“We attach the greatest importance both to attracting international investment and supporting local investors. It’s vital that we use all instruments effectively to ensure a comfortable and transparent investment environment, increase access to finance and, of course, help international and domestic investors create new employment opportunities in our country,” declared the Minister of Economy and Sustainable Development.

Mariam Kvrivishvili highlighted investment projects implemented and ongoing in Georgia. According to her, a GEL 80 million investment was made in the newly opened metallurgical enterprise of Georgian Metal company in Zestafoni, creating over 400 new jobs.
As the Minister noted, the enterprise’s construction materials production will exceed 400,000 units annually, which is precisely the volume by which import requirements will be reduced.

“Our task is to strengthen each sector, the opportunities in this sector, so that we properly assess, first and foremost, our country’s resources, what we can develop further and what remains a necessity for imports,” the minister noted.

Mariam Kvrivishvili paid particular attention to the major investment project being implemented in Georgia by Eagle Hills, the company of Mohamed Alabbar, founder of one of the United Arab Emirates’ largest developer companies, Emaar Properties.

“This is a project of historic scale. We’re talking about two major projects in Gonio and Tbilisi, in the Krtsanisi area, where over 5,000 people will be employed. These will be two major multifunctional complexes combining accommodation facilities and other commercial spaces,” the Minister noted.

According to Mariam Kvrivishvili, this project is also a major stimulus for other investors.

“This project has particularly strengthened confidence in our country in the Persian Gulf states. Confidence that there is a stable investment environment in our country, and its future is only positive. The entry of such a major investor, with this volume of funds, has generated interest from major investors not only from Persian Gulf countries, but from other countries as well,” the Minister noted.