Ambassadori Island Batumi Unveils Smart City Framework with Arup, Redefining Black Sea Urban Development
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.
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Basisbank has signed CIPS Direct Participation agreement
08.09.2026.17:13
Basisbank has obtained direct participation in the Cross-Border Interbank Payment System (CIPS), marking an important milestone in the Bank’s development of international payments and RMB business capabilities.
Direct CIPS membership strengthens Basisbank’s connectivity with China and international financial markets, enhances the efficiency of RMB-denominated cross-border transactions, and creates new opportunities to support growing trade and investment relations between Georgia and China.
Alongside joining CIPS, Basisbank signed a Memorandum of cooperation with the Agricultural Bank of China, which will provide the clearing infrastructure for DP CIPS operations.
Basisbank remains committed to strengthening its international banking infrastructure and providing clients with modern, efficient and competitive solutions for cross-border payments.
"Obtaining CIPS direct participant status and establishing a partnership with one of the largest international banks is an important strategic milestone for us, demonstrating once again that Basisbank is actively progressing in alignment with global banking standards. This cooperation will significantly streamline the transaction process in RMB and unlock new opportunities for our clients and business partners interested in international trade," stated Lia Aslanikashvili, Financial Director of Basisbank.
About Basisbank Group
In April 2026, Basisbank acquired a 95.99% stake in Liberty Bank. Basisbank Group is the third-largest systemic financial institution in Georgia, holding an 11% market share. The Group serves over 2 million individuals and more than 65,000 corporate and SME clients. It boasts the largest network nationwide, operating around 500 service centers and nearly 700 ATMs across all regions and municipalities of Georgia.
According to data from the first 7 months of 2026, Basisbank Group's total assets stand at GEL 12.1 billion, with a total loan portfolio of GEL 7.9 billion and a deposit portfolio of GEL 9.1 billion. The Group's net profit for the first 7 months of 2026 reached GEL 128 million.