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Turkish Investors to Build a Textile Factory in Upper Ajara

The investors  from Turkey are planning to build a textile factory in Upper Ajara. According to  the Secretary General of the International Investors Association, at this stage negotiations are underway with representatives of the company and  in 2-3 months more effective steps  will be taken.

Osman Chalshkan says that  the company will invest one million dollars in the initial stage and employ 150 people in the factory. “The investors are Turkish, however, a brand is foreign and  Icannot yet specify details. There are a lot of unemployed people in Upper Ajara, people mainly go  to work in neighboring Turkey. We want to build not only the textile plant there but also other plants and bring foreign investors,” Chalishkan notes.

He adds that  investors visited Ajara last week and watched  the alleged territory the factory will be located. The company representatives met with the head of the government of Ajara and the Minister of Finance and Economy as well.