Israeli investors commit to multimillion dollar projects in Georgia

Georgia is positively welcoming a new phase of Georgia-Israel relations that includes implementing several multimillion dollar Israeli investments in the country in the comings months.

This was decided at the Georgia-Israel business forum held in Israel on August 17 where Tbilisi Mayor Davit Narmania introduced Georgia’s investment potential to 101 businessmen. During his speech he mentioned Georgia's favourable business environment and simplified tax and customs procedures.

A statement released today by Tbilisi City Hall noted the Mayor of Jerusalem was interested in Georgia’s tourism and medical sectors.

I visited Israel to attract investments and implement specific projects, to establish cooperation in the sphere of tourism and to support the development of high-technologies. Tbilisi’s door is open for investors and I guarantee to support all projects and investors,” said Narmania.

Meanwhile president of the Israel-Georgia Chamber of Business Itsik Moshe said a new format of cooperation had started between the two countries and confirmed several multimillion dollar projects will be implemented in Georgia.

Today is the last day of Narmania’s three-day visit to Israel. During his trip Narmania held several meetings with the Mayor of Jerusalem and the business community that focused on deepening bilateral cooperation.

The Mayor of Jerusalem will attend a reciprocal visit to Georgia in December this year.