BATUMI | Projects & Construction

[charlottesville]

Originally Posted by Kokoity

Source: http://rustavi2.com/news/news_text.p...main&ct=0&wth=
President opened construction of new building in Adjara
17.11.09 17:28
Georgian president opened the beginning of a new construction in Batumi today. The project was prepared by an Italian architect, and the construction will be finished in a year.
The House of Justice in Batumi will include other regional office of civil register, public register and the executive bureau, the regional branch of justice department and prosecutor`s office of Adjara.
The building will be equipped in accordance with modern standards, computers, office inventory, intranet and internet.

[WaitingforGod]

Mmmh , it seems really interesting .

[Galandar]

Amazing, Batumi is getting so crazy good projects. I like its projects even more than the ones from Tbilisi

[Kokoity]

Informations about Kutaisi free industrial zone

“We have some ongoing investment projects in Georgia. We have hydro plants in Khadori that produce electricity. Collaboration between China and Georgia is not limited to trade companies only but also includes an economic cooperation project, including investment projects,” Counsellor Runyun declares.

One of Chinese companies Hualing Group has planned to establish a free industrial zone in Kutaisi. The first sum of investments will be about USD 100 million.

“This is an important project and will create lots of job places. There are several projects in the western part of Georgia. Chinese businessmen are interested in investing in five star hotels, the cement and banking sectors. Chinese businessmen are already involved in manufacturing, energy, construction, telecommunication, and retail spheres. All of the economical directions in Georgia have good prospects and we in terms of our office will maximally support the further development of Chinese and Georgian businesses,” Runyun says.

source: http://www.finchannel.com/Main_News/...g_in_Georgia_/

[Kokoity]

Georgia expects a $100-million investment from Qatari businessmen. The government made the announcement this week after the visit of a delegation from the state-run Diar property investment fund.

The goal of the delegation’s visit was to acquire first-hand information about business opportunities in Georgia. The ministry offered the visiting businessmen the opportunity to purchase both state-owned assets or several private investment projects.

According to officials, interest was mostly expressed in real estate and tourism.

“They mostly took an interest in real estate projects in Tbilisi and Batumi,” Economy Minister Zurab Pololikashvili told reporters Nov. 17 after meeting the delegation at the Radisson SAS Iveria Hotel. The Black Sea shore was assessed as a valuable investment.

Georgian private firms such as the Georgian Reconstruction and Development Company NV (GRDC), Rakeen Georgia and the Silk Road Group unveiled their present and planned projects for the Qatari businessmen.

A project likely to receive financing from the Qatari businessmen is the construction of the new Vake-Saburtalo Highway in Tbilisi, said Parliamentary Economy and Economic Policy Committee Chairman Giorgi Meladze, following the delegation’s meeting with MPs.

In his comments to Georgia Today, Economic Ministry Spokeswoman Nino Daraseli underscored the delegation’s positive impressions of Georgian projects.

“The Qatari businessmen said Georgia surpassed their expectations. They seem really impressed,” Daraseli said.

The delegation’s arrival followed President Mikheil Saakashvili’s visit to Qatar Nov. 4-6. Saakashvili toured Doha to publicize Georgia’s investment environment for local investment funds, offering businessmen from Qatar the chance to visit Georgia.

In the past three years Asian capital has dominated the Georgian market. For two years in a row – 2007 and 2008 – United Arab Emirates has been the top foreign investor. Last year UAE invested up to $306.6 million or 19.6 percent of Georgia’s total FDI.

The central bank’s projection earlier this year stated that capital from Arab nations will continue flowing into Georgia appears to have come true.

Egyptian home appliances company Fresh Electric announced plans this spring to start investing over $3 billion in Georgia in the course of three years. Now the Qatari businessmen are eyeing more closely the local business environment.

source: http://georgiandaily.com/index.php?o...5724&Itemid=74

[Kokoity]

Fresh Electric Plans Free Industrial Zone in Kutaisi

The FINANCIAL -- According to Civil Georgia, an Egypt-based home appliances producer company, Fresh Electric, intends to create a free industrial zone in Georgia’s second largest town of Kutaisi, Lasha Zhvania, the Georgian economy minister, said on April 2.

A memorandum of intent between Fresh Electric and the Georgian government, he said, would be signed on April 6, according to which the company will establish the free zone on a 27-hectare plot of land. The Minister said that the company would build about dozen of textile, ceramics and home appliances producing factories in the zone.
Lasha Zhvania said that the company planned “unprecedented investments for Georgia.”

“Total of USD 1.28 billion will be invested this year and on the second stage, after year and half, a second stage of investment will be launched and over USD 2 billion will be invested. 2,500 people will be employed this year as a result of this project and on the next stage – after year and a half, from 12,500 to 15,000 people will be employed,” Zhvania said. “No such investment has ever been carried out in Georgia.”

He also said that a New York-based Georgian businessman, Mikheil Tigishvili, would be a local partner of the Egyptian company.

source: http://www.finchannel.com/index.php?...3609&Itemid=18