Natia Turnava: UAE investment funds express readiness to invest in Georgia’s energy, logistics and tourism sectors

Natia Turnava, Minister of Economy and Sustainable Development, within the working visit to the United Arab Emirates, held high-level meetings with the counterparts - Minister of Energy and Infrastructure of the United Arab Emirates, H.E. Suhail Mohamed Al Mazrouei, Minister of Tolerance Nahyan bin Mubarak Al Nahyan, Director General of the Abu Dhabi Fund for Development Excellency Mohammed Saif Al-Suwaidi, and Chairman and Managing Director of Lulu Group International, Yusuf Ali.

During the meetings, the sides discussed cooperation between the two countries in the fields of trade, economy, real estate, energy, investment and tourism. It was especially emphasized that Georgia attaches great importance to the development of the relations with the United Arab Emirates and there is great potential in this regard.

According to Natia Turnava, the FDI and diversification of their geography are important for the recovery of the economy in the post-Covid period.

“That is why we visited the United Arab Emirates, which is our traditional investor partner. Over the years, local investors have invested over 100 billion in Georgia. However, there is an opportunity to further expand the projects of UAE investors and their investments in Georgia. During the visit, in addition to my colleagues, I also met with the largest investment funds, which express readiness to enter Georgia, expand and invest in the development of energy, logistics, tourism. These are areas that are important for our economy, for the employment of our citizens and are also very important for foreign investors,” – Natia Turnava commented.

Ministry of Economy and Sustainable Development of Georgia. 2021 ©