Military Review

Georgia has sold 75% of the Poti industrial zone to the Chinese

There are reports that the Georgian authorities are actually refusing Georgian companies to manage the country's largest industrial and port zones. So 75% of all assets of the Free Industrial Zone Poti Georgian leadership transfers to the management of the Chinese energy company CEFC (China Energy Company Ltd.) Georgian Economic Development Minister Georgy Gakharia put his signature on the relevant documents at the China-Georgia Economic Forum in China.

Thus, the Georgian state sold the lion’s share of the assets of the industrial zone of Poti belonging to a foreign company. Poti is the largest port of Georgia.

Georgia has sold 75% of the Poti industrial zone to the Chinese

Information Agency Sputnik-Georgia cites the statements of Minister George Gakharia:
The agreement provides for the management of the Poti Industrial Zone by CEFC, the sale of 75% of the Poti Industrial Zone, which today belongs to the state.

The free industrial zone in the Georgian Poti was established in 2011 year. Five years later, official Tbilisi announced that the management of the free zone was unsatisfactory, announced the return of part of the assets to the state, and then actually re-privatization. The new investor (and in fact the owner) of the main part of the industrial zone's assets was decided to become China, or rather, the aforementioned Chinese company CEFC.

For reference: China is among the top three major trading partners of Georgia. For purchases, for example, China's Georgian wine takes the second place after the Russian Federation.
Photos used:Поти_(порт)

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  1. Solomon Kane
    Solomon Kane 21 September 2017 13: 00

    but it’s necessary ....
    1. cniza
      cniza 21 September 2017 13: 14
      The Chinese have time everywhere and have something in mind ...
      1. Solomon Kane
        Solomon Kane 21 September 2017 13: 43
        Vit, they are really everywhere ....
        1. cniza
          cniza 21 September 2017 13: 49
          Yeah, but they still want to take control of energy supplies bypassing Russia.
    2. Maz
      Maz 21 September 2017 15: 10
      Let them take, to our allies, an asset, Georgians to a liability.
  2. Orionvit
    Orionvit 21 September 2017 13: 55
    Georgia has sold 75% of the Poti industrial zone to the Chinese
    What else can you expect from a young, correct and ideologically sustained in the spirit of deification of democratic ideas, state. Moreover, just not long ago escaped from under centuries of oppression, his terrible and evil northern neighbor. lol But show off above the roof. To build industry (at first to destroy, but you don’t need a lot of intelligence for this), it’s not to sell tangerines in the market. So let the Chinese be better, those at least manage to do something worthwhile.
  3. evil partisan
    evil partisan 21 September 2017 15: 15
    Why the hell is rodent industry? Chacha, wine, tangerines, cheese, some tourists, and that’s it, succeed! fellow
  4. Topotun
    Topotun 21 September 2017 15: 20
    Another victory of democracy ... What's next? And yourself to Moscow?
  5. marshes
    marshes 21 September 2017 16: 17
    Well done that investors have found, now a ferry, a grain terminal can be built as well as a gas liquefaction plant.
    Kazakhstan has an oil terminal in Batumi, it owns a gas distribution system, but they didn’t have time to buy anything in Poti, the war of 888 mixed up the cards.
  6. voyaka uh
    voyaka uh 21 September 2017 19: 05
    The Chinese are masters in the construction and modernization of ports. Georgians did the right thing.
    The Chinese will also provide employment and port cargo turnover for their exports.
    For example, in Pakistan they built a huge deepwater port in a short time.
    1. evil partisan
      evil partisan 22 September 2017 00: 10
      Quote: voyaka uh
      Georgians did the right thing.

      But agree voyaka uh , its industrial zone and its ports have more profitable. wink Well, if, of course, you know how to manage it (them) normally. Georgians signed their own negligence, chtoli? what Or did someone still have something from this? feel
      Sincerely, I always read your comments with pleasure. hi
  7. weksha50
    weksha50 21 September 2017 19: 50
    "China decided to become the new investor (and actually the owner) of the bulk of the assets of the industrial zone"...

    Hmm ... Nekhilo ... While here we are breaking spears about a possible Chinese expansion in the Far East, and they are the Chinese - now, our neighbors in the south ... Stavropol Territory, Kuban, Rostov Region ... Well, Ukrainian ports are also nearby ... Yes, a lot of things ...
    Vootoot ... Judas Mark marked something with a human face about capitalism, included perestroika spotlights ... Duplicated ... And in China, as the Communist Party led, it also leads ... And the economy has long been capitalistic ... And the possibilities Their economies are truly limitless ...
    And so they will conquer the world ... without any physical wars ...
    No, but Georgia is proud Georgia !!! Wah, I represent their feast with Chinese friends and the singing of "Suliko" and "Songs of Tbilisi" ...
  8. Geisenberg
    Geisenberg 21 September 2017 20: 22
    Farewell to the Georgian mountains ...
  9. LeonidL
    LeonidL 21 September 2017 22: 35
    So she came the long-awaited independence !!! Now Great Georgia is independent not only of Abkhazia and South Ossetia, but also of almost all Poti !!!
  10. Bronevick
    Bronevick 23 September 2017 19: 36
    The Chinese are buying up the whole world.