The long-anticipated EUR 500 million Gino Green City project, first introduced in 2015, will now be implemented under a new name, Natbeuri and transformed into a full-fledged district of Tbilisi. The large-scale urban development is being realized by Gino Holding in partnership with the Development Fund of Georgia and Tbilisi City Hall.
Nodar Giorgadze, founder of Gino Holding, announced the update during an interview with BMGTV. According to him, although the Slovak-Georgian holding has been working on the project for nearly a decade, significant progress has been made, and approval of the development regulation plan (GRG) is expected by the end of 2025. Construction and permitting are scheduled to begin in spring 2026.
“The Gino Green City project is another pearl that we can create in Georgia. We are working closely with the Development Fund of Georgia and City Hall. The materials for the GRG have been submitted, and I believe approval will come by year’s end,” Giorgadze said. “From spring next year, we aim to begin construction and permitting. Tbilisi residents will see a new, modern 21st-century district come to life.”
The project will transform a vast area stretching from the existing Gino Paradise boulevard to Lotkini, Nadzaladevi, and Temka, forming a district designed to accommodate around 35,000 residents.
Giorgadze also shared the reasoning behind the name change from Gino Green City to Natbeuri:
“When research was conducted, we discovered that the area was historically known as Natbeuri. So, to preserve its cultural identity, we renamed the project Natbeuri District.”
In terms of scope, Natbeuri will include residential zones, schools, kindergartens, healthcare facilities, and other infrastructure, all designed in line with modern urban planning standards.
Looking ahead, Giorgadze expressed optimism about the timeline:
“We’ve already invested 10 years into this project. I want to see it completed within the next decade. With the GRG in place, we’ll move ahead with detailed planning and construction,” he concluded.
