Chinese corporation to purchase 75% of Poti Free Industrial Zone shares
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Georgia and China are strengthening cooperation within the ‘One Belt, One Road’ initiative – a vast development strategy starting in China and spanning across Eurasia.
The Government of Georgia and Chinese corporation CEFC China Energy Company Limited signed a Memorandum of Understanding (MoU) in Georgia’s capital Tbilisi today.
CEFC China Energy Company Limited is a private collective enterprise offering energy and financial services.
Within the framework of the MoU the Government of Georgia and the Chinese corporation discussed the possibility of the corporation’s purchase of 75 percent of Poti Free Industrial Zone shares.
Poti Free Industrial Zone is strategically located adjacent to the Black Sea port city of Poti – the largest sea port in Georgia. This brings significant logistics and supply chain advantages to companies looking for a straightforward and tax-friendly business environment.
The Chinese corporation plans to further develop the Poti Free Industrial Zone by sharing its standard practices and latest technologies.
Georgia is taking a major step forward to develop its railway infrastructure, forge closer ties with China and boost its economy by building a new factory that will manufacture modern electric locomotives.
Georgia is offering Chinese investors big opportunities to explore the country’s free and open economy.
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Georgia has joined in the celebrations of Chinese New Year – the year of the Rooster – which begins tomorrow on January 28.
Two new logistic centres will be built in Georgia’s third largest city Kutaisi and in the village Kumisi, near capital of Tbilisi to cement Georgia’s reputation as logistic hub country.
A major celebration marking the Georgia-China Friendship Day and 25 years since the establishment of diplomatic relations between the two countries has taken place in the centre of Tbilisi today.
The Government of China has gifted a new combined mobile container/transport inspection system to Georgia.
Heavy rain has caused the flooding of yards and ground floors of several streets in the coastal town of Poti in western Georgia.
Residents of Georgia’s Black Sea port town of Poti have been protesting the 'unbearable smell of fish' in the city.
Georgian Agriculture Minister Levan Davitashvili has stated today that if fish factories in the Black Sea port town of Poti do not follow sanitary standards, work will be stopped.
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The Hualing Free Industrial Zone in the western Georgian city of Kutaisi is expanding by another 22 hectares to reach 58 hectares, the Georgian Ministry of Economy announced on Tuesday.