Economy
Posted: 2 weeks ago

Khidureli: Indorama Corporation Plans to Make Significant Investments in Georgia

With the introduction of the largest Singaporean corporation to Georgia, the investment potential of our country has been demonstrated with another large-scale project, - said Mikheil Khidureli. The director of the agency of the Ministry of Economy and Sustainable Development, "Produce in Georgia", made a speach regarding the entry of one of the largest chemical production companies, Indorama Corporation, into Georgia.

"With the support of the Georgian government, this project has been completed and the said investment will be one of the largest in Georgia. In the coming years, the corporation plans to invest significant financial resources in the direction of modernization, development and expansion of production of the enterprise", said Mikheil Khidureli.

According to him, by introducing one of the leaders of world-scale chemical production to the Georgian market, the agency exceeded all the indicators outlined in the strategy.

According to Mikheil Khidureli, the company has been studying the investment climate and opportunities of Georgia for years, in which the investment team of the "Produce in Georgia" agency was actively involved.

The Singaporean company, which has more than 160 enterprises in 38 countries of the world and employs more than 45,000 people, has acquired the Rustavi nitrogen fertilizers enterprise.