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Georgian gov't to attract $4 billion in foreign investment

Business Materials 2 July 2012 17:56 (UTC +04:00)
The Georgian government plans to attract investments worth $4 billion, Georgian Prime Minister Vano Merabishvili said at a public meeting in Tbilisi on Monday.
Georgian gov't to attract $4 billion in foreign investment

Georgia, Tbilisi, July 2 /Trend N.Kirtzkhalia/

The Georgian government plans to attract investments worth $4 billion, Georgian Prime Minister Vano Merabishvili said at a public meeting in Tbilisi on Monday.

"It's 50,000 new jobs that are needed in our country and will appear in Georgia," he said.

Merabishvili also said that 15 hydropower plants will be built in the country within two years, which will create 13,000 new jobs. "My task is that 90 000 hectares of land were irrigated and 35,000 hectares of wetlands were drainage," he said.

The Prime Minister also said the construction of 5000 kilometers of roads is also planned.

"All these measures are aimed at improving the welfare of our citizens and the solving of the unemployment problem, and I am sure that if we stick to the plan, we'll solve this problem," Merabishvili said.

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