The U.S. Department of State published a report on the investment climate of Georgia today. The report talks about the legal frameworks that regulate the issue of direct foreign investments in the country, as well as the relations between business and the state.
The document also talks about one of the largest infrastructural projects planned in the country, the deep-water port of Anaklia. As the State Department notes, after the unilateral termination of the agreement with the "Anaklia Development Consortium" by the government, the state still declares that they consider Anaklia as a priority, but despite this, a new tender for the project has not yet been announced.
"In 2016, the government awarded the contract to build a new port in Anaklia to a group of international investors, including a U.S. company. However, in 2020 the government terminated its contract with the group, resulting in a legal dispute with the investor. While the government has stated its commitment to the construction of the Anaklia Deep Sea Port Project, a tender has not yet been announced.
Separately, logistics and port management companies in Poti and Batumi have started to develop and expand the Batumi and Poti Ports. In 2020, the owner of Georgia’s largest port, Poti Port on the Black Sea, announced its plans to create a deep-water port. In 2021, logistics companies completed two new terminal projects in Batumi and Poti ports", - the report reads.
