Tbilisi, February 15, 2024, Today, the Saudi-Georgian Investment Forum convened in the capital of the Republic of Georgia, Tbilisi, drawing the participation of key dignitaries including Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih and Deputy Prime Minister and Minister of Economy and Sustainable Development of Georgia, Levan Davitashvili, alongside a cohort of government officials and representatives from the private sectors of both nations.
In his address, Al-Falih underscored the robustness of Georgia's economy and its competitive advantages, shedding light on promising investment prospects spanning transportation, logistics, agriculture, tourism, culture, and renewable energy sectors. He particularly emphasized the strategic convergence between Saudi Arabia and Georgia in the transport and logistics domain, aiming to bridge Asia and Europe. Al-Falih envisioned leveraging this sector's vast potential to fortify global economic integration, targeting an ambitious handling capacity of over 40,000 containers annually by 2030, in alignment with Saudi Vision 2030 and the National Transport and Logistics Strategy.
Deliberations at the forum encompassed discussions on investment potentials, fostering closer economic ties between the Kingdom and Georgia, and facilitating private sector engagement to capitalize on investment opportunities across various sectors. The forum spotlighted opportunities in tourism, real estate, infrastructure, renewable energy, transport, and logistics.
Moreover, the event witnessed the signing of four memoranda of understanding, spanning industries such as energy and culture. These agreements aim to catalyze the development, establishment, and investment in water and solar energy projects, while also bolstering cultural competencies.
