PM, Turkish investment holding head discuss Georgia’s investment potential
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. Photo: Government Administration
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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.
Georgia’s investment potential and cooperation prospects in energy, agriculture and more were discussed on Thursday in a meeting between the Georgian Prime Minister Irakli Garibashvili and Meir Shamir, the Chief Executive Officer of Mivtach Shamir Holdings, an Israeli-based investment company.
Georgia’s Economy Minister Levan Davitashvili on Tuesday said he expected the private sector to be “very active” and invest at least ₾500 million (about $170mln/€166mln) in rehabilitation project for western Georgia’s Soviet-era Tskaltubo resort.
Georgian Prime Minister Irakli Garibashvili on Tuesday said that the Georgian Government would invest additional “tens of millions” of GEL in the effort to rehabilitate the long-neglected Soviet-era Tskaltubo resort into a “modern, world-class” spa location.
Investment opportunities in Georgia, and a favourable business environment were discussed on Wednesday in a meeting between the Prime Minister of Georgia Irakli Garibashvili and Ryan Salame, the CEO of FTX Digital Market.