88 Re-auctions Announced within Project '100 Investment Offers to Business'

88 re-auctions were announced in the framework of the government’s project “100 Investment Offers to Business”.

Bids will end on January 8.

On November 29, the Ministry of Economy and the National Agency of State Property presented the list of 100 state-owned buildings the government is offering local and international businesses for privatization.
Since then, 26 have been sold and the state has mobilized about 41 million GEL.
The 100 investment has objects available in the following locations: in Sighnaghi an estimated value 281,763 GEL (13,000 sq m); in Bakhmaro an estimated value of 2,537.400 GEL (12,588 sq.m.), in Tbilisi, at 14 Gotua Street an estimated value 6,595.721 GEL (6 796 sq.m.).

The National Agency of State Property Management says that new facilities will be added gradually to the privatization list.

The project envisages holding of 100 parallel auctions and privatization of the property through simplified procedures.

By Ana Dumbadze 

Related Story: Former Presidential Residence in Mestia Sold for 7 510 000 GEL on e-auction

19 December 2019 13:51