Jean-Frederic Paulsen Senior Advisor to the Minister The Ministry of Economy and Sustainable Development of Georgia

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1 Jean-Frederic Paulsen Senior Advisor to the Minister The Ministry of Economy and Sustainable Development of Georgia GEORGIA LAND OF OPPORTUNITIES Bia Investment Forum at Radisson Blu Iveria Hotel 15/05/2018

2 Tbilisi Hotel Market # of International passengers in Tbilisi Airport International Visitors % Millions , ,874 1,247, Tourist Arrivals International Arrivals TBILISI HOTEL MARKET STRUCTURE, # OF ROOMS 6,192, 79% 7,663, 61% F 1,683, 21% International brands Local brands 4,947, 39% International brands Local brands Source: Colliers International

Office Market in Tbilisi Weighted Average Rent by CLASS, USD Top 3 tenants by leased area: Professional services (19%) Banking, Insurance & Investment (18%) Public (12%) Gross Leasable Area of A and

3 Office Market in Tbilisi Weighted Average Rent by CLASS, USD Top 3 tenants by leased area: Professional services (19%) Banking, Insurance & Investment (18%) Public (12%) Gross Leasable Area of A and A - Class (sq.m.) A A Source: Colliers International ,322 26,787 37,535 19% 76,322 26,787 49,535 32% 101,022 29,487 71, F A A- Source: Colliers International

Residential Market in Tbilisi In 2017, around 200 residential projects were completed in Tbilisi, comprising 11 K apartments; Since 2012, residential real estate transactions reached the highest

1 PROJECTS FLATS RESIDENTIAL AREA (MLN/SQ M) WEIGHTED AVERAGE SELLING PRICE ON PRIMARY AND SECONDARY MARKETS (USD/sq m) 758 759 739 664 667 673 695 653 714 663 618 612 15,616 Transactions of

4 Residential Market in Tbilisi In 2017, around 200 residential projects were completed in Tbilisi, comprising 11 K apartments; Since 2012, residential real estate transactions reached the highest point in Tbilisi; Ongoing Project in Tbilisi K 3.1 PROJECTS FLATS RESIDENTIAL AREA (MLN/SQ M) WEIGHTED AVERAGE SELLING PRICE ON PRIMARY AND SECONDARY MARKETS (USD/sq m) ,616 Transactions of Residential Flats by Years 16,822 3,711 4,558 18,613 17,801 6,164 6,694 22,257 11,632 27,033 15, Primary Secondary 11,905 12,264 12,449 11,107 10,625 11, Source: National Agency of Public Registry, Colliers International Confidential Colliers International Old Flats New Flats Source: Colliers International

5 Opportunities Opportunities in Hospitality in Tourism and Sector Real Estate SUN-BEACH RESORTS Batumi Anaklia Kobuleti SKI & MOUNTAIN RESORTS Gudauri Svaneti Bakuriani Goderdzi Kazbegi Bakhmaro SPA RESORTS Tskaltubo Borjomi Sairme Likani Akhtala Tbilisi REGIONAL CASINO CITIES Tbilisi Batumi Tskaltubo MICE Tbilisi Batumi Borjomi Akhtala Health Resort Goderdzi Mountain Resort Kutaisi Mixed-Use Development

Tskaltubo - Medical and Wellness Spa Resort Tskaltubo is a well-known and

Tskaltubo s springs are used in complementary healing processes for number

drive from Kutaisi International Airport ü Direct flights to 16

Warsaw, Katowice, Budapest, Vilnius, Thessaloniki, Larnaca, Memmingen,

ü Kutaisi airport served 400 000 passengers in 2017 (50% y-o-y growth)

6 Tskaltubo - Medical and Wellness Spa Resort Tskaltubo is a well-known and 100% state owned medical resort in Imereti region, west Georgia Being a famous brand in CIS countries, Tskaltubo served huge market of 300 mln. people Resort is rich with unique thermal waters with rare composition. Tskaltubo s springs are used in complementary healing processes for number of diseases, including cardiovascular, locomotor, nervous, gynecological and skin disorders. Sightseengs ü Regional base of International airline WizzAair 20 Minutes drive from Kutaisi International Airport ü Direct flights to 16 destination: Berlin, London, Milan, Moscow, Kiev, Kharkiv, Dortmund, Warsaw, Katowice, Budapest, Vilnius, Thessaloniki, Larnaca, Memmingen, Aktau. ü Kutaisi airport served passengers in 2017 (50% y-o-y growth) Road and Railway connectivity Tskaltubo has good connection to the country s main transport links: east-west highway and railroad. Well developed outdoor infrastructure Outdoor infrastructure was fully renovated by the World Bank project

7 Tskaltubo - Medical and Wellness Spa Resort Hotel Savane Hotel Filiali Hotel Imereti Hotel Megobroba Holiday Village in Tskaltubo

Convention Center 10 ha of land plot in the capital city of Georgia for development of the Convention Center Developed Infrastructure Close Proximity From Tbilisi International Airport Easy

operating in Georgia Georgia offers flights to 50 destination Visa free travel with 98 countries United Arab Emirates Tbilisi United Arab Emirates Batumi ü Two flight directions up to 30

8 Convention Center 10 ha of land plot in the capital city of Georgia for development of the Convention Center Developed Infrastructure Close Proximity From Tbilisi International Airport Easy Access Area Suitable for at least 1000 people Minimum 10 meeting rooms and open area Safe environment Cultural and geographical diversity Vast number of attractions There are 45 airlines operating in Georgia Georgia offers flights to 50 destination Visa free travel with 98 countries United Arab Emirates Tbilisi United Arab Emirates Batumi ü Two flight directions up to 30 Flights per week ü Number of Tourists from UAE Increased over the past five year ü We have upward trend in passenger volume over last years ü In 2017, the total number of passengers grew by 42%.

9 Thank You For Your Attention Jean-Frederic Paulsen Senior Advisor to the Minister The Ministry of Economy and Sustainable Development of Georgia

Tskaltubo Spa & Wellness Resort Development. Investment Proposal Ministry of Economy and Sustainable Development of Georgia

Tskaltubo Spa & Wellness Resort Development Investment Proposal Ministry of Economy and Sustainable Development of Georgia Simple, Low and Efficient Taxation System 8th Least Tax Burden Country in the