$600 ml investment can be implemented in industrial zone of Poti

Published in Economics
Wednesday, 12 October 2016 14:05

600 ml dollars investment can be implemented in industrial zone of Poti. According to the First-Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia, this is an answer of reports about instead of Arabian company Rakia-Georgia the state will control this industrial zone.
As Dimitri Kumsishvili said, Georgia has best relations with Rakia Georgia Company. “This is a group which has most important actives in Georgia today. For example: Hotel Sheratoni, Tbilisi Mall and others,”-Dimitri Kumsishvili said.

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  • HAS THE GEORGIAN GOVERNMENT REVEALED ITS TRUE INTENTIONS REGARDING ANAKLIA PORT?

    Government Actions and Words Appear to Show Its Support for Poti at the Expense of Anaklia and Raise Questions About Whether it has been Misleading Georgian Public as well as International Communities

    TBILISI, GEORGIA, 27 October, 2020 – Recent actions and comments by the Georgian Government appear to have exposed its true intentions to promote Poti and to turn its back on Anaklia as the location of a future world-class seaport.  In the process, the Government has damaged its reputation in the global investment community by misleading investors and diplomats who were led to believe that the Government is still committed to a project at Anaklia.  By every measure, it appears the Government has no interest in such a project at Anaklia.

    Government Puts Its Support Behind Poti at the Expense of Anaklia

    As reported in the media on 18 October, Georgian Prime Minister Giorgi Gakharia said at a political event sponsored by Georgian Dream, "We have to agree and be honest with each other that there are many problems in Poti, but nevertheless, I want to tell you that the next 4 years will be the years of Poti reconstruction, specifically the years of Poti reconstruction. Because that is what necessary not only for Poti but the entire country.[1]

    Separately, Davit Ebralidze, Chief Executive Officer of Poti Free Industrial Zone (FIZ) said in an interview with Georgia Today “Initially when thinking about location of new FIZ, the most significant location was chosen strategically, not only in Georgia but in the Black Sea and Caucasus Region. Poti FIZ is located in the centre of the Silk Road and international transport and logistics corridors. Its location is one of the distinctive advantages over other free industrial zones in the country…  The Poti Free Industrial Zone is one of the most strategic and successful companies within Smart Capital Group.”[2]  

    Taken together, these comments suggest that the Government are now committing themselves to Poti as the future home of the long-anticipated deepwater seaport, contradicting prior statements from the Government.

    The 23 October announcement by APM Terminals Poti (APMT) and Poti New Terminals Corporation (PNTC) that they have signed an agreement for the joint development of a new bulk cargo facility on the northern side of the Poti Sea Port reinforces the belief that the Government has been telling two conflicting stories: One that it is still committed to Anaklia; the second that it is focused solely in Poti.  PNTC’s website suggests their intent is to see “a new deep-water harbor (greenfield) for dry bulk and container handling north to the existing Poti Port.”[3]  In other words, an alternative to Anaklia.

    The interests of Georgian Dream Supporters Intersect with those of Poti FIZ

    Based on public records, there appears to be close financial interests between Poti FIZ and high-level people connected to Georgian Dream:

     

    • Poti Free Industrial Zone is managed by Euro-Asian Management Group, which is jointly owned by a subsidiary of the Chinese company CEFC and Eurasian Invest LLC. 
    • Both David Ebralidze and Ivane Chkhartishvili are on the Supervisory Board of Eurasian Invest, which itself is owned by two companies registered in the British Virgin Islands, where laws make it difficult to track who owns them.
    • Davit Ebralidze was previously Head of Administration for Georgian Co-Investment Fund, a fund set up by Georgian Dream leader and former Prime Minister Bidzina Ivanishvili to manage some of his personal investments.
    • Chkhartishvili is also co-chairman of Euro-Asian Management Group and owns Smart Capital Group which, as noted above, is involved with Poti FIZ.[4]  Chkhartishvili “has been connected to several corruption cases” according to Democracy and Freedom Watch[5]
    • George Bachiashvili, who served on the board of directors of Eurasian Invest and appears to be the sole director of one of the BVI companies behind Eurasian Invest. He previously served as CEO of Georgian Co-Investment Fund and has long been connected to Bidzina Ivanishvili as a financial advisor.

     

    Government Admits That Anaklia is Unlikely

    As further evidence that the Government has no interest in seeing a port developed at Anaklia, it included language in its proposed 2021 budget that would be certain to scare away any potential investors.  On pages 517-518 of the proposed budget is the following passage regarding the intended new tender for an Anaklia Port Project:  “Potential risks – as it currently stands, due to the potential arbitration dispute, an investor of high reputation and experience may not be selected. Also, other unforeseen circumstances.”[6]

    Government Abandons Anaklia Site and Creates Health and Environmental Risks

    The Government has also abandoned the site of the proposed Anaklia project after it unlawfully seized the land from ADC in February 2020.  While ADC had invested considerable resources to begin site preparation work, including clearing 110-hectare area where soil was removed and cleared of waste, the Government’s failure to maintain the site has led to significant and chronic circulation of dust and particulate emissions, causing damage to the environment as well as threatening nearby residents with potentially serious respiratory health problems. 

    ADC had advised the Government of the need and means to mitigate these risks.  However, the Government has ignored this, causing problems for the people of the region and signaling its lack of any further interest in the site.

    Statement from Anaklia Development Consortium

    “The current Government has misled the people of Georgia and the international community about its intentions for Anaklia port. Since unlawfully terminating the investment agreement with ADC in January 2020, Government ministers have said multiple times that the Government will issue a new tender for a port project at Anaklia. Based on its actions, however, it seems the  Government has chosen to promote Poti and the related Free Industrial Zone, at the expense of the Anaklia Port. 

    “Most troubling is the Government’s duplicity, which will only serve to discourage foreign investors who feel they cannot trust the Government, and Georgian citizens who fear that the scourge of corruption will once again tarnish Georgia’s reputation and undermine their trust in the Government.  One has to question whether the Government is acting in the best interests of the people of Georgia.  Regardless of its motives, however, it certainly appears the Government is not being honest about its intentions with Anaklia.”

    Why Poti Cannot be an Adequate Alternative to Anaklia

    The Government’s initial decision to develop Anaklia was taken in 2013 after the Government hired a consortium of international consultants to compare and contrast the options in Georgia for a deep sea port. Anaklia was chosen because it held a number of advantages over every other location in Georgia, including the geo-technical conditions of the site, its financial feasibility and most importantly, the significant economic, social and geopolitical impact the project would have both on the Abkhazia region and the wider country.

    The consultants’ report clearly outlined that the existing ports in Georgia (including Poti) are limited in their capacities and hinterland connections, and any expansion would have only short-term impact for the national maritime sector. The consultants advised the Government of Georgia to consider the development of the greenfield and large-scale deep sea port at Anaklia to ensure long term advantages for the country and phased capacity developments to serve Georgia’s needs in long-term perspective.

    The existing port in Poti has numerous disadvantages and is not suitable for expansion, and the proposed new site at Poti is equally flawed, as explained by ADC.[7]

    Further details of the Anaklia Port project and ADC can be found at http://anakliadevelopment.com



    [1] http://newsreport.ge/შემდგომი-4-წელი-იქნება-კონ/?fbclid=IwAR1AtLz_0LUPH6-rpI6mL3jDqulgERnq9WyNFyosCQYlUZalo0uIqyrsHQ0

    [2] http://georgiatoday.ge/news/22687/Poti-FIZ-CEO-on-the-Benefits-of-World-Free-Zone-Organization-Membership

    [3] https://pntc.ge

    [4] http://smartcapital.ge

    [6] The full set of documents submitted by the Government to the Parliament of Georgia together with the draft Law on 2021 State Budget are available at:

    http://parliament.ge/ge/ajax/downloadFile/142460/07-2.525_ბიუჯეტი_2021

    [7] http://anakliadevelopment.com/news/port-of-poti-is-an-inadequate-substitute-for-anaklia-deep-sea-port/

  • Georgian construction company Prime Concrete starts building a new Pace Terminal Project in Poti

    Georgian construction company Prime Concrete starts building a new Pace Terminal Project in Poti co-financed by the U.S. Overseas Private Investment Corporation (OPIC).

    October 10, 2019. Poti. The Georgian construction company Prime Concrete has been commissioned to build a new Pace Terminal Project in Poti with a total value of construction work of US$ 20 million. The project is co-financed by the U.S. Overseas Private Investment Corporation (OPIC). An official ceremony to mark the beginning of construction was held in Poti on October 1, 2019 and was attended by the Deputy Prime Minister of Georgia Maia Tskitishvili, the Minister of Economy of Georgia Natia Turnava, the Managing Director of OPIC Kenneth Angel, the Pace Terminal’s Director David Nadirashvili and the Founder of Prime Concrete Alexander Sokolowsky. Other high-ranking members of the Georgian government and parliament as well as diplomats and foreign guests were also present.

    For a Georgian company to build such an important terminal is a unique opportunity. Prime Concrete managed to successfully qualify for the tender in a highly competitive process with dozens of international contractors. Its competitive advantages lay in its distinctive means and capabilities, its experience and know-how, and its truly local presence. Prime Concrete also partnered with the Dutch companies Royal HaskoningDHV, which developed the most efficient design for berth and pier construction, and Vanthek, a leading international piling contractor.

    Prime Concrete is a well-established Georgian construction company that has successfully implemented numerous large-scale projects, acquiring exceptional competence and invaluable expertise in the fields of port, water, road and other civil and industrial infrastructure projects. Its portfolio includes maritime projects such as the rehabilitation of berth no. 7 and the construction of an inland container terminal in Poti; public works such as wastewater treatment plants in Anaklia, Ureki, Zugdidi and Gardabani; extending Tbilisi’s 2nd metro line (to University Station); and building and rehabilitating several municipal roads in western Georgia (Samegrelo).

    Prime Concrete CEO Alexander Sokolowsky underlined the importance of the Georgian company winning the tender: “We are extremely glad to engage in the construction of this strategic facility. It is an exceptional occasion when a Georgian company under an EPC contract takes full responsibility for the construction of such a complex and large-scale project. We use local capabilities, bring our decades-long experience and expertise, hire local workers, and use local construction materials, which is beneficial for local communities and the entire country. We will make sure with our partners from Pace Group, Royal HaskoningDHV and Vanthek, that the new terminal is built in a high-quality, safe and environmentally friendly manner, increasing Georgia’s transit capabilities to new high levels.”

    The new terminal will occupy 25 hectares of the New Port Zone in Poti’s former shipyard. The total length of the berthing facilities will be 650 meters, with a water depth of 12 m. This will be the first modern facility in Georgia to handle deep-water vessels by 2020. The total cargo turnover of the terminal will be 5 million tons. The total project cost is US$ 93 million, of which US$ 50 million will be allocated by OPIC and the remaining US$ 43 million by Pace Group as an equity contribution. This is OPIC’s single biggest engagement in Georgia. The terminal will increase the country’s strategic importance as a hub between East and West and as an integral part of the Belt and Road Initiative. OPIC’s decision to finance the project is also a form of recognition from the U.S. and other international stakeholders of the terminal’s significance for Georgia and the wider region.

  • 5 сезон International Congress of Real Estate and Investment 04-05.10.2019 Munich GERMANY

    Основные блоки презентаций участников конгресса:

    политика и открытые межгосударственные диалоги

    зарубежная недвижимость из 27 стран, жилая и коммерческая недвижимость,

    золото и золотые активы,

    ПМЖ и второе гражданство, банки и кредитования в Германии и Европейских фондах,

    IT технологии и инвестиции в перспективные стартапы, ICO и венчурные инвестиции

    криптовалюты-блокчейн, акции и облигации национальных компаний,

    киноиндустрия и антиквариат, вертолётный и яхтенный бизнес,

    Октоберфест, мода и дорогая одежда, предметы роскоши.

    Участники конгресса — инвесторы из 29 стран и продавцы предложений для инвестора из 40 стран.

     

     Пресс-конференция

    Конгрессмены получат возможность дать интервью на пресс-конференции с мировыми медиа, среди которых ABC, CBS, NBC, The Los Angeles Journal, Yahoo Finance, The New York Journal, Digital Journal, Singapore Roundup, The American Reporter.

     CONGRESS AWARDS

    Конгресс совместно с Кристианом Гроссе лидером «OPEN INTERNATIONAL DIALOGUE» выступают за открытый политический диалог. В рамках проекта предусмотрено награждение выдающихся политиков и представителей государства за внесение особого вклада в развитие двусторонних межгосударственных отношений по мнению The New York Journal & The American Reporter.

     Среди почетных и награждаемых гостей:

     Посол Республики Азербайджан в Германии – Рамин Гасанов, (Азербайджан)

    Посол Республики Кыргызстан в Германии Еринеш Оторбаев, (Киргизия)

    Посол Грузии в Германии – Элгуджа Хокришвили, (Грузия)

    Посол Армении в Германии – Ашот Смбатян, (Армения)

    Посол Словении в Германии – Фрэнк Бут, (Словения)

    Посол Республики Казахстан в Германии – Даурен Карипов, (Казахстан)

    Посол Государства Катар в Германии – Его Превосходительство шейх Сауд бин

    Абдулрахман Аль Тани, (Катар)

    Временный поверенный в делах Афганистана в Германии – Абдул Арияи (Афганистан)

     Презентация от Вадима Ромашова и Оскара Ягафарова «START UP SHOW ONLINE EXPO» и знакомство с инвесторами сегмента Start UP. Стартапы смогут выступить перед представителями компаний ЭР-Телеком, Сибур-Химпром, Уралхим, Уралкалий и др. Три лучших стартапа разделят грант 100 000 $ от Online Expo. Приветствие от Гульшат Узенбаевой члена экономической палаты Княжества Монако, монегаской компании LUXPRO, соавтора книги «Global Citizen». Ее проект «Gala Russe» в Монако посетили Королевское Высочество - Каролина, принцесса Монакская и Ганноверская. Гульшат поделится опытом организации мероприятий в Швейцарии, Великобритании, Монако, России, ОАЭ и в Европе.

     Презентация Hr. Bronstein по темам: «Недвижимость, вид на жительство и открытие бизнеса в Германии». Маркетинговые конструкторы медиа-холдинга «Bem Media» (Германия) c его владельцем Александром Бем. Знакомство конгрессменов с группой компаний Stankevicius Group (Финляндия) — в лице Паулюс Станкевичус — ведущий поставщик услуг для компаний из списка Fortune 500. Штаб-квартиры компании в Дубае, ОАЭ в Гонконге, Хельсинки. Группа Компаний Алегрия (Испания) — Как сохранить и приумножить капитал через вложения в доходную недвижимость в Испании. Круглый стол с участием: Рената Мансурова — Заместителя Председателя комитета по цифровой экономике «Деловой России», Члена Экспертного совета по политике Молодежного парламента ФС РФ, Эксперта MBA; Артура Мурадян — Основателя инвестиционного сообщества Санкт-Петербурга «Финдиктат», активы: недвижимость, золото, акции, аренда автомобилей. Его клиенты: - Black Star Inc. Тимати; - Холдинг Ginza Project; - Клуб «Трансформатор» Дмитрия Портнягина; - Университет «Синергия».

     

     Презентация Яны Крухмалевой, «ПАО Газпром» Россия, тема: «Внедрение цифровых систем «ПАО Газпром», кибербезопасности, искусственный интеллект»; Dr. Андрей Курч, Президент Международной инвестиционно-консалтинговой группы «AG.CAPITAL» тема: «Дикие знания — новый тренд развития бизнеса»; Алисии Боске, «Boske Capital Group»: бизнес-стол по управлению активами, -8 приемов по увеличению продаж; -21 практик к успешным сделкам. Вахтанг Пипия — Вице-премьер, член Правительства Республики Абхазии «Абхазия - налоговый Рай». Андрей Копыток — Заместитель председателя Высшего Координационного Совета Республиканской конфедерации Республики Беларусь, тема: «Развитие предпринимательства и меценатства в Беларуси». Инвестиционная компания «GoltCapital» и ее Спикеры: Андрей Голт и Татьяна Баслова. Цырендоржиева Мэдэгма представитель Министерства Промышленности и Торговли Республики Бурятия (Россия). «Инвестиции в Бизнес проекты России с доходностью от 15% + Спецпроект с Байкала (Бурятия)».

     Выступление от Мухамадьярова Вадима, «ANS Engineering», тема: «ANS Group – умный дом». Экспертное мнение Делового клуба «Торатау» в лице Алексея Крутилина Республики Башкортостан при президенте РФ – Суммарный годовой оборот 50 000 000 €. «25 креативных идей на Миллион» от Hr. Bermuda. Розыгрыш и подарки для конгрессменов. Закрытый дискуссионный подиум «Medical Centre Trivaks» (Германия) с Ириной Тривакс: «Сегодня необходимо совершенствовать биологический код здоровых людей». Yuval Noah Harari, Israel Инвестиции на генетическом уровне. Презентации от Александра Тетюхина «Solbisco» альтернативная энергетика (Испания) «Пример масштабирования бездотационных станций в Испании по Европейским городам». Презентации от Евгении Бовкун, «ТопЛайн» – высший пилотаж в минимизации юридических рисков. Открытие сезона «Дом на воде» с комфортом искусственного интеллекта Группа компаний «First Float group» в лице Дубинкина Дмитрия расскажет о преимуществах и доходности вложений. Компания «iTrade» в лице Алексея Мущинина расскажет о торговле на финансовых рынках – для инвестора или для клиента с доходностью от 60% годовых без рисков. Презентация от маркетингового агентства для конгрессменов «LTC Media Verlag». Отдельная благодарность эксклюзивному закрытому консьерж клубу «BSI LIFESTYLE» за поддержку в размещении и организации досуга наших ВИП делегатов. 20 лет доверия от 100 успешных и богатейших людей мира. Выступление Ирины Волынец, кандидата на Президентских Выборах РФ 2018, председатель Национального родительского комитета РФ, с инициативой к Баварскому Правительству о реализации проекта Немецко-Российской взаимопомощи детям. Выступление Александра Баева, уполномоченного по внешним связям Гильдии цифровой экономики и блокчейн-технологий, Союз «Московская торгово-промышленная палата».

     Для любителей инвестиций в живопись пройдет выставка 3D картин арт-художницы Баварии Tatiana Shraiber, Господина Фунтикова – художника, Ваха Бештоев – один из 10 лучших художников России, по версии министерства культуры России. В рамках мероприятия несколько картин будет предоставлено на аукцион Благотворительного Фонда Дмитрия Нагиева.

     STREET Models SHOW — Gala Party покажет 50 красоток в проекте «TOP Beauty International & Prade Event Group». На подиум выйдут девушки, прошедшие отбор из 300 участниц. От Дизайнеров Сабины Зулаловой и Александры Азимы Рейнгардт — подарки платья и короны ручной работы. «Бронницкий Ювелир» приготовил более 50 подарков для участниц. Коллекция Ambassador PACO RABANNE & VERONIKA JENAVIE с ее подарками для участниц и личным автографом PACO RABANNE. Воздушные платья от кутюр «RUSTINA» с концептуальной коллекцией «FAIRYTAIL». Дебют 2019-2020 MIRACLE с подарками для Конгрессменов. Награды от Нины Ручкиной — российского модельера «Русские в моде», топ-100 женщин РФ. «RAYMOND’S INTERNATIONAL» — наградит конгрессменов. Ama Gems — бренд украшения с натуральными камнями. Дефиле и награды от дома моды «Dascha Verona».

     Бутик «Fashion Code» подарит конкурсанткам коллекции российских дизайнеров. Дом «Disali» предоставит колье с бриллиантами, подарки-сувениры. Почетные награды от дома «Magic Amber Baltic Quality Assurance» ожерелье из янтаря, колье, косметика с янтарной пудрой. FASHION SHOW от Event Group World Kids Fashion. Благотворительный показ детской и взрослой моды: Anna Ramakaeva, Sarafan Moscow, Voronova dress, Dasha Verona. Дефиле линейки бренда детских шубы от «Mardi Gras».

     Мебель и интерьер в Нимфенбургском дворце предоставлены SF design Interiors, студия авторского интерьера и индивидуальной разработки мебели и швейцарской компанией «bxl», уличные кресла и столы изготовлены из натурального дерева с уникальной системой крепления click-clack.

     Впервые в истории конгресса и в эпоху возрождения благотворительности в современном мире будет проведен АУКЦИОН «Благодать» от Благотворительного фонда Дмитрия Нагиева. Прошлые проекты поддержали: Иосиф Давыдович Кобзон, Эмин Агаларов, Евгений Петросян, Анастасия Заворотнюк, Дмитрий Хрусталев, Валдис Пельш, Thomas Nevergreen. Куратор аукциона — Дмитрий Нагиев.

     Oktoberfest FestZelt Tradition, включающий в себя фуршеты и дегустацию элитных напитков. PRESS TOUR Презентации компаний-партнеров на неформальных дискуссиях VIP ложи палатки «FestZelt Tradition».

     Справка: Международный Конгресс недвижимости и инвестиций проходит ежегодно

  • Foreign Real Estate and Investments Berlin Congress decided to break the stereotypes of the usual and go beyond the traditional conferences!

    The organizers of Foreign Real Estate and Investments Berlin Congress decided to break the stereotypes of the usual and go beyond the traditional conferences!

    The event that is awesome for its revolutionary and innovative format will be held on 18 February, 2019 in the German capital for the first time − Foreign Real Estate and Investment Berlin Congress. According to the organizer and representative of the Congress in Russia Natalia Pastukhova, it is unique not only because:

    ü  will be held in an unusual place - Berlin Capital Club (an exclusive business "millionaire club" located in the Gendarmenmarkt square where only those who are lucky enough to get a membership card: influential investors, businessmen and politicians who come to the club to enjoy a cigar , relax, playing golf or in order to conduct  business negotiations in a sophisticated atmosphere);

    ü  each congress participant can become a guest of the Berlin Capital Club;

    ü  The congress venue is totally new - the capital of Germany. And this is important because Berlin and, in general, the other northern cities of Germany are extremely attractive for investors, because the pricing policy for investment here is very flexible, and the yield is high,

    but also by a bold, creative format that combines a business forum and networking, a press conference and a gala concert, participation in a golf tournament and a property tour of the surrounding area.

    The International Congress of Real Estate and Investments has been held annually since 2016. It took place most recently on 7 October, 2018, in Munich and gathered 440 participants from 19 countries of the world. According to the results, 79 publications were published in the media around the world. More than thousand guests attended the 2018 Munich Congress, and current topics that were discussed during the event, attracted the attention of many media outlets − 83 world media attended the briefing, which was held in the largest press club in Bavaria. 

    The Congress is held with the active support of the world investment leaders - Saulius Karosas (oil trader, guest of honor and sponsor of the Congress), Sergei Baburin (Russian politician and businessman), Valerii Tsepkalo (Belarusian statesman, founder of “Silicon Valley”, Stankevicius MGM and its head Paulius Stankevicius, a leader in PR and advertising. (The firm advises Fortune 500 companies and international small and medium enterprises. Stankevicius MGM has provided successful PR campaigns for companies that have entered the ICO and as a result it attracted more than 300 million dollars for blockchain projects). World investment experts will speak on this day about the main problems, trends and prospects for the development of international business, profitable investments, the possibility of obtaining a second citizenship and a residence permit, economic investments also.

    The organizers of the upcoming International Real Estate Congress and Investments in Berlin decided to set themselves important tasks this year:

    to help every businessman, every investor, every person who plans to develop a new territory, who plans to conclude a deal in a particular country, but faces to difficulties for various reasons;

    to remove all bans, eliminate all causes that prevent  the successful result of the transaction;

    to bring everything to the fact that the whole process will be easy from the beginning to the final stage, will be transparent and clear: in the participants' native language. "To feel like home on any continent".

    Everyone will be able to find a solution to their problems on 18 February, 2019 at Berlin Capital Club: investors will have a unique opportunity to compare the profitability of various investments − in real estate and cryptocurrency, securities and precious metals, antiques and the film industry and all this is on the same time and place. For companies with high development potential that require investment −  to present their product and find their consumer or investor.

    The mix of official and behind-the-scenes communication will allow participants and guests of the Congress to gain maximum benefits, and tasting exclusive drinks from the world's best sommeliers, a buffet from Michelin-starred chefs, participation in a golf tournament and the opportunity to enjoy elite cigars in the refined atmosphere of the main business club of the German capital, will help to make many new contacts.

    Berlin Real Estate and Investment Congress will be held on 18 February, 2019 in Berlin Capital Club am Gendarmen Markt, Mohrenstraße 30, Berlin

    Detailed information by phone:

    in the Russian Federation +7 985 927 77 00

    in Germany +49 162 232 8 333

  • Silk Road Forum should lead increasing our country’s transit potential – Vice PM Dimitri Kumsishvili

    The Silk Road Forum benefit should reveal in increasing our country’s transit potential, - Georgia’s Vice PM Dimitri Kumsishvil has declared at Tbilisi before the forum begins. 

    According to him, Tbilisi hosts the second Silk Road forum with 2000 delegates and visitors from 60 countries. 

    ‘We have delegates of very high level. Prime ministers from two countries are here as well as vice PMs and ministers from different countries. Generally, the forum essence and benefit should reveal in leading to encourage our country’s transit potential as well as the investments Georgia is implementing in basic infrastructure. The investments made by the private sector and other significant infrastructure should also be beneficial that will result in creation of new jobs and inclusive development of economy,’ Kumsishvili has remarked. 

    In response to a question whether the Silk Road can replace the Karsi-Akhalkalaki railway, Kumsishvili said that the railway represents continuation of the Silk Road being one of the branch of it. According to him this is the way connecting Azerbaijan, Georgia and Turkey and in turn, it will be the possibility that will increase our hub capacity by 15 million tons in total. 

    In response to a question over revealed benefits of the Silk Road first forum, Dimitri Kumsishvil said that a lot has happened for two years. 

    ‘In March 2015 Georgia and China signed an agreement on the Silk Road development and in November 2015 we hosted the first Silk Road forum in Tbilisi. Afterwards, we completed the trade agreement on free trade with China… As a result, cargos turnover increased, as well as the railway turnover today we enjoy from the Asian countries including China. We are very proud of it saying all this confirms that the shortest road is on Georgia and this is reality today… Currently we know that it takes only 9-12 days for shipment to Europe via our hub from China. So, the wishes and opinions expressed in 2015 is now reality,’ Kumsishvili has remarked. 

    According to him a set of important agreements are planned to be signed today. 

    Tbilisi Silk Road Forum is opening today. 

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