Home / Economy / Renewed Kutaisi Free Zone Holding GIH: Unique Opportunity for Investors

Renewed Kutaisi Free Zone Holding GIH: Unique Opportunity for Investors

Recently, in October, with the support of Georgian Embassy in Ukraine, in particular Georgian Ambassador Gela Dumbadze and in partnership with Produce in Georgia (Ministry of Economy of Georgia), a presentation of the renewed Kutaisi free zone holding GIH was held in Kiev.

Mikheil Didebulidze, the deputy CEO of GIH, presented new administration structure of the holding. He spoke about new opportunities, advantages, conditions and packages of services that Kutaisi free zone can provide to companies. He explained that holding is focused on attracting international tenant companies that operate in different areas of business to carry out their export-oriented business activities in the tax-free zone.

About the economic situation and the favorable investment climate in Georgia talked Tornike Sulaberidze, the deputy CEO of “Produce in Georgia”.  His speech emphasized why it is profitable to invest in Georgia.

In addition to that both speakers discussed the unique opportunity for the investors to use not only Kutaisi Free Zone’s benefits (such as competitive infrastructure and rental condition) but also the support of the state project “Produce in Georgia” (in particular, in particular, covering up to 10% of the bank loan for the first 2 years and providing a bank guarantee up to 50 %).

The presentation was attended by ambassadors from different countries, representatives of the Ukrainian Chamber of Commerce and Industry, banking, investment and IT sectors, law firms.

As a result, contact was established with the Ukrainian target group and it was planned a return visit for representatives of various companies directly in the free zone of Kutaisi (GIH).