Turkey’s Calik Holding plans to invest in Georgia’s textile industry

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.