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South Korean companies are going to invest in Georgia

2012-03-29 16:26

According to the Georgian President Mikheil Saakashvili, a number of South Korean companies intend to invest hundreds of billions of dollars in Georgia.

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As reported by the ITAR-TASS, Georgian President Mikheil Saakashvili, who is currently in Seoul at the Nuclear Security Summit, has announced that a number of South Korean companies intend to invest hundred million dollars in Georgia.

Saakashvili told that he had met "with representatives of business circles of South Korea and got acquainted with their plans to invest in Georgia". According to the president, "we are talking about specific projects - the construction of a large hotel complex in Batumi, a multifield hospital in Tbilisi, as well as several projects in the energy sector".

Georgian President also said that "one of the South Korean companies intended to build a plant for production of electric lighting in Georgia, products of which would be exported to the countries of the Caucasus region". According to him, another company was interested in construction a plant in Georgia to produce batteries for electric vehicles.

During his visit to Seoul they have also decided to establish embassy of Republic of Korea in Tbilisi. Recall, Mikheil Saakashvili heads the Georgian delegation at the Nuclear Security Summit in Seoul.

 

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