Georgian Agriculture Minister discusses country’s “open investment environment” with Fadox International Assets Holding General Manager

Georgian Agriculture Minister Otar Shamugia on Wednesday met the General Manager of Dubai-based Fadox International Assets Holding, an international financial service provider company, to discuss implementation of investments in agriculture, creation of new enterprises and employment in Georgia.

Shamugia highlighted the country’s “open investment environment”, with the officials also discussing cultivation of almond orchards and creation of processing enterprises in the country’s east.

We have an open investment environment in the country, and all the conditions are met in order to make as many investments as possible. The statistics that the country has in economic growth also show this. It is important to make investments in agriculture”, the Minister said.

The state implements a number of supporting projects for the development of the sector. In the next four years, we will further increase the financing of the sector. There are all conditions for the production of almonds in Georgia, [and] farmers have planted up to 5,000 hectares of new almond orchards with the support of the state”, he added.

The Minister also highlighted “active development” of the processing sector, expressed encouragement for further investments to enhance market competitiveness, and noted the Ministry would provide “maximum support to all investors within its ability”.

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