A senior delegation representing Georgia’s political and business communities visited Davos last week to take part in the World Economic Forum 2015. Led by Georgia’s Prime Minister, Irakli Garibashvili, representatives participated in discussions which centered on further strengthening the country’s relations with global investors.
The talks focused on initiatives undertaken by Georgia’s government to help continue sustaining economic growth and facilitate access for international investors to the domestic market and the wider region through Georgia’s unique geographic location.
As the country’s leading private equity group, the Georgian Co-Investment Fund (“GCF”) accompanied the Prime Minister and was represented by its CEO, George Bachiashvili. Other members of the delegation included the Deputy Prime Minister and Minister of Economy and Sustainable Development, George Kvirikashvili; Minister of Foreign Affairs, Tamar Beruchashvili; Director of the Georgian National Investment Agency, George Pertaia; and the CEO of JSC Georgian Railway, Mamuka Bakhtadze.
In relation to his participation at the World Economic Forum in Davos, the CEO of GCF, George Bachiashvili, said: “It was an honour to be part of Georgia’s delegation at the World Economic Forum for the third consecutive year. Georgia is a country with great economic promise and Davos provides us with a platform to help communicate our story to an international investor base which is looking for new growth stories and business opportunities. We are committed to unlocking Georgia’s economic potential to the world’s leading investors and we were delighted to have had such productive discussions.
During his visit, George Bachiashvili met with senior executives representing a wide range of sectors and industries who have expressed an interest in increasing their exposure to Georgia. While some of the companies already have a presence in the country, many are interested in pursuing specific local investment opportunities in partnership with GCF.
Bachiashvili added: “While the discussions we held at Davos were extremely positive, nothing can replace a visit to Georgia to see the opportunities first hand. We were very pleased to hear about the willingness of many of the executives to either come or send their teams to the country in the near future and we very much look forward to welcoming them.”
During the visit, the CEO of GCF, George Bachiashvili held meetings with Chairman of Tata Sons, Cyrus P. Mistry; Chief Executive Officer of Henkel AG & Co. KGaA, Kasper Rorsted; Chairman of Louis Dreyfus Group, Margarita Louis-Dreyfus and Executive Chairman of Louis Dreyfus Commodities BV, Serge Schoen; Managing Director of Hanwha Group, Dong-Kwan Kim; Executive Vice-Chairman of Tech Mahindra, Vineet Nayyar; Chief Executive Officer and Chief Investment Officer of Aberdeen Asset Management Plc, Martin Gilbert and Anne Richards; Co-Founder and Co-Chairman of CVC Capital Partners, Steve Koltes;
For further information please contact:
Head of Public Relations, Georgian Co-Investment Fund
T: +995 32 2470004
E: [email protected]