Georgian PM, UAE Minister of Tolerance discuss cooperation

Irakli Kobakhidze, Georgian Prime Minister and Sheikh Nahyan bin Mubarak Al Nahyan, the Minister of Tolerance of the United Arab Emirates on Sunday discussed “successful” cooperation as well as prospects for deepening trade, economic and investment ties, the Government Administration said.

The officials highlighted the existing “favourable” investment environment in Georgia, state programs supporting businesses, projects aimed at enhancing the competitiveness of the private sector, and the “growing” export potential.

The meeting emphasised the importance of the Tbilisi dry port project, an initiative involving the construction of a multimodal inland terminal to serve rail and road container shipments, with the Abu Dhabi Ports Group providing the investment, the Administration added.

The sides also discussed the role of the project in the development of the Middle Corridor, a logistics route connecting Central Asia and China to Europe via the South Caucasus through Georgia, as well as “successful” completion of negotiations with Emaar, real estate development company, which would result in significant investment projects being implemented in the country, the statement read.

Cooperation in tourism, facilitated by the introduction of a visa-free regime, was also reviewed, with parties affirming readiness to further strengthen bilateral relations in various sectors.