A Georgian Silk Road Group, which is a partner of The Trump Organization in a project of Trump Tower construction in the Georgian city of Batumi, has officially confirmed the termination of the given project by the parties.
The project had been implemented on the basis of a licensing agreement.
We should remind you that The Trump Organization based in New York City comprises business ventures and investments of U.S. President-elect Donald Trump.
At the same time, according to the statement, in future, Silk Road Group plans to build a residential compound of a high category on the Black Sea coastline in Batumi, Georgia.
“That ambitious project masterminded by Mr. Trump during his visit to Georgia in the year 2012 will reinforce Georgia’s standing as one of the attractive international tourist directions,” the document reads.