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News
Iranian investor moves in on Georgian wine region
A private Iranian investor holding company, ARIC LLC is building a ‘Green Village’ wine tourism attraction in Kakheti, one of Georgia’s most historic wine producing regions.
Kakheti is one of the oldest wine producing regions in the world, spanning 8,000 years
Initial plans for the Green Village project include to develop vineyards, fruit gardens, a nut plantation, a wine production facility and five-star villas in Sagarejo, a town in Kakheti, 58 kilometres from Georgia’s capital Tbilisi.
The private investor holding company, ARIC LLC has already invested US$85 million in Kakheti in order to boost Georgia’s tourism industry and highlight its wine making traditions which has roots extending over 8,000 years.
It is hoped that the proposed winery in Sagarejo will produce four million bottles of wine per year, principally for exportation to the EU markets.
On a trip to Kakheti, Georgia’s economy minister Dimitry Kumsishvili said he was in “full support” of ARIC LLC which has operated in Georgia since 2012.