Home / Economy / Building Materials Factory Underway in Georgia

Building Materials Factory Underway in Georgia

Two more ventures will be formed within the frames of “Produce in Georgia”. According to the Georgian Prime Minister, an enterprise manufacturing building materials will be constructed in Didi Lilo. More than 3.5 million GEL will be invested in the project, whereas the Government will transfer the ownership of the 1 ha land plot to the venture at a symbolic price.

The enterprise formed within the frames of the second project concentrates on production of glass and glass products. Around one million GEL will be invested in the project.

“The Government assists startups in number of directions that encompass transferring of the state owned property to the private sector free of charge, subsidizing loans to startups throughout 2 years after their establishment, as well as provision of the half of the collaterals at the commercial banks,” – the Prime Minister stated.

“I would like to welcome the interest expressed by the world-renowned Georgian designer Zviad Tsikoria. He intends to establish a new enterprise in Georgia. We are ready to fully support the project to ensure maximum benefit for our country with the help of our talented compatriots working in various parts of the world,” – the Prime Minister indicated.