Dubai developer enters Georgia with $250m waterfront project

The company announces to develop a 140,000-square-metre mixed-use complex Dubai: A Dubai-based developer is expanding into Georgia with an investment of more than $250 million to develop a 140,000-square-metre multifunctional complex on Ambassadori Island in Batumi. The investment follows an international development agreement signed with Ambassadori Island Batumi, marking the developer’s first major international expansion beyond Dubai. The agreement was signed by Sergey Avayan, CEO of HOLM Developments, and Gocha Kamkia, CEO of Ambassadori Island Batumi. “This marks an important new chapter for HOLM. Georgia offers strong potential, and Ambassadori Island gives us the opportunity to bring our experience and…