Archi and NEXT Officially Present $300 Million Swissôtel Kobuleti Beach Resort in Kobuleti
Archi, Georgia’s #1 real estate developer, and NEXT, the first international developer from Georgia, have officially presented Swissôtel Kobuleti Beach Resort — a $300 million premium hotel-residential resort project in Kobuleti.

The official presentation ceremony was held in Kobuleti and brought together high-ranking government officials, international partners and representatives of the business community. The project marks a significant milestone for Georgia’s tourism, hospitality and real estate sectors, further strengthening Kobuleti’s position as an emerging premium resort destination on the Black Sea coast.

The project also reflects the growing confidence of international partners in Georgia’s stable, predictable and attractive investment environment. As tourism continues to expand and drive demand across the hospitality and real estate sectors, Georgia’s coastline is increasingly becoming a space of new opportunities for developments that combine world-class hospitality, leisure and long-term investment value within a single concept.

Swissôtel Kobuleti Beach Resort is being developed by Archi and NEXT in partnership with Swissôtel, the world-renowned hospitality brand. The complex will consist of three monumental buildings and will bring together a hotel, residential and investment apartments, indoor and outdoor swimming pools, conference facilities, a lobby, a lounge, six restaurants under different brands, a casino, a 3,000 sq.m spa and fitness area, a wellness center and a children’s entertainment area.

Located just minutes from Batumi, the development will further integrate Kobuleti into the region’s largest tourism ecosystem while contributing to the balanced development of Georgia’s coastal regions. The project is expected to introduce the highest international standards in hospitality and real estate development, create new opportunities for economic growth and generate substantial employment during both the construction and operational phases.

The event was attended by the Prime Minister of Georgia, Irakli Kobakhidze; the Minister of Economy and Sustainable Development of Georgia, Mariam Kvrivishvili; the Chairman of the Government of the Autonomous Republic of Adjara, Zurab Pataradze; Aron Libinson, Vice President of Operations at Accor for Georgia and the CIS region; and Jan Dijkema, Director of Chapman Taylor’s Madrid studio.
As part of the official ceremony, guests placed a symbolic capsule in the foundation of the project to mark the start of construction.

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EBRD provides up to US$ 40 million to Credo Bank to support MSMEs in Georgia
04.06.2026.17:31
The European Bank for Reconstruction and Development (EBRD) is strengthening its support for small businesses in Georgia with a new loan of up to US$ 40 million (€34.6 million equivalent) to Credo Bank.
The financing will help Credo Bank expand access to medium-term finance for micro, small and medium-sized enterprises (MSMEs) across the country, with a strong focus on regional areas and women-led businesses.
By providing funding in local currency, the EBRD is addressing a key constraint that Georgian businesses face – namely, limited access to affordable mid-term financing in lari. The facility is expected to support the growth and resilience of MSMEs, which are a cornerstone of Georgia’s economy and a crucial source of employment.
Particular emphasis will be placed on promoting inclusive access to finance. Credo Bank will on-lend at least 45 per cent of the proceeds to women-led and women-owned businesses, helping to close persistent gender gaps in access to finance and economic opportunities.
The investment will also support greater competitiveness in the MSME sector, including through expanded outreach to new clients and enhanced penetration in regional markets, where access to finance remains more limited.
Credo Bank is a longstanding partner of the EBRD and one of the leading MSME-focused banks in Georgia, with a strong regional footprint and extensive experience in serving underserved and rural communities. The new facility builds on a successful track record of cooperation between the two institutions.
The investment aligns with the EBRD’s strategy for Georgia, which prioritises strengthening the resilience and competitiveness of the private sector and promoting greater inclusion in terms of access to economic opportunities.
Since the start of its operations in Georgia in 1996, the EBRD has invested more than €5.79 billion in the country across 318 projects, supporting the private sector, financial institutions and sustainable economic development.