Zurab Pataradze opens a Business Forum ‘Invest in Batumi’

Zurab Pataradze, the Chairman of Ajara AR Government opened a business forum ‘Invest in Ajara’ at Radisson Blu hotel today. Meirzhan Maykenov, the head of one of the largest company ‘Kazakh Invest’ and representatives of largs Kazakh companies visited Batumi in the frames of the forum. ‘Kazakh Invest’ has 50% share in the construction market in Kazakhstan.

The Chairman of Ajara AR Government talked about Adjara's contribution to the country's economic development and underlined popularity of Ajara region in investment and tourism spheres in the whole Black Sea region ‘It should be noted, that Ajara makes a great contribution to the country’s economic development. Favorable and strategic location, the simple and liberal tax system, the rich natural resources and modern infrastructure helped Batumi to become popular investment and tourist destination not only in Georgia, but also in whole Black Sea region,’ – Zurab Pataradze said.

Ramaz Bolkvadze, Minister of Finance and Economy of Ajara talked about the region’s investment potential: ‘428 million Dollar was invested in Ajara, out of which 71% is a foreign investment. Private investments increased by 17% compared with the same indicator of 2015. Energy (45%), tourism (32%) and construction (21%) are the leading spheres due to the investments,’ – Ramaz Bolkvadze said.

Konstantine Megrelishvili, the Deputy Minister of Finance and Economy of Ajara held a presentation about the region’s investment potential. The forum attendees got information about privatization facilities in Ajara; Regulations for Starting Business in Georgia and main parameters of region’s economy.

Investment opportunities of the resort Goderdzi were also discussed at the meeting. Potential investors were given detailed information about ‘Goderdzi’. The resort is being developed very actively. Privatization process has already started. The forum attendees also were informed about tourism and agriculture potential of Ajara. The sides held B2B meetings, where issues of a future cooperation were discussed. "> 


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