PM, Turkish investment holding head discuss Georgia’s investment potential

Prospects of cooperation and investments in various directions in Georgia were discussed between Georgian Prime Minister Irakli Garibashvili and Yıldırım Demirören, the Chairman of Demirören Holding, an Istanbul-based investment holding, on Thursday.

The Georgian Government Administration said the PM had discussed the domestic hospitality industry, real estate sector, as well as energy and information technology as areas of potential investment during the meeting with Demirören.

• PM vows Gov’t will invest “tens of millions” in rehabilitating Tskaltubo as “world-class” spa resort

The sides also noted a “large investment” would be made by the company into the construction of a new five-star Old Iveria hotel in western Georgia's Tskaltubo resort, with the Government announcing a rehabilitation project for the country’s Soviet-era tourist location in early July. 

Pointing out a “stable and favourable business environment” for investors in Georgia at the meeting, the Government head also said low taxes and the “unique location” of the country made it “particularly attractive” for foreign investors.