During a panel discussion at the Economic Forum, the CEO of „Ambassadori Island Batumi“, Gocha Kamkia, highlighted the strategic significance and exceptional investment potential of the Ambassadori Island project.

The "Economic Forum," organized by Business Insider Georgia, focused on the country's tourism and investment potential, the significance of strategic projects and initiatives, as well as emerging opportunities and challenges. The event was moderated by Giorgi Abashishvili, founder of „Business Insider Georgia“ and the „Economic Forum“. The panel discussion featured key participants, including the Minister of Economy and Sustainable Development, Mariam Kvrivishvili; Chairman of the Parliamentary Committee on Sector Economy and Economic Policy, Shota Berekashvili; and the CEO of „Ambassadori Island Batumi“, Gocha Kamkia.

„It is important to note that the "Economic Forum" serves as a platform for the discussion of specific initiatives, solutions, innovative ideas, and the articulation of existing challenges and their respective solutions. In the context of the "Economic Forum", there was a discussion of the role of strategic projects in the development of the country's economy, and the growth of investment and tourism potential. The results of the development of Ambassadori Island were presented to the gathered audience. This summer, the company plans to initiate the development of a 26-hectare land plot, encompassing the construction of two ultra-modern buildings. With a total investment potential of approximately 600 million USD," stated Gocha Kamkia.

Ambassadori Island project is being implemented by "Ambassadori Group" in collaboration with various international companies. "Ambassadori Island Batumi," which aims to form two artificial peninsulas and one artificial island on 84 hectares in the sea, is developing in full alignment with sustainable development principles and smart city standards. With both tourism and substantial economic significance, the project is set to position Batumi, and Georgia as a whole, on a new global investment map.

Following the completion of the artificial island and two peninsulas project in Batumi, implemented by the company "Ambassadori Island Batumi", the national budget is expected to accrue an additional $64 million. Gocha Kamkia, the CEO of Ambassadori Island Batumi and a speaker at the 22nd panel of the Economic Forum, revealed this information to Business Insider Georgia.

Gocha Kamkia has stated that the businesses which will be part of the Ambassadori Island Batumi project are expected to create employment opportunities for tens of thousands.

“According to studies conducted by international economists, the Ambassadori Island Batumi project, which is expected to be completed within the next two years, is expected to generate approximately $64 million in annual tax revenues. The same study indicates that businesses operating on the island will eventually employ up to 20,000 people, which is a figure of great significance in terms of job creation. The development of this project is being approached in a manner that is both long-term and sustainable, with a clear sense of purpose. Each day brings new and positive developments," Gocha Kamkia stated.

The project has attracted significant interest, as noted by the company's CEO, with investor demand for developing businesses on the island and peninsulas remaining high.

"Ambassadori Island Batumi offers local and international investors the opportunity to make swift business decisions, even within a single day, to launch their ventures in Georgia, as the island provides fully prepared economic infrastructure. We are pleased to announce the commencement of development for three land plots, each with a dedicated investor and ambitious development plans. Furthermore, the company has established a strong presence both in Dubai and, more recently, in the Republic of Poland, where it is engaged in active dialogue with major business representatives. They have expressed concrete interest in investing in Georgia, which is both encouraging and a validation of the expectations we had at the outset of this project," explained the CEO of “Ambassadori Island Batumi”.

The Ambassadori Island project is being implemented by the “Ambassadori Group” in collaboration with various international companies. The "Ambassadori Island Batumi" project, involving the development of two artificial peninsulas and one artificial island spanning 84 hectares in the sea, is being undertaken in strict accordance with the principles of sustainable development and the criteria for smart city standards. Given the project's potential to boost tourism and generate significant economic activity, it is anticipated that Batumi, and indeed the entire country of Georgia, will be positioned on a new global investment map.

The “Ambassadori Island Batumi” team presented a project of strategic importance and demonstrated Georgia's exceptional investment potential in Poland.

At an event organised by local partners Exclusive Poland and supported by “BNI” and “BYD Polska” in Warsaw, the “Ambassadori Island Batumi” delegation presented an innovative project to an audience interested in Georgia's investment potential. In the course of the event, a series of high-level meetings were convened. These meetings were attended by the Ambassador of Georgia to the Republic of Poland, H.E. Mrs. Diana Zhgenti, and the First Secretary of the Embassy, Mr. Zurab Khutsianidze.

“BNI” (Business Network International) is the largest business network organization in Poland and worldwide. Founded in 1984 in the United States, it commenced operations in Poland in 2006. The establishment of such a collaborative relationship between Georgian and Polish companies represents a significant step towards fostering strong, long-term relations between the two nations.

"Our team is committed to presenting the country's investment and tourism opportunities to an international audience in a proper manner. It is important to note that the event in Poland constitutes the initial stage of our large-scale information campaign on the European market, which will continue in a number of strategic locations in the near future," said Gocha Kamkia, CEO of “Ambassador Island Batumi.”

The island project is being implemented by the “Ambassadori Group” in collaboration with various international companies. The "Ambassadori Island Batumi" project, which involves the development of two artificial peninsulas and one artificial island spanning an area of 84 hectares in the sea, is being executed in total accordance with the principles of sustainable development and smart cities. The project is expected to have a substantial economic impact on both tourism and the regional economy, thereby positioning Batumi and Georgia as a whole on the global investment map.

The primary objective of this partnership is to promote the yacht management and certification programs offered by the “Batumi State Maritime Academy” to a broader, international audience. This training course is designed to equip interested individuals with both theoretical knowledge and practical skills, enabling them to obtain a yacht driver's license within a period of just 14 days.

Georgia's first yacht club, constructed according to international standards, is set to be constructed on Ambassadori Island. The development plans also include a dedicated training facility for the Maritime Academy. This will provide future residents and visitors of the island with an exclusive opportunity to undergo professional training in yacht and watercraft operation and receive the relevant driving license.

"Our objective is to enhance the quality of education at the Maritime Academy to ensure our graduates are highly competitive in the global job market. The academy's potential and pace of development allow us to set and achieve ambitious goals. Our objective is to transform the “Batumi State Maritime Academy” into a leading maritime institution in the Black Sea region. This memorandum will help enhance the visibility of both Batumi and the academy on the international maritime stage," said Murtaz Devadze, Rector of the “Batumi State Maritime Academy.”

"Our partnership with the “Batumi State Maritime Academy” is a significant step toward positioning Batumi as a leading city for maritime education. As we promote Ambassadori Island in international markets, we are committed to highlighting the presence of this essential Georgian institution in our city - an academy that delivers high-quality maritime education to both Georgian and international citizens. This is a unique opportunity to inform international visitors, attract high-spending travelers and clearly demonstrate that Batumi offers a rare chance to undergo specialized training and obtain yacht and other watercraft operation licenses, all during their visit," stated Gocha Kamkia, CEO of “Ambassadori Island Batumi.”

“Ambassadori Island Batumi” is an innovative project in the Black Sea that involves the creation of two artificial peninsulas and one artificial island. The project will feature a variety of infrastructure, including the largest yacht club in the region and new educational institutions focused on delivering innovative services and supporting maritime training and certification.

Following the signing of a strategic development and representation agreement with Polish partners, the Ambassadori Island concept was presented to the local audience at one of the most prestigious PRIME SHOW MMA events, which generates up to 5 million active viewers and features prominent athletes, stars and influencers.

The distinguished honor of awarding the winners was entrusted to Ambassadori Island Batumi.

It is noteworthy that an event hall designed for 10,000 people is being constructed on the island in Batumi, which will host similar large-scale international events in the near future.

We are pleased to strengthen business ties between Poland and Georgia and in the form of Ambassadori Island Batumi, we create unlimited opportunities to further deepen these ties.

The interest in Ambassadori Island Batumi far exceeded expectations at the Dubai International Property Show. The company presented its innovative project at the exhibition, as well as Georgia as a whole, through a high-tech and multifunctional booth.

During the exhibition, the company's representatives hosted a number of important guests at their stand, including the Ambassador Extraordinary and Plenipotentiary of Georgia to the United Arab Emirates, H.E. Giorgi Janjgava, and the Director General of the Dubai Land Department (DLD), Marwan Ahmed bin Ghalit, along with a high-ranking delegation.

The Ambassadori Group project has garnered significant interest from international investors and in this regard, a series of business visits to Georgia have been scheduled.

"We are delighted to have had the opportunity to present a project of historical significance for our region to the world at the most prestigious exhibition. It is noteworthy that the blend of Georgian culture and modern approaches reflected in our innovative initiative exceeded all expectations in terms of attention," said Ambassadori Island Batumi CEO Gocha Kamkia.

Investors are particularly interested in the ongoing innovative project in Georgia, which expands the country's physical and economic potential borders and creates a new investment location on the country's economic map.

(Dubai, UAE - 15th of April) – Ambassadori Island Batumi, the first artificial island in the Black Sea, is being showcased this week at the International Property Show (IPS) 2025, which opened on April 14 at the Dubai World Trade Centre. On the first day of the exhibition, the Ambassadori stand was visited by His Excellency Eng. Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department (DLD), who officially inaugurated the 21st edition of IPS.

Among the distinguished guests was also Ambassador Extraordinary and Plenipotentiary of Georgia to the United Arab Emirates, Giorgi Janjgava, who visited the stand in support of Georgia’s growing presence on the international real estate stage.

Running until April 16, IPS 2025 is hosting more than 300 local and international exhibitors from 85 countries and is expected to welcome over 25,000 visitors. Ambassadori Island Batumi is being presented through an AI-powered virtual tour and dedicated briefings highlighting the development’s investment appeal and design innovation. The delegation is also taking part in IPS’s business program, offering exclusive presentations, investor meetings, and traditional Georgian gifts to booth visitors (Stand C30).

A Visionary Development on Georgia’s Black Sea Coast

A visionary project is redefining Georgia’s shoreline. Ambassadori Island Batumi, the first artificial island in the Black Sea, has already begun to shape the future of coastal development with its innovative design and distinct regional character.

Conceived as a contemporary urban ecosystem, the island blends resort-style living with long-term value creation. The project is set to generate over 20,000 jobs, stimulate regional economic activity, and contribute to public revenues that support Batumi’s continued growth. For investors, the island offers attractive annual returns of 9% to 17%, depending on the property type. Georgia’s liberal tax system provides significant advantages for international buyers, including no property tax for individuals and a simplified property registration process.

A collaboration between Ambassadori Island Batumi and the British company ARUP has been signed for the development of a concept for the architecture of volume, facade design, style and urban planning of buildings to be built on two artificial peninsulas and an island in Batumi. The design and construction of buildings in the project area by investors will be carried out in accordance with pre-developed stylistics and guiding norms. This strategic partnership ensures a cohesive and sustainable architectural vision for the project's development, seamlessly integrating it into the cultural landscape of Batumi. The collaboration aims to enhance investment security and implement projects with exceptional quality. This comprehensive approach will allow for the consideration of technological innovations available worldwide during project implementation, which will significantly accelerate the process of obtaining a construction permit on a separate investment plot and project implementation.

Arup is involved in the planning of several leading cities worldwide. The company's extensive experience in developing remarkable architectural concepts will be essential in reflecting the character and vitality of Batumi through innovative and environmentally sustainable principles. The primary objective is to create facades that, through unique design, will serve to create both iconic and practical buildings.

Arup is a global engineering and consulting firm that has made a significant contribution to the development and implementation of a number of large-scale projects, focusing on innovative and sustainable solutions in the planning process. With 95 offices in 37 countries and more than 19,000 professional employees, the company is engaged in an impressive range of work in the field of facade engineering, architectural design, structural engineering, development of efficient transportation schemes, and development of sustainable urban design of objects of outstanding importance around the world.

Arup's diverse portfolio includes such projects as:

Sydney Opera House (Australia) - an iconic cultural landmark of Sydney;
Marina Bay Sands (Singapore) - a distinctive and innovative 5-star hotel, which has become one of the landmarks of Singapore;
Beijing National Stadium (China) - one of the exemplary landmarks of modern engineering;
Vertical Forest (Italy) - a sustainable building concept created using advanced technologies, which can be perceived as a new word in terms of urban planning. 

Samarkand Silk Road Touristic Centre (Uzbekistan) - sustainability and inclusion drive Samarkand traveller resort design

Konya Tropical Butterfly Garden (Türkiye) - a sustainable butterfly conservatory in Türkiye and an iconic cultural landmark of Konya

Tashkent Hilton Hotel (Uzbekistan) - a prestigious 5-star hotel of Tashkent

In the $100 million "Ambassadori Island Batumi" project, which includes the infrastructural development of two peninsulas and one island on 84 hectares, a $40 million foreign investment has already been made. Additionally, two independent investors are currently involved in the project. This was discussed by the General Director of the project's managing company, Gocha Kamkia, in an interview on BMG TV's "Business Week" program.

He notes that "Ambassadori Group" is one of the largest corporations in Georgia, capable of implementing large-scale projects, including through partnerships with attracted investors.

"Therefore, in relation to this project, the group views the issue of investment through a historical lens, emphasizing that first and foremost, we need to create opportunities and an environment where successful or success-driven individuals can come together, and on this island, everyone will find their own success story.

As for the individual investors, in this case, we took responsibility upon ourselves and started the development of the first multifunctional building. The project documentation is completed, and the preparatory phase for the construction work has already begun.

However, it should be noted that we already have individual investors for two large land plots. Specifically, these plots are allocated, and in the near future, large buildings with distinctive concepts will begin development on the cadastral units.

It should also be noted that during this period, we managed to attract international attention to the project. Today, a $40 million direct foreign investment has been made in "Ambassadori Island Batumi," which I believe is a phenomenal result at the initial stage of the project. "Ambassadori Group" is a trusted entity, which has completed some of the largest and most distinctive projects in Georgia," says Gocha Kamkia.

The author and host of "Business Week" asked the General Director of "Ambassadori Island Batumi" – what does it mean to invest in a large-scale project alongside the project executor?

"If we are talking about our capabilities, this was a subject of individual inspiration. Therefore, along with the opportunity for investors to develop a successful project, there are also common rules that everyone must consider in order to create a unified, harmonious project. In order for the Island to stand out historically and architecturally, it must last for centuries. We signed a contract with the British company 'Arup,' under which the island's architecture will be designed according to architectural DNA. Thus, just as 'Ambassadori Group' has set its own rules and guidelines for how to proceed in terms of development, each investor will also have standards outlined by the master plan and its author company, ensuring the highest quality of the developed projects. This will allow us to create an environment that is completely community-oriented. On one hand, the project is distinctive from an economic perspective, but large economic opportunities bring significant responsibilities to society. Since this must be a community-focused environment, we decided to act according to these rules from the very beginning," explained Gocha Kamkia.

A large-scale project for two peninsulas and one island in Batumi was announced in 2021, and its construction officially began in 2022. The main investor and implementer of the project became "Ambassadori Group," with which the government signed an investment agreement. According to the agreement, the development of two peninsulas and an island on a 84-hectare area in Batumi is planned, with subsequent infrastructure development. As part of the "Ambassadori Island Batumi" project, the area will feature beaches, active and passive recreation areas, promenades, and a seaside boulevard. Additionally, the construction of water parks, a yacht club, educational institutions, shopping centers, hotels, and residential buildings is planned. It is also important to note that the proposed concept has other significant implications, including the attraction of large-scale investments.