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USAID and Enterprise Georgia Launch Partnership to Support Georgia’s Economic Recovery from COVID-19

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BM.GE
07.12.20 12:00
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USAID and Enterprise Georgia have launched a two-year partnership to facilitate Foreign Direct Investment (FDI) in Georgia’s economy. The initiative will promote high-value opportunities for international investors, helping Georgia’s private sector recover from the COVID-19 pandemic and build a more innovative economy that creates higher-value jobs for Georgian workers.

With financial support from USAID, Enterprise Georgia’s investment team will work closely with OCO Global, a foreign investment advisory firm, to identify and promote high-value investment opportunities in Georgia’s economy, raising awareness about the country’s economic potential among major international investors. The initiative will prioritize investment in greenfield and export-oriented projects, focusing on innovative, high-value manufacturing including electronics, medical instruments, aerospace parts, and automotive parts.

“This new partnership will help move Georgia’s economic recovery forward, channelling investment into innovative industries that create higher-paying jobs and make Georgia competitive on international markets,” said USAID/Georgia Mission Director Peter Wiebler. “The partnership advances one of the key goals of USAID’s new strategy for Georgia: empowering the private sector to create higher-value employment opportunities and contribute to enterprise-driven economic growth that benefits all Georgians.”