Economy Minister: Georgian, Kuwaiti PMs agreed on working group to work on “specific matters” to bolster trade, investments

Georgian Economy Minister Levan Davitashvili on Tuesday said the country’s Prime Minister Irakli Kobakhidze and his Kuwaiti counterpart Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah had made a decision in their meeting earlier during the day to form a working group to address “specific matters” of partnership for boosting trade and investments.

[The group] will be composed of representatives from both governments. It will focus on specific matters and involve collaboration from both the private and public sectors. I believe this approach can lead to effective cooperation in the near future”, he said.

The Minister emphasised a “great” potential for collaboration with Kuwait, particularly in trade and investment sectors.

During discussions with the Kuwaiti Prime Minister and his Government delegation earlier during the day, Davitashvili said he had highlighted a “growing” trajectory of tourists from Kuwait to Georgia, indicating this trend was likely to continue.

We discussed potential projects that may interest Kuwaiti investors, including tourism, hospitality, real estate, and retail investments”, he said.

The Minister added the prime ministers had decided to establish the working group to ensure the discussions would be “translated into tangible results”.

He also mentioned the possibility of “high-level visits” this year that would “enhance Georgia’s profile” in Kuwait and further attract Kuwaiti investors.

Davitashvili said his Ministry had been “actively collaborating with several largest groups” from Kuwait over the past year, and expressed hope the established connections with potential investors would yield “positive outcomes” this year.