Kazakhstan to finance construction of hotel in Georgia

The partnership fund of Georgia and the Kazakh KazMunaiGas Service company have signed an agreement on the allocation of funds for the construction of a five star hotel in the resort village Likani located in the Borjomi Gorge.

According to the fund, the completion of construction of a hotel with 152 rooms is planned to take place later this year, Georgia Online reports.

The total investment in the project will be $ 38.5 million in accordance with the agreement, the share of the Georgia Partnership Fund will be 50 %.