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Home / Economy / Dimitri Kumsishvili: China to Encourage Chinese Companies to Launch Businesses in Georgia

Dimitri Kumsishvili: China to Encourage Chinese Companies to Launch Businesses in Georgia

Government of China will encourage private sector and state companies of China to put investments  and boost production output in Georgia”, Dimitri Kumsishvili, Minister of Finance of Georgia, noted after his meting with Chinese vice Prime Minister Wang Yang. New enterprises will create new job paces in Georgia, Kumsishvili noted.

“We asked the Chinese party to develop a new project as part of One Belt- One road program in order to promote Chinese private sector in Georgia”, Dimitri Kumsishvili said and named Hualing company as an example of successful operation. Hualing was named as a Georgia’s major investor company in 2015.

Huliang has invested 600 million USD in various sectors of Georgia economy, including banking, power, technology fields.

Moreover, Dimitri Kumsishvili also made focus on memorandum signed with Shanghai major corporation CEFC. Under the memorandum, Chinese bank with a billion UD capital will open in Georgia to assist Chinese business in developing business relations with Georgia.

Moreover, CEFC will be another Chinese company, after Hualing, which will create a free industrial zone in the country, namely in Poti, Samegrelo Region.

The parties also discussed future cooperation issues, including a formation of joint innovations center and free tourism zones, Kumsishvili said.