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Mikheil Saakashvili departs for Kuwait

2009-10-13 11:27

Today the Georgian delegation headed by President Mikheil Saakashvili, departs for Kuwait with the official visit.

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According to the President's press service, in the course of the visit meetings with PM and representatives if the government of Kuwait will be held, a number of documents on cooperation will be signed, including the agreement on favoring investments.

Meetings in the Kuwaiti Fund for Arab Economic Development are planned. That fund has already financed a number of projects in Georgia, including the projects of highways rehabilitation.

The aim of the visit is luring foreign investments to Georgia and expansion of bilateral cooperation.

In 2008 direct investments in Georgia dropped by USD 0.7 [comparing to 2007] and amounted USD 1.3 bn.

According to the department of statistics, the UAE invested most - USD 237.1 mln; Turkey is the second largest investor - USD 165 mln; from the Netherlands came USD 145.7 mln, from the Virgin Islands - USD 144.3 mln.

 

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