The fact that an investor is ready to invest $6 billion in Georgia does not hinder, but rather greatly encourages and simplifies the entry of other Western investments into the country, - the Minister of Finance, Lasha Khutsishvili, said in connection with the investment of $6 billion from the United Arab Emirates in Georgia.
According to him, this encourages the attraction of investments, including in the energy and logistics sectors, which are important for the country, the region and the European Union.
"This is a very important investment in Georgia, and among them, a very large-scale one, quite large in relation to the size of the Georgian economy. I agree with the head of the International Monetary Fund mission that this is not restrictive in relation to other investments, but on the contrary, it is an incentive in attracting other investments. The fact that an investor is ready to invest 6 billion dollars in Georgia, this alone encourages attracting investments in Georgia. In practice, this decision has already been made and we are talking about starting the stage of its implementation, which has begun. It encourages, among other things, not only in this area, but especially in other areas, for example, such as energy, logistics, which is important not only nationwide, but also has a regional impact. In addition, we can freely say that for the European Union as well. It is a very important and priority direction for it, both as part of logistics, as well as part of energy security, in which Georgia has a unique place and role. Georgia, of course, will fully realize its potential. Such investments not only do not hinder the entry of other investments, but also greatly encourage and simplify the entry of other Western investments into Georgia. In principle, EMAAR is a group that has made such investments in many places. It has only a positive effect, both directly related to this investment and in terms of attracting other investors to the country. Therefore, this is very important,” said Lasha Khutsishvili.