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KAZAKHSTAN TO INVEST SEVERAL MILLIONS IN GEORGIA IN NEAR FUTURE

Kazakhstan intends to make great investment  in near future.

Georgian Prime minister, Irakli Gharibashvili met with the Kazakh delegation in Astana, November 12th.

During the meeting with Kazakh collegues such topics as the development of Batumi sea port, development of trasport corridor and KazTransGas-Tbilisi company’s activities in Georgia were discussed.

As it was mentioned at the meeting, the sides are interested to restore the ties on the private sector level, develop tourism, popularize the agricultural products and deepen the cooperation in the sphere of science, education, information science, culture and sport.

The conversation also referred to the deepening bilateral economic relations and the activities of the intergovernmental commission of Georgia-Kazakhstan trade and economic cooperation.

Kazakhstan is a friend of Georgia and traditionally, it is one of the most important partners, which is proved by today’s meetings once again. We attach a great importance to activation of cooperation between the various agencies of the countries-said Irakli Gharibashvili

The main area of interest was a commission of Baku-Tbilisi-Karsi railway, which will enable Kazakh and Georgian products to be transported to Europe via Kaspi sea.

The head of the Government of Kazakhstan called the meeting with the Prime Minister of Georgia as important. Karim Massimov is sure that Irakli Garibashvili’s visit in Astana will move Georgia-Kazakhstan cooperation to a new level of a strategic partnership.

The meetings were also concentrated on numerous potential investment projectts.

Currently, Kazakh investors carried out a few large projects in Georgia. Such as a five-star hotel and welness center, total cost of which constituted 38.5 USD.

In addition, Batumi Industrial Holdings founded by KazTransOil also operates in Georgia. The company manages the Batumi oil terminal and sea port.

Kazakh capital represented a great portion on the Georgian financial market in Halik bank and BTA bank last year.

After the meeting it  also became known that the Kazakh side will gain back the management of KaztransGas-Tbilisi.

At this stage up to 90 companies operate in Georgia,  It should be noted that large Kazakh companies such as KazMunaiGas, BTA Bank, Halik Bank, Rompetrol and many others  are already operating in Georgia.Often These companies don’t enter any markets, and Georgia is one of the few countries where they have decided to work.