Levan Davitashvili discussed the possibility of implementing large investment projects in Georgia with the founder of the Emaar Properties corporation
The First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development, Levan Davitashvili, discussed with the founder of Emaar Properties Corporation, Muhammad Ali Rashed Alabbar, the issues of the corporation's entry into the Georgian market and the possibility of implementing large investment projects.
According to the Ministry of Economy and Sustainable Development, the meeting was held within the framework of Levan Davitashvili's visit to the United Arab Emirates, Deputy Ministers Mariam Kvrivishvili and Genadi Arveladze also participated in it.
According to the information, the current trends of the Georgian economy and future development prospects were discussed at the meeting, the members of the Georgian delegation also drew attention to the liberal tax system and attractive investment environment. During the meeting, the parties also discussed the possibility of the Emaar Properties corporation entering the Georgian market and implementing large investment projects.
It should be noted that Emaar Properties is a multinational real estate development company that operates in many countries of Asia, Europe and North America and owns billions of assets worldwide, and Muhammad Ali Rashed Alabbar is the owner of the tallest building in the world - Burj Khalifa. As noted by the First Vice Prime Minister of Georgia, the entry of such a large corporation as Emaar Properties into Georgia will give an additional incentive to increase the awareness of our country, trust in Georgia not only in the Emirates, but also in the Gulf and other countries.
"For us, the entry of a company of a similar rank into Georgia, which will make a large investment within the framework of a single project in many areas of the economy, is a priority for us. This will have a positive impact on the economy of Georgia, the creation of new jobs and new directions," said Levan Davitashvili.
According to the agency, the founder of the Emaar Properties corporation emphasized that Georgia remains one of the most interesting and advanced destinations for investment, including trade, tourism and aviation. According to Muhammad Ali Rashed Alabbar, this kind of cooperation will promote the relations between the two countries, as well as strengthen the trade-economic and investment cooperation.
