Six Companies Interested in Anaklia Free Industrial Zone

The Anaklia Development Consortium (ADC) has announced a competition to select operators in the Anaklia Free Industrial Zone (FIZ), where six companies have expressed interest in investing in future projects.

The ADC’s management, which is in charge of the zone's development, believes that the project will attract companies from countries that do not have a free-trade agreement with the EU.

“Georgia is small, but due to its geopolitical location it has great potential,” said Levan Akhvlediani, Chief Executive Officer of the ADC.

According to Akhvlediani, the proposed project has the potential to capitalize on Georgia’s strategic location within the Europe-Asia trade route. The concept behind Anaklia’s FIZ is an excellent opportunity to address a variety of objectives simultaneously, especially around the creation of industrial specialization and new jobs.

The Anaklia Free Industrial Zone will be situated on 600 hectares of land. In addition to the FIZ, ADC is also developing the Anaklia Port Project - the shortest route from China to Europe.

The overall cost of the project will amount to USD 3.7 billion, with construction set to begin at by the end of the year. (georgiatoday.ge)