Ambassadori Island Batumi sets out Black Sea smart city vision with $1bn backing
From Real Asset Media Thought Leaders by Real Asset Media Thought Leaders
April 8, 2026 · 6 min · Episode 1205
About this episode
Gocha Kamkia discusses the ambitious $1 billion smart city project on Georgia's Black Sea coast.
Speaking to REAL FDI at Mipim, Gocha Kamkia, chief executive officer of Ambassadori Island Batumi, set out plans to deliver a 102-hectare artificial island development on Georgia’s Black Sea coast. The project combines real estate, infrastructure and a long-term smart city strategy aimed at international investors. He described the project as “the address of the Black Sea”, positioning it as both a lifestyle destination and an investment platform, with around half of the scheme already completed and commissioned. The development has attracted close to $1 billion in international investment to date. “We are here with our strong results and we are seeking new opportunities [to share] our international success,” he said, adding that the company is “reshaping people's understanding of the hospitality business in Georgia and getting it to the new stage of development.” Kamkia emphasised that the company operates an integrated model rather than simply selling land. “We are not a simple land selling company. We make integrated investment opportunities,” he said, outlining a process that includes land allocation, business concept development, permitting and execution. This structure, he…
People in this episode
Guest: Gocha Kamkia
Topics covered
- smart city
- real estate
- infrastructure
- international investment
- urban development
Keywords
- Ambassadori Island Batumi
- smart city
- Black Sea
- investment
- real estate
- infrastructure
- urban development
Mentioned in this episode
Organizations: Ambassadori Island Batumi
Places: Georgia, Black Sea, Batumi
More episodes of Real Asset Media Thought Leaders
- Defence spending to fuel Romanian real estate, Voichita Lefter, AREI · June 11, 2026 · 5 min
- European logistics enters new growth cycle, Ingo Steves, Swiss Life AM · May 25, 2026 · 2 min
- Deal trends, data sovereignty and AI: Alexandre Grellier, Drooms · May 13, 2026 · 7 min
- Reykjavik's residential project Keldur offers significant opportunities for international investors · April 9, 2026 · 3 min
- Germany’s overlooked industrial assets offer investor opportunity: Dr Wulf Meinel, StoneVest · April 9, 2026 · 2 min
- Iceland’s K64 airport masterplan targets data centre growth: Pálmi Randversson, KADECO · April 3, 2026 · 2 min
Explore listener stats, chart rankings, contacts and more on the Real Asset Media Thought Leaders podcast page.