Top Chinese energy giant keen to invest in Georgia
Tweet 
Share
One of China’s leading energy conglomerates, CEFC China Energy, is showing an interest in investing in Georgia, and not only in the country’s developing energy sector.
A Chinese delegation representing the CEFC China Energy met Georgia’s Prime Minister Giorgi Kvirikashvili and other officials in capital Tbilisi this afternoon, where they learned about the prospects of cooperation in several sectors including energy, finances, tourism, transport and logistics.
Georgia’s Prime Minister informed the guests about the vast investment opportunities available in Georgia and said a special working group would be created to facilitate cooperation between the Government of Georgia and CEFC China Energy.
The working group will be chaired by Georgia’s Minister of Economy Dimitri Kumsishvili.
One of the biggest Chinese companies #CEFC is interested in investing in #Georgia#InvestInGeorgia#GeogiaChinapic.twitter.com/0DnoKLpHnd
— Giorgi Kvirikashvili (@KvirikashviliGi) June 14, 2016
Meanwhile in July the Chinese company will host a month-long investment forum in Shanghai, China, and invited Georgia to attend so the sides could further discuss future cooperation.
CEFC China Energy is a private Chinese conglomerate. With revenue of $35 billion USD in 2014, the company is among the 10 largest private companies in China.
In 2014 CEFC China Energy earned most of its income from oil and gas (60 percent) and financial services (25 percent), but the company also operated in a wide range of other sectors like transport infrastructure, forestry, asset management, hotel management, warehousing services, real estate development and logistics services.
A large portion of CEFC's assets is concentrated in overseas markets. Most of the company is owned by Shanghai Energy Fund Investment Ltd (SEFI), which is registered under Ye Jianming, the chairman of CEFC.
The Chinese conglomerate currently invests in several European countries including the Czech Republic, Slovakia and Romania.
A new Chinese airline could soon make history by launching regular flights between Georgia and the United States (US). This was announced after Georgia’s Prime Minister Giorgi Kvirikashvili met a major Chinese investor in Tbilisi this afternoon.
Georgia could let tourist groups from China enter the country without a visa and China could do the same for Georgian tourists. Tourism and foreign officials of Georgia and China met in Beijing for a consultation meeting to discuss future cooperation to develop bilateral tourism.
Georgia is creating two-year action plan in order to attract more tourists from China, announced Head of the National Tourism Administration Giorgi Chogovadze today.
Georgia has begun free trade talks with China. The deal will be extremely beneficial for Georgia as it will facilitate increased business and trade turnover between both nations.
Georgia and China are deepening cooperation in the fields of agriculture, tourism, science, modern technologies and construction.
Georgia shows $7b investment portfolio to Chinese investors
Georgia is proudly showing its investment climate and ongoing reforms to one of the country’s largest trade partners, China, at the first ever China-Georgia Investment Forum.
After presenting Georgia’s investment climate and ongoing reforms in China’s biggest city Shanghai this week, Georgian officials are continuing to raise awareness of the country’s development in other regions of China.
Georgia is offering Chinese investors big opportunities to explore the country’s free and open economy.
Georgia is today hosting two premier energy events where international power professionals can meet and share information on the challenges facing the energy industry and discuss solutions for advancing Caucasian energy future.