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DP World evaluates Georgia investment

DUBAI: April 13, 2016. DP World chairman and CEO Sultan Ahmed Bin Sulayem and Georgian prime minister Giorgi Kvirikashvili have agreed to evaluate constructing a marine terminal, inland terminal, logistics park or economic zone in Georgia.

DP World and Georgia PMThe meeting followed Kvirikashvili’s address to the annual Global Leaders Debate in Dubai where he reiterated his country’s commitment to a transparent business environment and the continuation of the Deep and Comprehensive Free Trade Agreement signed with the EU in 2014.

The prime minister (right of picture) said an 80 percent increase to US$1.75 billion of foreign direct investment in Georgia in 2014 was due to a business-friendly attitude: “The most important reason for this upward trend is the country’s business-friendly policies, our constant campaign to reform government services and strong foreign trade relations based on Georgia’s strategic location,” he declared.

Last year trade between Dubai and Georgia totaled AED376 million in 2015 with imports of AED25 million, exports of AED35 million and re-exports of AED315 million.

Commenting on the meeting Bin Sulayem said: “Georgia presents a promising business environment where trade can play an ever greater role in developing the country’s manufacturing base, while encouraging growth of the state’s extensive logistics, distribution and warehousing potential.

"Georgia is also well placed to facilitate trade between Aktau port in Kazakhstan along the New Silk Way, providing access to the Black Sea,” he added.

DP World also advises the Kazakhstan government on developing the country's Khorgos Special Economic Zone and Inland Container Depot, as well as the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea.

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