Davos 2015: Five global companies interested in Georgia

Representatives of some of the world's five largest companies will visit Georgia in the near future to discuss investment opportunities.

The companies' interest in investing in Georgia was the result of many bilateral meetings Georgia's Prime Minister Irakli Garibashvili has arranged and held with a variety of business representatives at the World Economic Forum 2015 in Davos, Switzerland, said the press office of the Georgian Government Administration.  

The Georgian PM summed up his first day in Davos as "productive" on his official Twitter account.

Had productive mtngs w/ representatives of HCL Technologies @hcltech,@tech_mahindra, Hanwha Group and Louis Dreyfus Group #Georgia@Davos

— Irakli Garibashvili (@PrimeMinisterGE) January 21, 2015

French-based company Louis Dreyfus Group, which is involved in agriculture, oil, energy and commodities, was one of the companies who expressed interest in possibly investing in Georgia. 

Head of the company Margarita Louis-Dreyfus and Garibashvili agreed that a representatives of Louis Dreyfus Group will visit Georgia soon.

The Georgian Prime Minister meets representatives of French-based company Louis Dreyfus Group. Photo by PM's press office.

At the meeting with Louis-Dreyfus representatives, PM Garibashvili said the Georgian Government had created liberal conditions for offshore investors.

Meanwhile representatives of Hanwha Group of South Korea, also pledged to visit Georgia in the near future to learn about the country's investment opportunities. Hanwha Group is involved in the manufacturing and trading sector.

Garibashvili told the company's director Dong Kwan Kim of the benefits the Association Agreement (AA) and the Deep and Comprehensive Free Trade Area (DCFTA) had brought to Georgia. With this agreement, the EU market, involving its 28 member states and more than 500 million customers, was now open for Georgia, Garibashvili explained.

Garibashvili at the meeting with Tech Mahindra representatives. Photo by PM's press office.

The third company to express its interest in investing in Georgia was Tech Mahindra, an Indian multinational provider of information technology, networking technology solutions and business support services to the telecommunication industry.

HCL Technologies said it was also ready to discuss investment opportunities in Georgia. Photo by PM's press office.

HCL Technologies, an Indian global IT services company said it was also ready to discuss Georgia's investment opportunities. 

In Davos Georgia's Prime Minister also met Martin Gilbert, CEO of Aberdeen Asset Management, an international investment management group who manage assets for institutions and private investors from offices around the world.

Garibashvili meets Aberdeen Asset Management representatives. Photo by PM's press office.

Aberdeen Asset Management has already invested more than $300 million USD in the securities issued by Georgia and Georgian companies. At the meeting company representatives positively assessed Georgia’s policy in terms of level of judicial independence and the improvements made in protection of private property rights.