Prime Minister Irakli Kobakhidze has declared the government’s commitment to sustaining economic growth in the energy and infrastructure sectors. Speaking at the Georgian Business Association conference, he outlined upcoming reforms to boost investor confidence and improving project quality.
Kobakhidze acknowledged that Georgia’s energy sector has experienced a slowdown in recent years, largely due to flawed practices such as the resale of permits. He promised that these problems would be eliminated to create a fairer environment for companies.
“We had a certain slowdown in the energy sector, and such trends have been observed for several years. There were wrong practices in many areas, among which the main problem was the resale of permits. We promise that we will solve all these problems so that companies in the energy sector can successfully implement projects,” he said.
The Prime Minister also pointed out the importance of international partnerships in driving growth. He referenced a recent visit by representatives from the United Arab Emirates, during which Georgia secured a USD 6.6 billion investment deal with EMAAR Group and Eagle Hills. As Kobakhidze stated, this and other joint initiatives demonstrate Georgia’s growing appeal as a destination for large-scale foreign investment.
Turning to infrastructure, he stressed the need for higher quality and efficiency in state and private projects. He mentionedthat discussions with the business sector have focused on fair competition, cost-effectiveness and durability in construction. He thanked Infrastructure Minister Revaz Sokhadze for his efforts in advancing these reforms.
“Our task is to further accelerate the pace of economic growth. Despite being first in the region and Europe in terms of growth, there is potential to do more, and we will do our best,” he concluded.
