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Kazakh Businessmen to Meet Potential Partners in Georgia

Published: October 18, 2011 | 11:05 am
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The COMMERCIAL TIMES

Kazakhstan actively continues to further deepen relationships with Georgia. In the frame of a Georgian-Kazakh business forum over 30 Kazakh companies are given an opportunity to get better acknowledged with the local market.

Georgian-Kazakh business forum, organized by Georgian Chamber of Commerce and Industry (GCC), Georgian National Investment Agency (GNIA) and Georgian Employers’ Association (GEA), is held in Tbilisi on October 17-20. Kazakh delegation is visiting Georgia to find partners in different fields: export, construction, food, etc. As for Georgia, the country has a big potential in hydro resources, agriculture, tourism, natural recourses.

“Kazakh businessmen have arrived in Georgia to meet over 50 Georgian companies and find potential partners. I believe this forum will be useful for the representatives of both countries and will be resulted in further increased trade turnover. In future we also consider bringing Georgian businessmen to Kazakhstan.” declared Nino Chikovani, General Director of GCCI on October 18, during the Georgian-Kazakh business forum held at Sheraton Metekhi Palace.

In January-August, 2011 direct foreign investments from the Republic of Kazakhstan in Georgia made USD 11 mln 700 thousand. Kazakh investments are mainly apparent in energy and financial sectors. In the same period Kazakhstan imported USD 38 mln value goods in Georgia while Georgia exported 140 mln value goods to the Republic of Kazakhstan.

“It’s very important that Kazakh and Georgian companies are given an opportunity to meet face to face and discuss potential partnership options. Georgian government is constantly working on global projects in different directions, however, such business forums open new possibilities to be followed up in future,” stated Archil Kekelia, First Deputy Minister of Economy and Sustainable Development of Georgia.

According to Kekelia, there are over 20 Kazakh companies in the local market and around 20 Georgian-Kazakh businesses operating in Georgia. “Georgian-Kazakh business forum serves to boosting export-import volume between the two countries, which in the end will result in increased turnover.

In Kekelia’s words, if we compare the 8 months data of 2011 to the same period statistics of the previous year we’ll see almost 200% growth in turnover.

“Taking into account the fact that Georgia is a transport corridor, transportation is one of the main spheres where we expect foreign investments. Kazakhstan could be a significant player in linking Georgia to China and Asia in general. Oil and energy sectors are also considered to be the major partnership options. Kazakh market is huge in size and full of natural recourses. When we talk about investments we should be focused both on import and export issues. However, today’s priority is Kazakh investments in Georgia,” said Deputy Minister of Economy.

“We see Georgia as a strong partner and we’d like the relationship between our countries to be broadened further in different sectors. In the frame of the Georgian-Kazakh business forum Kazakh and Georgian businessmen meet in order to share experiences and find potential partners and also to establish joint businesses when there is a reasonable motivation mutually beneficial for both sides,” noted Jalil Bulatov, Managing Director of National Export & Investment Agency, Kaznex Invest. “Some of the Kazakh companies participating in the forum have already had an experience in conducting business in Georgia, others are just now looking at the local market opportunities and I believe Georgia’s liberal environment will be interesting for Kazakh investors.”

“Our company is the leading manufacturer of disposable medical products, trade supplies, disposable clothes and linens for the protection of medical personnel, as well as producing drugs. Dolce-Farm’s main partners in Kazakhstan are government organizations like the Ministry of Defence, Disaster Medicine, etc,” said Elena Li, General Director of Dolce-Farm. “We’re interested in Georgian market since our countries have much in common and have always been good partners. Georgia has a favorable investment environment, which makes business expansion flexible. For the beginning we’ll be searching for potential partners and there’s a big possibility that if everything goes right we might launch a joint company here in Georgia.”

 

 

 

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