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Government of Autonomous Republic of Adjara Ministry of Finance and Economy Economy of Adjara: Achievements and Prospe

Government of Autonomous Republic of Adjara Ministry of Finance and Economy Economy of Adjara: Achievements and Prospects . GEORGIA Autonomous Republic of Adjara. Location. Economical indicators. Gross Regional Product (mln, GEL). Investments. Transport. 1328 km long motorway including

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Government of Autonomous Republic of Adjara Ministry of Finance and Economy Economy of Adjara: Achievements and Prospe

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  1. Government of Autonomous Republic of Adjara Ministry of Finance and Economy Economy of Adjara:Achievements and Prospects

  2. GEORGIA Autonomous Republic of Adjara

  3. Location

  4. Economical indicators Gross Regional Product (mln, GEL)

  5. Investments

  6. Transport • 1328 km long motorway including 46 km roads of international importance • Domestic and international Cargo and passenger railway • Batumi Sea port • Batumi International Airport

  7. Infrastructure Development • Batumi City water supply and sewage • system rehabilitation project (EUR 73 million investment) • Rehabilitation of Chakvi and Kobuleti water supply system • Gasification of Adjara • Urban infrastructure rehabilitation • Roads rehabilitation • Construction two bypass roads • Environment Projects • River and coastal protection project • Solid Waste Project

  8. Energy Sector HYDRO POWER POTENTIAL Hydro-energy potential of the region is favourable for construction small hydro power stations. According to expert conclusions and market demands, the advantage should be given to the following HPS investment projects: Maglakoni 10 mgwt power Chirukhi-Tbeti 8.3 mgwt Tbetihes 3.5 mgwt Tkhilnari 1.6 mgwt Kheva (Shuakhevi Region) 2 mgwt Diakonidzeebi (Khulo Region) 0.5 mgw Region has Wind and Solar Energy resources

  9. Examples of Investments ‘Narinji’ fruit Company 2006 7 mln USD investment Production: fresh citrus fruits (packed), concentrated juices, puree, ether oils Market: local, Ukraine, Central Asia ‘Georgian Product’ Ltd 2007 15 mln USD investment Production : fresh citrus fruits (packed), concentrated juices, puree, ether oils Market: Local, Russia, Ukraine, Central Asia ‘Batoil’ Ltd 2008 16mln USD investment Production : Refined sunflower oil Market: Local, Caucasus

  10. Examples of Investments BTM Textile ltd 2007 10 mln USD investment Geneplast Ltd 2008 1,4 mln USD investment Product: plastic materials for agriculture industry ‘Batfarma’ Pharmacy 2007 5 mln GEL investment Production: medicines Market: Central Asia

  11. Free Industrial Zone (FIZ) in Khelvachauri • Strategically located along the road which connects Caucasus and Eastern Europe • Close to Batumi Sea port, Batumi International Airport and Railway Batumi Sea port Railway Cargo terminal BATUMI Batumi Airport Proposed FIZ site Highway To Turkey R.Chorokhi

  12. Free Industrial Zone (FIZ) in Khelvachauri Custom and tax tariff preferences: • Importing of goods is free of VAT • All operations in FIZ are free of VAT • All property in FIZ is free of property Tax • World Trade Organization (WTO) • Double Taxation Avoid Agreement • Free Trade Agreement (10 countries) • Georgia became 11 out of 181 ranked economy in the Ease of Doing Business • Generalized System of Preferences (GSP+) (USA, Canada, Norway, and Japan) • Generalized System of Preferences (GSP) • European Union (EU) of 7200 type products

  13. Investment opportunity of Gonio Resorts The undeveloped coastal areas could be developed for leisure projects. Total area is 300ha. It’s located next to the international highway, 3km from Batumi International airport, and 9km from railway station. River to the North 300 ha 3.3 km beach

  14. Investment Opportunities in Mountainous Adjara • Adjara Mountains have ski area development potential • 3 areas were studied and identified as the most favorable for ski resort development • The areas are located in Khulo Municipality, 115 km east from Batumi near Goderdzi Pass and summer resort Beshumi • The capacity of skiers is 8 000 • The area of skiable terrain is approx. 150 hectares

  15. Other Investment Opportunities • Tourism and resorts • Food industry • Green house, Farming, Fisheries • Mineral recourses and Construction materials • Hydro power potential • Manufacturing • Transport Infrastructure • Construction

  16. Adjara is the region of International Tourism

  17. Hotel Batumi 17

  18. Sheraton 18

  19. Radisson 19

  20. HYATT 20

  21. Hotel 21

  22. Entertainment Complex Argo 22

  23. Hotel 23

  24. Dwelling House 24

  25. Torch of Liberty 25

  26. Opera House 26

  27. www.adjarainvest.ge www.mofea.ge

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