28.Jan .2022 18:30

Gov’t Discussed Opportunities For Building Train Manufacturing in Georgia

Gov’t Discussed Opportunities For Building Train Manufacturing in Georgia
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Irakli Garibashvili, Prime Minister of Georgia met Peter Spuhler, Owner and President of the Board of Directors of Stadler Rail AG, being a world leader of train manufacturing incorporated and operating in Switzerland.

Focus at the meeting was focused on the cooperation between the Government of Georgia and Stadler Rail AG. Projects anticipated by the largest manufacturing in Georgia were discussed. Stadler Rail AG plans explore opportunities for building train manufacturing in Georgia, which will predominantly focus on the production and maintenance of trains.

It was noted that the Government of Georgia will provide greatest support for the referred investment.

The favourable business environment existing in Georgia was highlighted at the meeting, along with current and future reforms that are implemented in the country. Free Trade Agreements (FTAs) were also referred to, as they are concluded with the EU, China and countries of the region. It enables Georgia to gain access to a number of large markets. At the same time, the role of Georgia was noted as a regional transit hub and prospects of development towards this end.

The President of Georgia also met with Peter Spuhler, Owner and President of the Board of Directors of Stadler Rail AG. During the meeting, Peter Spuhler, CEO of the company, spoke about the possibility of creating a local manufacturing, which will significantly contribute to the modernization of the train fleet, improving the quality of railway services, raising the qualification of specialists and hiring local specialists.

Salome Zourabichvili welcomed the interest of the experienced company in Georgia and noted that maximum efforts should be made to attract more foreign investment, including from European markets.