Ambassadori Island Batumi brings Black Sea smart city vision to MIPIM
Ambassadori Island Batumi is the first artificial island development in the Black Sea.
A large-scale smart city development on Georgia’s Black Sea coast is being introduced to global investors this month as Ambassadori Island Batumi makes its international debut at MIPIM 2026.
The project, the first artificial island development in the Black Sea, covers 84 hectares and will combine residential, hospitality, retail and marina components as part of a wider effort to position Batumi as a growing hub for tourism and international real estate investment.
The development will be presented to investors at MIPIM 2026 at the FIABCI Pavilion, where Ambassadori Island Batumi will participate as a FIABCI Platinum Partner.
Developed by Ambassadori Group in collaboration with SHoP Architects and Yüksel Proje, the scheme will incorporate a smart city framework developed with engineering consultancy ARUP. The concept includes digital infrastructure, automated energy management systems, intelligent transport solutions and responsive public services aligned with standards promoted by the European Commission and the International Telecommunication Union.
The first phase of the development will feature a 58-storey residential tower containing 1,350 apartments, with completion expected in February 2029. The tower will anchor a broader masterplan integrating residential, commercial and marina facilities designed to create a mixed-use urban environment supported by smart city technologies.
Georgia’s designation as an official European Union candidate country in December 2023 has further strengthened its profile among international investors evaluating opportunities along the Black Sea corridor between Europe and Asia.
Tourism growth has been a major driver of Batumi’s expanding property market. Georgia recorded 7.8 million international visitor entries in 2025, while international arrivals in Batumi rose by more than 40% in early 2024 compared with the same period the previous year. Increasing hotel occupancy rates and short-stay rental demand have supported rising transaction volumes and price growth in the city’s coastal real estate market.
According to Ambassadori Island Batumi CEO Gocha Kamkia, the project has already attracted significant early investment interest.
“Ambassadori Island Batumi provides international investors with opportunities to undertake large-scale investments in projects prepared in advance by international economists,” he said, adding that construction progress has already reached the halfway point for initial land works and that eight local and international companies have begun implementing projects valued at more than $600 million.
