In order to facilitate business relations between business entities operating in Georgia and foreign investors, a memorandum of understanding has been signed between the Georgian-Arabic-African Business Union “GAABU” and the American company “GINIS Consultancy”. The cooperation between the two large organizations is aimed at attracting foreign investment to Georgia, as well as promoting the export of Georgian products and services. The parties say this cooperation will increase the inflow of foreign investment to Georgia.
Inspired and planned through the successful experience of GAABU and GINIS Consultancy, which covers various fields, including property and business management, as well as immigration services, tourism and more, the future mega-projects will create new opportunities both in the country and in the regions, which will be unprecedented in scale.
The joint effort of the business association and the leading people of the company, Hany Hebashi and Elamir Elsherif, will help to initiate and strengthen business relations between business entities operating in Georgia, and foreign investors.
An investment network platform is being set up to increase foreign direct investment in Georgia.
According to its organizers, the platform will help establish valuable contacts between investment seekers and investors, which will give the country an additional opportunity to attract institutional and private investment.
According to the parties, several investors are already interested in the Georgian business environment, and their cooperation will make a significant contribution to the economic development of our country.
The investment networking platform forum launched on September 24 highlighted the importance of mutual cooperation between Georgian companies to increase the country’s FDI.
Roza Rokhvadze, General Secretary of the Georgian-Arabic-African Business Union, notes that the goal of GAABU is to create the most comfortable business climate for foreign investors in the country, so that more investors become interested in Georgia, and so that many new jobs will be created, which will guarantee growth of the economic indicators.
The investment network platform, meanwhile, will provide information to various investors around the world about what projects are being implemented in Georgia. According to the organizers, among the most interesting areas are energy, agriculture, transport and communications, IT sector, banking, and real estate.
In addition, in order to facilitate business relations between business entities operating in Georgia and foreign investors, a memorandum of understanding was signed between GAABU and GINIS Consultancy. The MoU is aimed at attracting foreign investment to Georgia, as well as promoting the export of Georgian products and services.
“A memorandum was signed between GINIS Consultancy and GAABU. The main purpose of the memorandum is, first of all, to find foreign investors, and then to show them how to do business in Georgia,” says Hany Hebashi, Founder of OTI Group. “Due to its geopolitical location, Georgia is an interesting country for many, which is also distinguished by business security.”
“There are many fields in Georgia that are interesting for investors,” Elamir Elsherif, founder of GINIS Consultancy, notes. “Georgia is quite captivating for investors, and because of this, it has great potential to attract investors, representing as it does a kind of a bridge between Europe and Asia.”
Business meetings are planned in the United Arab Emirates, with the aim of attracting interested investors to do business in Georgia.
The Georgian-Arabic-African Business Union was founded in September 18, 2020 by the development company OTI Group, which had been operating in Georgia since 2018. The company operates in investment and real estate, and has been promoting the inflow of foreign capital and investments in Georgia for years. OTI Group cooperates with construction and development companies. Among its assets are ongoing and implemented projects throughout Georgia, including OTI Dighomi 2B; OTI Tower 31; OTI Green Tower, Student House, Asureti Paradise, Reef Villa, and Marabda Sky View.
GAABU successfully operates with its members and partners to promote business development and investment in Georgia, in addition to trade and industry. The Union’s member organizations, companies and individuals have access to the services and benefits offered by GAABU, among them: investment, business and financial consulting, legal and immigration support, immigration and brokerage consulting, as well as marketing, promotional and PR services. The Union creates a favorable and secure environment for investors in Georgia, in order to set up a new business or diversify it.
Both OTI Group and GAABU have a network of branches in the Middle East through which they actively work with foreign partners and seek new ways and prospects for cooperation.
GINIS Consultancy is a Tennessee-based international organization. Among the clients and partners of the organization are both large business associations and investment groups. The company manages the processes with flexible and multifaceted approaches in various fields, be it geopolitical or macroeconomic risks, factors or opportunities, asset protection, or legal and tax services.
As a result of partnership with GINIS Consultancy, reputable and experienced law firms, as well as financial groups and major banks, are involved in investment programs in different countries.
The cooperation between GAABU and GINIS Consultancy is unprecedented for Georgia. It will stimulate the interest of foreign investors to start various projects in Georgia and invest in the construction sector, as well as in other sectors of the economy. This, in turn, means new jobs, increased production and, consequently, improving the economic situation of the country. In short, this cooperation will be a new era for the Georgian investment environment.