Economy Minister, real estate firm founder discuss potential “large investment projects”

Georgian Economy Minister Levan Davitashvili and Mohamed Ali Alabbar, the founder of the Emirati-based Emaar Properties real estate company, on Tuesday discussed potential “large investment projects” and the company’s entry into the country’s market at their meeting on the sidelines of the ongoing World Governments Summit in Dubai.

The Ministry said the meeting also discussed current trends in the Georgian economy and future development prospects, with the country’s delegation highlighting the domestic “liberal tax system and attractive investment environment”.

Davitashvili said the entry of the corporation into the country would boost “awareness of and trust in” Georgia not only in the Emirates but also in the wider Gulf region and other countries.

On his part, Alabbar emphasised Georgia remained the “most interesting and advanced destinations” for investment, including in trade, tourism and the airline market, and noted cooperation would promote relations between the two countries as well as strengthen trade, economic and investment ties.

Emaar Properties operates in countries in Asia, Europe and North America.

Running between Monday and Wednesday, the Summit is taking place under the theme of “Shaping Future Governments” and involves governments, international organisations and private sector from around the world.