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Mikheil Janelidze

Georgia Looks to Attract US Business: Atlantic Council

Atlantic Council publishes an interview with Georgian Minister Mikheil Janelidze, highlighting his quote: “Deep-sea port contract for US firm, economic development plan could encourage other US companies”.

Writer Ashish Kumar Sen writes that Georgian minister is hopeful that his government’s decision to award a multibillion dollar contract to a US-based company and a new economic development plan will attract more US firms to Georgia.

In February, a US-Georgian consortium was awarded a $2.5 billion contract to build and develop a deep-sea port in Anaklia on Georgia’s Black Sea coast. The Anaklia Development Consortium is a joint venture of Georgia’s TBC Holding LLC and Conti International LLC, a US-based provider of infrastructure construction services.

The Foreign Minister also said that the Iran nuclear deal, which lifts sanctions on Iran in exchange for the Islamic Republic curbing its nuclear ambitions, has created “real opportunities” for economic cooperation. “Georgia is ready to serve as a transit for the Iranian and European trade, and is also looking forward to further opportunities for economic cooperation,” he said.