Within the prestigious setting of the Yacht Club de Monaco, the “Ambassadori Island Batumi” team presented a project of historic regional significance at the Monaco International Investment Forum (MIIF). This ambitious undertaking envisions the creation of a premier coastal destination comprising two artificial peninsulas and an artificial island within the Black Sea.

The development is rooted in the principles of sustainability and a "smart city" vision, aiming to establish a new paradigm for urban excellence in the region. Progress is advancing rapidly, with over 50% of the land reclamation already finalized - successfully forming 48 hectares of the project’s total 84-hectare footprint.

“Our project is destined to be a transformative force, redefining the international profile of country and the region. Participating in this elite forum is a cornerstone of our global strategy to introduce discerning international investors to the unparalleled opportunities found within both Ambassadori Island and Georgia’s robust economic landscape,” stated the CEO of “Ambassadori Island Batumi.”

Throughout the two-day forum, company representatives participated in an intensive business program designed for high-net-worth individuals and family offices. The event featured a direct platform for institutional investors and industry leaders to engage with the project’s leadership and explore the strategic potential of this landmark development.

The “Ambassadori Group” is bringing this visionary project to life in collaboration with a consortium of world-renowned firms. Key partners include the global engineering leaders Arup, recognized for their excellence in urban planning; the premier architectural and engineering firm Yüksel Proje; and the award-winning American architectural firm SHoP Architects.

At the Palais des Festivals in Cannes, the Ambassadori Island Batumi team is showcasing its development at MIPIM, one of the most significant international gatherings for the real estate industry. Until March 13, the team will introduce the global audience to the project’s core concept and the broader investment potential within Georgia. The presentation highlights the values and urban logic of the island, emphasizing the distinct opportunities available to international investors.

Gocha Kamkia, CEO of Ambassadori Island Batumi, stated that such a high-profile platform is essential for effectively presenting both the project and the favorable business climate of the country.

"MIPIM represents an important platform where we have the opportunity to significantly increase the awareness of the project and the country on the international stage. Participation in this exhibition is a continuation of our large-scale information campaign, within which we introduce the international audience to the outstanding investment opportunities of our project and the country in general," stated Gocha Kamkia, the CEO of the company.

Throughout the festival, company representatives are engaging in specialized business programs at a dedicated multifunctional stand to provide detailed data to interested partners.

Ambassadori Group is executing the project alongside a consortium of international leaders. These partners include the global engineering firm Arup, which participates in the planning of numerous cities worldwide, the architectural and engineering firm Yüksel Proje, and the American architectural firm SHoP Architects.

Ambassadori Island Batumi has launched the next strategic phase of its development with the introduction of  Smart City Vision Development  designed to transform the landmark maritime project into one of the most advanced urban environments in the Black Sea region. Developed in cooperation with the global engineering and consulting leader Arup, the initiative is first step to establish  a clear technological and operational vision for the future of the island.

Planned as an 84-hectare artificial island development, Ambassadori Island Batumi has already completed more than 48 hectares of newly formed land, marking a significant engineering milestone and enabling the transition from large-scale marine infrastructure works to full urban development.

The island is already hosting over $600 million in development projects initiated by independent investors, reflecting strong market confidence in the long-term vision of the project and positioning Ambassadori Island as one of the most dynamic new urban development platforms in the wider Black Sea region.

The collaboration with ARUP focuses on Smart City Vision Development that integrates advanced digital infrastructure, sustainable urban planning, and long-term operational intelligence. Smart City Vision  is built around four strategic pillars:

• Enhanced Accessibility & Sustainability & Resilience – aligning the island’s master planning with global environmental standards and climate-resilient infrastructure.

• Superior Quality of Life – designing urban environments where services and infrastructure adapt dynamically to the needs of users.

• Lifecycle Technical Capabilities – providing advanced data-driven management tools to support the project from construction through long-term city operations.

• Global Competitive Experience – ensuring the island delivers a user experience comparable to leading smart urban districts worldwide.

At the core of the Smart City Vision of the Ambassadori Island  is a holistic Smart Living Vision, designed to seamlessly integrate digital and physical infrastructure across multiple layers of the urban environment to unlock Ambassadori Island’s potential.

The Smart City Vision Development Methodology  will focus on across three interconnected scales:

Smart Buildings – intelligent asset-level systems including digital twins, environmental monitoring, and automated energy management.

Smart Plots – site-scale infrastructure integrating IoT networks, renewable energy optimization, and smart utilities.

Smart Areas & Public Spaces – district-scale platforms including urban digital twins and integrated command-and-control systems designed to manage the island’s environment in real time.

The Smart City Vision Development approach will be based on local context and global best practices to develop a clear, realistic, competitive and implementable elements.

“Ambassadori Island is not simply a real estate development — it represents a new model of urban living for the Black Sea region,” said Gocha Kamkia, CEO of Ambassadori Island Batumi. “Our ambition is to create a city where digital intelligence, sustainable infrastructure, and human-centered design work together to build a truly future-ready environment for residents, investors, and global partners.”

With large-scale land formation completed and the Smart City roadmap now underway, Ambassadori Island Batumi is entering a new stage of development — demonstrating how next-generation coastal cities can combine advanced technology, sustainable infrastructure, and long-term urban vision.

For your information, Arup currently operates in 37 countries with 95 offices and employs more than 19,000 people worldwide.

From March 9 to 13, at the Palais des Festivals in Cannes, the “Ambassadori Island Batumi” team will showcase a development of historical significance at The Global Urban Festival, which envisions the creation of two artificial peninsulas and one artificial island within the Black Sea.

The development follows sustainable and smart city principles to establish new urban standards for the region. Currently, over 50% of the land reclamation work is complete, with 48 hectares of the total 84-hectare project area already successfully formed.

“The project is expected to play a major role in shaping the future of Batumi and increasing the region's international profile. Participating in this exhibition is part of an extensive information campaign to introduce global audiences to the unique investment opportunities within the project and Georgia as a whole,” said the CEO of “Ambassadori Island Batumi.”

Throughout the festival, company representatives will engage in various business programs. At a multifunctional stand, they will provide detailed information regarding investment opportunities on the island to interested parties.

The event will include a formal presentation of the island where partners, investors, and industry experts can receive direct answers regarding the potential of the development.

“Ambassadori Group” is executing the island project in partnership with leading international firms. These collaborators include the global engineering firm Arup, known for its global urban planning expertise, the architectural and engineering company Yüksel Proje, and the American architectural firm SHoP Architects.

Establishing a presence in the United Kingdom has emerged as a core strategic priority for “Ambassadori Island Batumi”. This move comes at a time of surging international interest, following the successful launch of the project's representative offices across the GCC countries and Eastern Europe, milestones that have significantly enhanced its global market standing.

Under the initiative of “Ambassadori Island”, Batumi recently hosted a British delegation. The visit, featuring representatives from UK real estate agencies, was designed to conduct an on-site evaluation of the construction dynamics and a deep-dive analysis of the investment potential of the Black Sea’s first artificial island. This engagement forms a critical component of the project's broader strategic roadmap to establish a presence within the British capital market.

The visit featured a multi-stakeholder forum, bringing together key representatives from the Adjara Department of Tourism and Resorts, “Bank of Georgia”, and “Galt & Taggart”.

During the event, the “Ambassadori Island Batumi” leadership presented a comprehensive project blueprint, detailing its future development strategy and comprehensive legal framework. The presentation emphasized the project’s exclusivity and innovative engineering standards, factors that grant it a decisive competitive edge in the premium real estate sector. By aligning with international transparency and legal benchmarks, the island is positioning itself as a high-priority destination for the UK’s most discerning investment circles.

The engineering design for the Ambassadori Island Batumi project, comprising two artificial peninsulas and one artificial island, is being spearheaded by the international firm Yüksel Proje. The company brings a distinguished track record of high-stakes global projects, including the Akkuyu Nuclear Power Plant and major commercial ports. Notably, Yüksel Proje has successfully designed and commissioned two international airports built on reclaimed land in the Black Sea: Ordu-Giresun and Trabzon.

According to Cemal Karaoğlu, Vice Chairperson of Yüksel Proje, Georgia serves as a prime example of how multinational collaboration can generate real, tangible positive impact.

"Our operations currently span 38 countries across three continents. Georgia stands out as an excellent example of how implementing efficient, innovative solutions creates a measurable positive influence, particularly in the sectors of transport, maritime and coastal engineering, infrastructure, and energy," stated the Vice Chairperson.

During the interview, Mustafa Esen, Deputy Manager of the Maritime and Coastal Structures Department, emphasized the strategic nature of this partnership:

"We believe that Yüksel Proje’s extensive experience, specifically along the Black Sea coast, was a decisive factor in Ambassadori Group’s choice of partner. We are proud to apply our specialized expertise to such a unique development”.

“The Ambassadori Island project has presented us with the opportunity to integrate diverse functional spaces including tourism, commercial, residential, and entertainment zones, into a single, cohesive territory. This project allows us to develop concepts that showcase our decades of engineering mastery, the power of digital technologies, and our commitment to sustainable development." - said, Manager of the Maritime and Coastal Structures Department, Hülya Karakuş Cihan

Ambassadori Island Batumi is significantly scaling its network of strategic partnerships within Europe, as announced by the company’s CEO, Gocha Kamkia.

According to Mr. Kamkia, the project is currently entering a phase of intensive collaboration with Germany, focusing on integrating German expertise into the large-scale development.

"Our planned cooperation with Germany centers on the adoption of high-tech benchmarks and sustainable development standards. Integrating German quality and operational efficiency into our project is a priority we are currently spearheading," stated Gocha Kamkia, CEO of Ambassadori Island Batumi.

In today’s globalized economy, the true value of large-scale infrastructure developments lies in the international alliances they foster across global markets. Ambassadori Island Batumi, the most ambitious investment project in the Black Sea region, has emerged as a new hub for this global network.

The project’s European expansion includes successful milestones in Central Europe, where strategic cooperation agreements have already been signed with partners in Poland, Slovakia, and the Czech Republic. These alliances underscore the multinational character of the development, encompassing investment, technological innovation, and cultural exchange.

The next vector of Ambassadori Island’s strategy is firmly pointed toward Germany, Europe’s largest economic powerhouse. This move further solidifies the project’s international standing as it transitions from the planning phase to active execution and realization as a "living organism".

Ambassadori Island Batumi, the most ambitious investment project in the region, entered a new phase of development in 2025. According to the project’s CEO, Gocha Kamkia, the past year marked a turning point, as the project transitioned from the planning stage to active implementation.

• 48.3 hectares of land have already been reclaimed at sea;

• 26 hectares have been officially commissioned;

• More than 52 units of specialized construction equipment are operating on-site daily;

• Ambassadori’s First Tower - construction of the first ultra-modern multifunctional complex has commenced. All 158 piles have been installed, and foundation works have been fully completed.
  
  

In 2025, Ambassadori Island significantly strengthened its international presence:

• The company opened an office in Dubai;

• The project was showcased at IPS Dubai 2025 at the World Trade Centre;

• Strategic cooperation was expanded with partners from Poland, Slovakia, and the Czech Republic, including four large-scale joint events held in Poland;

• The project hosted an official delegation from GCC countries in Georgia.
  
  

In 2025, the company also signed several landmark business agreements, including a contract with IG Development, which envisages the construction of an ultra-modern 120,000 sq.m shopping center on the island.

The Ambassadori Island Batumi project has attained substantial results regarding its developmental trajectory this year, marking a decisive transition from the strategic planning stage to the active implementation phase. By the conclusion of the current fiscal year, more than 50% of the project's land reclamation and foundational works have been realized. Specifically, 26 hectares of territory have been officially commissioned, while 48 hectares have been successfully formed within the maritime area. Within this project zone, construction has already commenced on the first ultra-modern, multifunctional complex.

Ambassadori Island Batumi has released a comprehensive 2025 retrospective video, which provides a detailed overview of the critical developmental milestones, the quantitative outcomes achieved, and the extensive scope of construction operations conducted throughout the year.

Upon its full operationalization, the Ambassadori Island Batumi project is projected to generate an annual fiscal contribution of $65 million in tax revenue to the country budget. According to verified public data, this economic performance aligns precisely with the fiscal accumulation metrics of the Baku–Tbilisi–Ceyhan (BTC) global economic pipeline, positioning the island as a cornerstone of national economic stability.

The initiation of the Ambassadori Island Batumi project was conceived within the framework of a global economic initiative. It represents a paradigm shift in the Black Sea real estate sector, establishing a new benchmark for large-scale development and elevating regional infrastructure to unprecedented heights.