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Asian Infrastructure Investment Bank to Launch Projects in Georgia

Georgia will be one of the first countries where the Asian Infrastructure Investment Bank  (AIIB) to launch its projects-  AIIB  President announced after meeting with Georgia’s  Prime Minister Irakli Gharibashvili.

According to him, he twice visited Georgia which has recently made significant progress. AIIB shows interest in the transport, traffic and energy sectors.

During his visit to China, the head of the Georgian government met with the President of the Asian Infrastructure Investment Bank . The sides discussed the prospects of future cooperation. Prime Minister focused on favorable climate for the business in Georgia, the country’s strategic geographical position and the free trade agreement with the EU.

It was noted that there  are a lot of areas in economy  that are of interest of  Chinese companies. Particularly transport (railways, ports), energy (renewable energy, hydropower), industry, tourism, health, agriculture and other sectors are interesting for investors.

Georgia is founding member of the Asian Infrastructure Investment Bank which signed pre-agreement on 29 June 2015 in Beijing. Georgia is the 45th country joined  the bank, and the first country which ratified  the bank’s prior agreement.

Most likely, the bank will start functioning by the end of 2015. A membership in the Asian Infrastructure Investment Bank will  help Georgia to  attract  preferential financial resources for  infrastructure projects implementation.