expanded internationally, including projects in Florida, USA.
