Azeri company to set up new free industrial zone in Georgia
A new free industrial zone is being established in Kulevi, western Georgia, after Kutaisi and Poti, head of the strategic development agency Iva Davitaia told Radio Kommersant on Friday.
The main purpose of Kulevi free industrial zone is to create a favorable climate for investors and open new jobs.
SOCAR Georgia Investment, SOCAR's unit, will construct the free industrial zone in the territory of 600,000 square meters.
Davitaia said that SOCAR Georgia Investment is to coordinate a strategic plan for the development of the free industrial zone in Kulevi with the Economy Ministry by late 2013, and commission it from 2014.
The industrial zone is being established for 99 years.
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