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ირაკლი ღარიბაშვილი

Georgian Prime Minister Irakli Garibashvili met with Jasim Husain Ahmed Thabet, CEO of TAQA.

The topics discussed at the meeting included the country’s energy potential and opportunities for enhancing the company’s investments in Georgia.

Jasim Husain Ahmed Thabet briefed Irakli Garibashvili on the key directions and priorities of the company’s operations. For his part, the Prime Minister provided information about the country’s favorable investment environment. As Irakli Garibashvili noted, developing renewable energy is one of the priority directions of Georgia’s economic policy.

Attention was paid to the Black Sea Submarine Cable project, on which the Government of Georgia is actively working together with its partners.

The Head of Government invited the TAQA Executive to Georgia, to better familiarize himself with the country’s investment potential.

Established in 2005, TAQA a diversified energy company of the United Arab Emirates. It plays an important role in the implementation of the economic strategy of the Emirate of Abu Dhabi. The company generates a significant share of electric power and water and owns assets in various countries, such as the US, the UK, Canada, the Netherlands, the UAE, the Kingdom of Saudi Arabia, Oman, and others. The company’s revenues in the first half of 2023 made up about 3.67 billion USD. TAQA owns 43% of the shares of Masdar, a large UAE energy company developing a 100-MW solar power plant in Georgia.