Saudi-Georgia Investment Forum Explores Economic Ties and Investment Opportunities

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Saudi-Georgia Investment Forum Explores Economic Ties and Investment Opportunities

The Saudi-Georgian Investment Forum was held in Tbilisi, the capital of Georgia. Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih and Deputy Prime Minister and Minister of Economy and Sustainable Development of Georgia Levan Davitashvili, along with various officials and private sector representatives, attended the event.

Al-Falih praised Georgia's robust economy and favorable investment environment, particularly in sectors like transportation, logistics, agriculture, tourism, culture, and renewable energy. He emphasized the shared goal of connecting Asia and Europe through the transportation and logistics sector, which holds immense potential. Saudi Arabia aims to handle over 40,000 containers annually by 2030, aligning with its Vision 2030 and National Transport and Logistics Strategy.

The forum also examined investment potential, promoting economic ties between Saudi Arabia and Georgia. It explored opportunities for private sector participation in industries including tourism, real estate, infrastructure, renewable energy, and transport and logistics. Additionally, four memoranda of understanding were signed in the areas of industry, energy, and culture, with the objective of developing and investing in water and solar energy projects, as well as enhancing cultural capabilities.