$10 billion will be invested in Georgia's economy
Deputy Director of the Partnership Fund Giorgi Bachiashvili said that $ 6 billion will be invested in Investment Fund, which means that $10 billion will be invested in Georgia's economy in the next four years.
Local media reported that the fund that was supposed to start operating in late 2012 will be ready to start working in September.
"Among the investors will be family of Badri Patarkatsishvili, two sovereign fund of the United Arab Emirates, funds from Azerbaijan and Kazakhstan, private companies from Turkey, Kazakhstan and China," Bachiashvili said, noting that the among of financiers of fund will be Georgian Prime Minister Bidzina Ivanishvili, who will invest about $1 billion in the fund.
Also, operational sovereign fund will be established in September on the basis of the Partnership fund and will finance large projects with funds from the budget.
Partner of sovereign fund is an investment group JP Morgan, which one of the shareholders is Bidzina Ivanishvili.
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