Ras-Al-Khaimah has become the major investors in Georgian economy with all the support of Rakia state investment agency. they have invested above 400 million USD in america.
“We have held a really interesting choosing the Emir of Ras-Al-Khaimah Emirate C Sheikh Saud Bin Saqr Al-Qasim. In whole, variety of the projects of Ras-Al-Khaimah investment agency exceeds 220 million USD. It is Tbilisi Mall, which is a major commercial point for Tbilisi residents and guests. Sheraton hotel will be also renovated and it’ll be completed in September. Renovation project is estimated at 51 million USD. Additional 9 million USD will likely be dedicated to entertainment center construction”, Dimitri Kumsishvili said.
At the meeting the Georgian Vice Prime Minster updated the Sheikh on economic tendencies in Georgia and continuing reforms geared toward accelerating economic growth pace in Georgia.
Special accent was created on structural and economic reforms, including reformation of profit tax, four-clause plan of presidency of Georgia and accompanying components.
The parties also decided to develop ceramics production and industry in Georgia. Georgia is rich of due materials and free trade agreements make the country competitive on foreign markets.
“A special group will arrive in Georgia, which could explore those opportunities in Georgia,. This is the new direction with our country C ceramics industry and this is a key segment. Georgia is rich with the clay that is used on this industry along with the country is attractive concerning logistics. Moreover, our free trade agreements could make this company very attractive”, Dimitri Kumsishvili said.