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Government offering GEL 400 million of state property to businesses

Government offering GEL 400 million of state property to businesses
Government offering GEL 400 million of state property to businesses

According to the Ministry of Economy and Sustainable Development, in light of the economic challenges facing the country, it is important to maximize the involvement of existing state resources in economic activity. For this purpose, the program "The 100 investment offers for business" is expanding.

The Ministry reports that within the framework of the program, the list of investment-friendly real estate in the country is growing, various types of state-owned enterprises are being added to the map of objects for sale, locations allocated for the construction of infrastructure on highways, tourist, industrial, agricultural and logistical facilities, a total of more than 150 facilities worth up to GEL 350 000 000 million. Also, the list of mineral extraction is growing. Fifty different types of ore with a starting value of GEL 50,000,000 will be added, such as poly metals, mining and chemical raw materials, building materials, and groundwater.

According to the agency, the expected investment from the new facilities is GEL 60,000,000, and the employment rate is at 780. It should be noted that with the acquisition of resources, they will be recycled on-site, which, along with the investment attracted, will create additional jobs.

In total, the state will offer state property worth GEL 400 million to the business sector. Expected investment - GEL 350 million will employ at least 10,000 people.

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