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Home / Economy / Negotiations Underway for Manufacturing Solar Panels in Kutaisi Free Industrial Zone

Negotiations Underway for Manufacturing Solar Panels in Kutaisi Free Industrial Zone

Negotiations are underway for manufacturing solar panels at Kutaisi Free Industrial Zone (FIZ).

The FIZ director Soso Nibladze told BusinessContract that businessmen from United Arab Emirates (UAE) are interested in manufacturing solar panels of a German brand in Kutaisi. Investment volume is 12 million USD. Products will be exported to foreign markets mainly.

“The year of 2016 was quite successful for Kutaisi FIZ. More than 35 companies were registered in the FIZ, including processing and industrial companies, commerce facilities. Several plants have already started operation. Construction of spirits distillery will be finished soon. Glass enterprise will launch operation in two months. Egyptian company manufactures filters for trucks for both domestic and exports markets”, Nibnladze said.