"I think that an important tourist attraction center for Batumi will be created here, because Batumi is a tourist city and is developing in this direction. Two artificial peninsulas and an island will include five-star hotels, an aqua park, a large boulevard, as well as a foreign educational institution - this is one of our commitments to the state. In addition, there will be high-level residences, many interesting entertainment centers and restaurants - and low-rise buildings and villas will be located directly in the territory of the island", - Pridon Katamadze stated. 

According to the investor, a yacht club will be located in the territory of "Ambassador Batumi Island" and will be able to receive megayachts, which will be the first precedent of such a building in the Black Sea region. 

To be reminded, the said project is managed by "Ambassador Batumi Island", which was founded on June 14, 2021. The company has two shareholders, namely the British Virgin Islands business company - offshore company Property Assets Investment LTD, which owns an 82% share of the project, and "Batumi Island" LLC, which holds an 18% share of the project.