Georgia’s business “advantages” promoted in Adu Dhabi meetings with potential investors - Enterprise Georgia Director
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Georgia’s export promotion agency Enterprise Georgia promoted “advantages” of the country’s business climate with prospective investors at the Annual Investment Meeting in Abu Dhabi last week, Director Mikheil Khidureli has said.
Meeting potential investors in energy, agriculture, production, hotels and real estate, the agency sat down with about 20 companies from Persian Gulf countries, Khidureli noted in his summary of the involvement in the event.
The meetings were held as Georgia was represented at the annual event with a stand where visitors learned about the investment, business and economic environment of the country.
Enterprise Georgia's CEO, Mikheil Khidureli, discussed the investment, business, and economic environment of Georgia at a round table discussion at the Abu Dhabi Investment Forum AIM2023.
— Enterprise Georgia (@EnterpriseGE) May 17, 2023
He also participated in a panel discussion on "Attracting Investments for Economic Growth". pic.twitter.com/urpmXy9dAN
“With Georgia's stand at the largest investment exhibition of the United Arab Emirates, we once again emphasised the advantages that the country has”, he said while highlighting benefits of investing in Georgia.
????????????????During the #AIM2023 investment event in Abu Dhabi, investors from various countries in the United Arab Emirates learned about Georgia's investment prospects, business and economic climate.
— Enterprise Georgia (@EnterpriseGE) May 16, 2023
Georgia was represented by a dedicated booth at this year's forum. pic.twitter.com/qYo1pC8Sml
“[They include] the ease of doing business, low taxes, low bureaucracy, more flexibility and, most importantly, increased role of the country in logistics”, Khidureli said in reference to the increased interest in logistics routes between Central Asia and Europe that bypass Russia, in the wake of its war in Ukraine.
The Enterprise Georgia Director added his body was “actively working” to further develop investment relations with the United Arab Emirates, and noted the deal reached with the
UAE-based renewable energy company Masdar for building a 100 MW capacity solar power plant in Georgia.
Georgia’s export-promotion agency Enterprise Georgia will promote the country’s investment potential in meetings with companies at the ongoing Annual Investment Meeting in Abu Dhabi this week.
Industrial production of wind power plants in Georgia is set to begin following the signing of a memorandum between the country Economy Ministry, the State Military Scientific Centre Delta and Georgian Wind Energy Association on Wednesday.
A solar power plant has been installed in central Georgia’s Gori municipality to provide free-of-charge electricity to internally displaced persons in two villages in Georgia, with Lithuania’s Environment Ministry funding the initiative.
Solar power systems have been installed in highland villages that are not hooked up to the national electricity grid in Georgia’s eastern Akhmeta municipality.
The number of flights between Georgia’s western city of Kutaisi and the capital of the United Arab Emirates, Abu Dhabi, will increase from seven to nine this summer, the United Airports of Georgia announced on Tuesday.
Georgian Prime Minister Irakli Garibashvili on Tuesday said the comprehensive economic partnership agreement signed between Georgia and the United Arab Emirates earlier during the day had laid a “solid foundation” for the development of “stronger and consolidated” trade and economic relations between the countries.
Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the United Arab Emirates State Minister for Foreign Trade, on Tuesday discussed trade and economic relations, as well as the comprehensive economic partnership agreement signed between the two states earlier during the day.