Property decisions are a crucial part of every person’s life. They affect the quality of their families’ lives now and in future. “Home” is a place that determines our daily moods and success. A premium property partner will come in handy to help you make the best property decision!
OTI Real Estate is a team of professionals who are more than just real estate agents. The team of professionals with years of experience in the field perfectly understands how to meet their client’s needs and requirements.
OTI Real Estate, a global company with six years of experience in Georgia, has gained and deepened its knowledge and expertise in the high-value luxury property market. OTI Real Estate is a specialist in coastal, lifestyle, executive, luxury, and executive real estate. It is considered to be one of the most qualified and trustworthy partners for those who are seeking professional service.
Hani Hebashi is the President of Georgian-Egyptian Chamber of Commerce and CoFounder and Chief Executive of OTI Estate. He tells us that, despite the fact 2021 was a challenging year for businesses around the world due to the pandemic in the United States, the OTI team of professionals and their crisis management strategy helped to overcome these challenges.
“We started working in investment, consulting and real estate six years ago when we arrived in Georgia. We chose Georgia because it is easy to set up a business. Georgia ranks 6th worldwide in terms of ease of starting a business. We continued to work normally until 2020 when the coronavirus outbreak began. The pandemic affected all businesses, including ours. However, we are fortunate to have a team that is experienced and qualified and can overcome challenges.
“Our team came with a new solution to avoid the pandemic’s effects and introduced new technologies as well as new ways to communicate with our customers who are based mostly outside Georgia. We used new technologies and certain platforms to make it seem like they were in Georgia. Hebashi says that as a result, we are much less affected by coronavirus than other businesses in the same field or others.
OTI Real Estate is one of the few strong companies that remain on the market today.
The co-founder, however, notes that the pandemic changed a lot in business, and it was necessary to introduce new strategies and action plans.
“I have a very strong team and they can overcome any difficulties related to pandemics thanks to their professionalism,” says he.
We were curious to know what made him choose Georgia as the location for his business and investing activities, since he is originally Egyptian. He said he began in Saudi Arabia and then moved to Qatar. Georgia was discovered in 2017 when he organized an international business conference with the participation of many countries, including Georgia. He’s currently trying to organize a business forum similar to that in Georgia.
“The first reason I chose Georgia was its strategic location,” he says. “It is between countries where you can do business.” The country is also ranked 6th in the world according to all banks for ease of doing business. And there’s virtually no corruption here.
Hebashi says that he has never encountered corruption in his many years of doing business in this country. This free and comfortable atmosphere is the main reason why he began and continues to do business in the country.
Hebashi compared 13 countries before deciding to come to Georgia. “Georgia ranked first” because it is a low-cost country, easy to set up a business and offers “a lot of opportunities, a stable economy and government to start a creative company.”
OTI Real Estate is actively involved in attracting investment since its first day on the market. Forbes stated two years ago that it was necessary to attract five hundred million dollars into Georgia over a three-year period.
Hebashi says, “When I visited Georgia in 2017, I saw that the total real estate investment was $350 millions,” and that “until 2019, we attracted investors here and we brought in $500 million in investment to Georgia!”
“In 2020 we had creative ideas about how to connect with our customers through platforms and new technology, and we also attracted partners and investors this way. In 2021, our goal was to see what we had accomplished through Zoom and our conferences. We are now getting huge investors from Dubai, Afro America and Canada.
This interest in foreign investors is due to Mr. Hebashi, his contacts within the global business world and the dedication of the entire company.
It is also worth mentioning the exemplary relationship with customers. The company has not had a single complaint or disagreement from a client in its six years of operation on the local market.
OTI Tower 31 is the latest and largest project that the company has implemented. It is still ongoing. A unique and innovative project with an investment of $160 millions.
The team has many unique and interesting ideas for the future. One of them is to establish the largest and most comfortable wellness resorts in Europe in Borjomi. This will attract more investment and contribute to local tourism and the economy.
The co-founder of OTI Real Estate noted that, compared to other countries, Georgia still maintains its economic and political stability.
Notably, Mr. Hebashi and his colleagues met with the President Salome Zurabishvili recently to discuss the next levels of investments that will be attracted to the country through the work they have done.
“The ideas that we have will change the economic and business situation in Georgia.” He concluded that “we have innovative, big and very beneficial ideas” for this country.
Hebashi’s view on the future and what he expects to happen in 2022 is that focusing on the new technologies will be a key factor for all businesses, including OTI Real Estate. He and his team have been working hard to introduce innovative technologies to bring more benefits to the economy and society as a whole.
Apart from the real estate business, Mr. Hebashi is the Board President of the Egyptian Chamber of Commerce in Georgia, Founder and CEO of Tiflis Arabic Media TV The Georgian-Arabic-African Business Union (GAABU) is one of the recent initiatives to promote Georgia and increase its FDI.
A platform for investment networks is being created to increase foreign direct investments in Georgia.
According to its organizers the platform will assist in establishing valuable contacts between investors and investment seekers, giving the country a new opportunity to attract both institutional and private investments. According to the parties involved, there are several investors who have already expressed interest in the Georgian business climate and their cooperation is expected to make a significant contribution towards the economic development of the country. The forum on investment networking launched September 24, 2020 highlighted the importance of mutual cooperation between Georgian companies in order to increase FDI. The GAABU aims to create a business climate that is conducive to foreign investors, so as to attract more investors and create new jobs in Georgia.
GAABU offers a wide range of services and benefits to its members, including trade and industry, as well as to individuals and companies. GAABU offers a range of services, including: business and financial consulting; legal and immigration support; immigration and brokerage consulting as well as marketing and promotional services. The Union creates an environment that is favorable and secure for investors to start a business in Georgia or diversify their existing one.
OTI Group and GAABU have a network in the Middle East through which they actively work with foreign partners, and seek new ways and perspectives for cooperation.
Mr. Hebashi thanks his GAABU investors, and welcomes any investor who wants to enter Georgia or diversify their business.
Interview with Ana Dumbadze
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