Blank – If Georgia actually wants foreign investment, it has to make its projects, including Anaklia

20-04-2020 12:17:10 Comment

Japan has earmarked 220 billion yen of its coronavirus stimulus relief to go toward helping its manufacturing companies move their production plants out of communist China and back to Japan or to other countries.

As the founder of Anaklia Development Consortium, leader of the political union Lelo for Georgia, Mamuka Khazaradze said, “this is a new window of opportunity to attract serious investments to Georgia. “A concrete example is the port of Anaklia and the free economic zone in Anaklia,” he added.

Senior fellow at the Foreign Policy Research Institute, Stephen Blank said if Georgia actually wants foreign investment, it has to make its projects, including Anaklia.

“From what I know about the Anaklia project it has been stalled by Georgian political infighting. If Georgia actually wants foreign investment in general and Japanese investment in particular, it has to make its projects, i.e. not only Anaklia but including it as well, more attractive to foreign investors and one way to do so is stop the infighting,” Blank told the Accent, adding that attracting potential investment will also strengthen the country's security.

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