Overview

The Mukhiani Greenhouse Cluster (MGR) is a 52.9-hectare, fully serviced agro-industrial development zone located in Tskaltubo Municipality, Imereti Region, Georgia. Developed by JSC GH Agri (GHA), MGR is Georgia’s first investment-ready platform for scalable, year-round greenhouse production. The cluster integrates modern infrastructure, high-yield cultivation systems, vocational education, and cooperative engagement to establish a replicable model for climate-resilient agriculture across Georgia and the wider region.

Key Features

  • Infrastructure & Services: Pre-developed land plots equipped with hot water (CHP-based), electricity, CO₂, irrigation, and waste management services.
  • Operational Support: Centralized operations and maintenance (O&M) services managed by MGR LLC.
  • Vocational Training: Access to training and seedling supply services provided by the GFF Year-Round Strawberry Facility.
  • Production Diversity: Supports high-tech (glass greenhouses), mid-tech (tunnels), and low-tech (seasonal outdoor) production for vegetables, berries, herbs, and flowers.

Anchor Project: GFF Year-Round Strawberry Facility

Adjacent to the MGR cluster, the GFF Year-Round Strawberry Facility serves as the anchor pilot project. This 6-hectare high-tech production unit combines year-round strawberry cultivation with an integrated propagation center. Key components include:

  • 4 hectares of fully automated glass greenhouses for year-round strawberry production.
  • 1 hectare propagation center producing strawberry seedlings, fruit tree cuttings, and tulips.
  • 1 hectare allocated for technical infrastructure and potential expansion.

The facility also operates a prolonged seasonality production model in partnership with the Cooperative ‘Produce in Imereti’, extending the strawberry production season through additional greenhouse and open-field cultivation.

Financial Overview

Total CAPEX (Phase I): Approximately USD 12.1 million

  • Stabilized Annual Revenue:
    • Land lease/sales: Up to USD 6.1 million/year.
    • Utility and service revenue: Approximately USD 16.4 million/year.
  • Financial Metrics:
    • Internal Rate of Return (IRR): ≥ 21%.
    • Net Present Value (NPV): Approximately USD 0.5 million (10% discount rate).
    • Estimated company valuation: Approximately USD 36 million.

Investment Opportunities

SPV-Level Investment: Investors can acquire up to 51% ownership in dedicated Special Purpose Vehicles (SPVs) such as MGR LLC or GFF LLC.

Holding-Level Investment: Strategic investors may participate at the holding level by acquiring up to 15% in Class A shares and/or a limited tranche of Class B shares in JSC GH Agri (GHA).

Phase 1 (2025 – Q1 2026):

Feasibility studies, structuring, and EPC procurement.

Phase 2 (Q2 2026 – Q1 2027)

Financial close, engineering, and construction launch.

Phase 3 (2027 – 2029)

Expansion and full production ramp-up.

Regulatory & Compliance Framework

All land plots are categorized as agricultural land and reserved for greenhouse development purposes.

GHA has adopted governance frameworks aligned with international investor expectations and due diligence standards.

Integration of low-impact land use, water resource management, and energy-efficient production systems via the planned Combined Heat and Power (CHP) unit.

Embedding vocational education and training requirements into operational greenhouse units through the International Training & Demonstration Center (ITDC).

Government & Institutional Support

The project is supported by national, regional, and local government authorities, including a signed Memorandum of Understanding (MoU) with the Development Fund of Georgia (DFG), outlining development objectives, financing principles, and institutional cooperation.

For more information or investment inquiries, please contact us at info@ghagri.org.