Georgian president: South Korea ready to invest millions of dollars in Georgia
Georgia, Tbilisi, March 29 / Trend, N.Kirtskhalia /
South Korea has expressed its willingness to implement several investment projects in Georgia, President Mikheil Saakashvili told reporters on Thursday after meeting with his South Korean counterpart Lee Myung-bak in Seoul.
He said South Korea plans to invest in the construction of a new hotel in Batumi, construction of hospitals, several major hydropower plants and a plant for manufacturing electric vehicle cells.
"We talked about investments in millions of dollars which will enable us to create new jobs in the country and stimulate the economy," Saakashvili said.
He stressed that Georgia attracts South Korean investors as there is no corruption in the country and the economy and business environments are growing.
Georgian Foreign Minister Grigol Vashadze, who also attended the meeting, said that representatives of 20 South Korean companies will soon visit Georgia to become acquainted with the local situation and development of specific projects.
He said that Korean company Нyundai applied for the tender for the construction of two major HPPs in Georgia, at Namakhvani and Nekresi.