Turkey’s Calik Holding plans to invest in Georgia’s textile industry
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One of Turkey’s largest companies, Calik Holding, is expanding its business in Georgia.
After investing in the country’s growing energy sector, Istanbul-based Calik Holding revealed it was interested in developing Georgia’s textile production.
Calik Holding chairman Ahmet Calik met Georgia’s Prime Minister in Tbilisi today and shared his plans of future investment in Georgia.
The Turkish conglomerate is already a major investor in Georgia.
Together with Georgia’s state-owner shareholding company, Partnership Fund, Calik Holding helped build a $230 million USD combined-cycle power plant in Gardabani, in Georgia’s Kvemo Kartli region.
The new Combined Cycle Thermal Power Plant is expected to begin producing power later this year.
Calik Holding is active in the sectors of energy, telecom, textiles, construction, finance and mining. Through its ventures in Turkey and 16 other countries, the company employed around 24,000 people.
Neighbouring countries Georgia and Turkey are further strengthening their economic ties and deepening relations to enjoy better trade, investment and services.
Turkey is a big supporter of charity projects in Georgia and the country will continue to offer financial and expert support now and in the future.
Georgia is exporting fewer products and importing more from abroad, says the country’s National Statistics Office, Geostat.
Georgia’s Prime Minister is calling on Turkish businessmen to invest in Georgia and has assured them Georgia has a truly fair, transparent and secure investing environment.
Georgian Prime Minister Irakli Garibashvili has congratulated Turkey’s ruling Justice and Development Party (AKP) on winning the Parliamentary Elections.
Georgia’s state-owned shareholding company, the Partnership Fund (PF), and China’s Silk Road Investment Company are launching cooperation in Georgia’s textile industry.
Turkish-Georgian cooperation and regional security were high on the agenda at today’s meeting between Georgia’s Defence Minister Tinatin Khidasheli and Turkish Foreign Minister Mevlut Cavusoglu in Brussels, Belgium.
Representatives from Mitsubishi Corporation – Japan’s largest trading company – are visiting Georgia to explore the country’s investments opportunities.
One of Turkey’s largest companies, Calik Holding, is planning to expand its business in Georgia’s energy sector.
A 50-megawatt wind power plant near the village of Nigoza in eastern Georgia is planned to begin operations in 2022, announces the Ministry of Economy of Georgia.