Georgia’s Partnership Fund collaborates with Chinese financial institutions
Tweet 
Share
Georgia is looking for ways to deepen cooperation with its partners in China and encourage more Chinese investors into the country.
A Georgian delegation led by Davit Saganelidze, head of the state-owned shareholding company the Partnership Fund, has met officials from Chinese financial institutions to discuss the prospective for future cooperation.
Today and yesterday Saganelidze met management teams of large banks operating in China and introduced them to the role of the Partnership Fund and its importance in Georgia.
The president of the Asian Infrastructure Investment Bank (AIIB) welcomed Georgia’s initiative to establish financial institutions in the country.
Meanwhile the president of the Export-Import Bank of China said within the past two years Chinese entrepreneurs had started to actively invest in Georgia and the bank would continue to finance and support Chinese investors willing to enter the Georgian market.
At the same time, the general director of China Development Bank also promised to financially support Chinese companies who invested in Georgia’s infrastructural or energy projects.
While in China Saganelidze also met with representatives of several Chinese companies; the most important meeting was with ZTE Corporation – a Chinese multinational telecommunications equipment and systems company that’s headquartered in Shenzhen, China.
The Partnership Fund and ZTE signed a Memorandum of Cooperation after the company announced it was ready to implement innovative technologies in Georgia together with the Partnership Fund.
A joint project between Georgia and China is being executed in Georgia’s farming Marneuli district to build greenhouses to stimulate vegetable production.
Georgia's state-owned shareholding company, the Partnership Fund (PF), is teaming up with local company Gino Invest to implement two major projects in Georgia.
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.
Georgia and China are deepening cooperation in the fields of agriculture, tourism, science, modern technologies and construction.
Huawei, a leading Chinese multinational networking and telecommunications equipment and services company is interested in developing its business in Georgia.
Georgia will be the first country in the region to launch negotiations with China about free trade, said Georgia’s Prime Minister Irakli Garibashvili after meeting his Chinese counterpart Li Keqiang in China today.
The Prime Minister of Georgia and a delegation of Georgian officials are on their way to China for a five-day working visit.
A state-owned shareholding company Partnership Fund (PF) has completed working on the concept of developing Georgia’s Racha region together with an international network of public accounting, tax and advisory firms, BDO.
A large Chinese clothing manufacturer is gearing up to open a jacket-making factory in Georgia to make top quality jackets for world famous brands.
Several large international investment funds will soon invest significant sums of money in Georgia to support the country’s development across various sectors of the economy.
Georgia’s state-owned investment fund known as the Partnership Fund since 2011 will change its name into the Georgian Development Fund and turn into a more modern structure, Economy Minister Natia Turnava has announced.
Besik Bugianishvili, the Executive Director of the Development Fund of Georgia, on Thursday said his office had started working with international development banks and foundations to raise capital and implement a new investment strategy.