First Organized Industrial Zone being Established in Georgia
 
News ArchiveJuly 08, 2013

The first organized industrial zone [OIZ] is being established in Georgia. Deputy Minister of Finance and Economy of  Adjara informs that  not a free industrial zone initiated by the previous government but an organized zone will be created in Khelvachauri region [a region  in Adjara, an autonomous republic in southwest Georgia].
Beso Bolkvadze notes  that the organized industrial zone includes the arrangement of all necessary infrastructure that can interest the investor.

In his words, unlike the free zone, there will not be tax benefits for investors in the organized industrial zoneAt this stage the project is under consideration and work on finding finances is in progressThe project is to be implemented by 2014.

Souce: commersant.ge