MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

During his visit to Singapore, Deputy Minister of Economy and Sustainable Development Irakli Nadareishvili met with Beh Swan Gin, Permanent Secretary of the Ministry of Trade and Industry of Singapore. At the bilateral meeting, Irakli Nadareishvili introduced Beh Swan Gin to Georgia’s startup ecosystem and the development directions of the technology sector.

A significant part of the meeting was devoted to deepening economic cooperation between the two countries, strengthening bilateral trade and investment relations, and prospects for implementing joint large-scale projects. Particular emphasis was placed on the digital corridor project, which will lay the foundation for fast and secure data exchange between Europe and Asia. It was noted that Georgia’s strategic geographical location and the development of modern digital infrastructure provide the country with a unique opportunity to establish itself as a regional digital and logistics hub.

At the meeting, attention was focused on the activities of four global accelerators operating in Georgia, the opportunities associated with Innovative Startup Status, and the country’s favorable business environment. It was noted that these conditions create attractive opportunities for regional startups to launch and expand their operations in Georgia.

The Georgian delegation also introduced their Singaporean partners to the activities of the Kutaisi Technology Hub and its role in developing technology education, innovation and digital skills.

Avtandil Kasradze, Chairman of the Georgia Innovation and Technology Agency (GITA) also attended the meeting.