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Georgia's government working with investors on individual basis

Business Materials 30 December 2020 15:03 (UTC +04:00)
Georgia's government working with investors on individual basis

BAKU, Azerbaijan, Dec.30

By Tamilla Mammadova – Trend:

Produce in Georgia agency is asking investors about the minimum criteria, after which they will be interested in Georgia, said Mikheil Khidureli, director of the agency, Trend reports via Georgian media.

According to him, the government is working with investors on an individual basis.

"We are still working on this principle. We started with FDI grants or a program to attract foreign direct investment grants. The second interesting direction is the partnership with a large international company, OCO Global, the largest investor company in the world, which will work under our auspices and attract specific investments for the specific sectors. OCO Global starts to work with 400 companies, reduces their number to 40 companies," he said.

However, 20 visits out of 40 must be implemented in Georgia and 3 large projects out of 20 must be launched, he said.

"It means that the commitment of this company - OCO Global will be fulfilled. We use a very large reputable company to expand the geographical area of our investment," Khidureli said.

Produce in Georgia agency has expanded its programs from which investors can benefit.

These include:

- forestry and fishing
- processing industry
- health and social work activities
- manufacture of various machinery
- logistics services and warehouses
- supply of steam and air conditioning
- professional scientific and technical activities.

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