BAKU, Azerbaijan, Dec.7
By Tamilla Mammadova – Trend:
The United States Agency for International Development (USAID) and Produce in Georgia agency have launched a two-year partnership to facilitate Foreign Direct Investment (FDI) in Georgia, Trend reports via Georgian media.
As reported, these steps aimed to help the country's private sector recover from the COVID-19 pandemic and build a more innovative economy that creates higher-value jobs for Georgian workers.
With financial support from USAID, the Produce in Georgia agency will work closely with OCO Global, a foreign investment advisory firm to identify and promote high-value investment opportunities in the Georgian economy and raising awareness about the country’s economic potential among major international investors.
The initiative will prioritize investment in greenfield and export-oriented projects, focusing on innovative, high-value manufacturing including electronics, medical instruments, aerospace, and automotive parts.
The partnership with the Produce in Georgia agency is part of USAID’s approach under its new 2020-2025 Country Cooperation Development Strategy guiding its assistance to Georgia.
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