Georgia is initiating several state projects aimed at creating promising investment opportunities in large scale agriculture as the country works to restore its agricultural sector.

 

Georgia’s Deputy Minister of Agriculture, Gocha Tsopurashvili, explained that the government has established a special co-financing fund designed to assist investors interested in developing large-scale agricultural projects in the country.

 

Under the framework of the fund, an investor provides half of a needed investment while the fund matches the investment 1:1. The investor also has the ability to buy out the fund’s stake at a later date. In addition, if the proposed investment project provides a public benefit such as the construction of a processing plant, the land needed for the project could be provided at no cost to the investors.

 

Georgian authorities have also decided that, depending on the total of the investment made, the government could compensate the investor one sixth, one fifth, or one quarter of the value of the investment with assets. The Deputy Minister explains that if an investor invested US$1.2 million in an agricultural project, that investor could be granted property valued at US$300,000 by the state.