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Foreign Minister of Georgia is staying in Egypt

2009-04-06 14:33

Grigol Vashadze, the Foreign minister of Georgia is staying in Egypt, said Zurab Kachkachishvili, the head of the Ministry's political department, at today's traditional briefing.

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In the course of his visit Vashadze will conduct meetings with the head of the Foreign Ministry, the Minister of the International Cooperation Issues of Egypt, and the General Secretary of the League of Arab States.

According to Kachkachishvili, this visit is very important, especially in the light of the agreement of the Fresh company to make the biggest investment of the recent time.

The Egyptian company expressed intention to build a free industrial zone in the territory of the former Kutaisi automobile plant. The memorandum of mutual understanding between the government of Georgia and the Fresh company will be signed today. At the first stage the investments will amount USD 1 200 800 000, and will exceed USD 3 bn within several years.

 

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