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Proposals for another Investment Fund

Published: October 9, 2013 | 1:06 pm
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How real is the possibility of another investment fund being established in Georgia? The Israeli company Elenilto Group has come up with the initiative to establish a new fund with a $2.5 billion budget to support the development of the energy sector in Georgia. The Energy Minister Kakha Kaladze has stated that he is aware of the Israeli company’s proposals, and that the ministry would give its backing to such large scale projects.
The Elenilto Group has not commented on the issue thus far, though according to earlier statements, the company is in the process of analysing the economic and statistical information, which, according to the company’s founder David Alon, will take several months.

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