Arab Sheikh Saud bin Saqr Al Qassimi, the owner of the Rakeen Development company, has visited the Ajar region today to see local infrastructure.
The Arab sheikh plans to implement investment projects in the Black Sea region.
The Arab sheikh will unveil investment projects in Tabakhmela today. The ceremony will be attended by Georgian President Mikheil Saakashvili either.
The Arab company plans to invest 1.5b USD total in Georgia.
Rakeen Development, a private joint stock property establishment in the UAE, is the owner of Sheraton Metechi Palace and plans to build dwelling and leisure complexes in Tabakhmela on 200 thousand sq. m. It also plans to construct commercial and leisure centers in Digomi district, Tbilisi.