Arabian Dhabi Group Makes Extra $250 million Investment in Georgia
Arab investment company Dhabi Group has increased its investment portfolio in Georgia by 35 percent to make an additional $250 million investment.
KSB bank was one of the investments of Dhabi Group, the largest company in Georgia and the leading business group in the UAE, operating in many spheres of business. Dhabi Group committed to offer additional funding to two projects.
This extra investment would further support KSB bank as well as the construction of the 5-star Millennium Biltmore Hotel complex in Tbilisi, which is one of the world’s largest owned-and-managed hotel companies with more than 120 properties around the world.
The hotel is centrally located next to Radisson Blu Iveria Hotel and is expected to open in January 2016. Dhabi Group has already made a $140 million investment in the Millennium Biltmore Hotel construction. According to Dhabi Group the 32-floor hotel will be the first hotel in Georgia to have a presidential room.
Dhabi Group is focused on expending its investments in financial activities through offering strong financial resources and management experiences in emerging and developing markets.