A new MoU signed by GAABU and GINIS Consultancy is set to increase the infl ow of foreign investment to Georgia

New Era for Georgian Investment Environment – Memorandum Signed between Georgian-Arabic-African Business Union and US-based GINIS Consultancy

In order to facilitate business relations between business entities operating in Georgia and foreign investors, a memorandum of understanding has been signed between the Georgian-Arabic-African Business Union “GAABU” and the American company “GINIS Consultancy”. The cooperation between the two large organizations is aimed at attracting foreign investment to Georgia, as well as promoting the export of Georgian products and services. The parties say this cooperation will increase the infl ow of foreign investment to Georgia.

Inspired and planned through the successful experience of GAABU and GINIS Consultancy, which covers various fi elds, including property and business management, as well as immigration services, tourism and more, the future megaprojects will create new opportunities both in the country and in the regions, which will be unprecedented in scale.

The joint effort of the business association and the leading people of the company, Hany Hebashi and Elamir Elsherif, will help to initiate and strengthen business relations between business entities operating in Georgia, and foreign investors.

An investment network platform is being set up to increase foreign direct investment in Georgia. According to its organizers, the platform will help establish valuable contacts between investment seekers and investors, which will give the country an additional opportunity to attract institutional and private investment.

According to the parties, several investors are already interested in the Georgian business environment, and their cooperation will make a signifi cant contribution to the economic development of our country.

The investment networking platform forum launched on September 24 highlighted the importance of mutual cooperation between Georgian companies to increase the country's FDI.

Roza Rokhvadze, General Secretary of the Georgian-Arabic-African Business Union, notes that the goal of GAABU is to create the most comfortable business climate for foreign investors in the country, so that more investors become interested in Georgia, and so that many new jobs will be created, which will guarantee growth of the economic indicators.

The investment network platform, meanwhile, will provide information to various investors around the world about what projects are being implemented in Georgia. According to the organizers, among the most interesting areas are energy, agriculture, transport and communications, IT sector, banking, and real estate.

In addition, in order to facilitate business relations between business entities operating in Georgia and foreign investors, a memorandum of understanding was signed between GAABU and GINIS Consultancy. The MoU is aimed at attracting foreign investment to Georgia, as well as promoting the export of Georgian products and services.

“A memorandum was signed between GINIS Consultancy and GAABU. The main purpose of the memorandum is, fi rst of all, to fi nd foreign investors, and then to show them how to do business in Georgia,” says Hany Hebashi, Founder of OTI Group. “Due to its geopolitical location, Georgia is an interesting country for many, which is also distinguished by business security.”

“There are many fi elds in Georgia that are interesting for investors,” Elamir Elsherif, founder of GINIS Consultancy, notes. “Georgia is quite captivating for investors, and because of this, it has great potential to attract investors, representing as it does a kind of a bridge between Europe and Asia.”

Business meetings are planned in the United Arab Emirates, with the aim of attracting interested investors to do business in Georgia.

The Georgian-Arabic-African Business Union was founded in September 18, 2020 by the development company OTI Group, which had been operating in Georgia since 2018. The company operates in investment and real estate, and has been promoting the infl ow of foreign capital and investments in Georgia for years. OTI Group cooperates with construction and development companies. Among its assets are ongoing and implemented projects throughout Georgia, including OTI Dighomi 2B; OTI Tower 31; OTI Green Tower, Student House, Asureti Paradise, Reef Villa, and Marabda Sky View.

GAABU successfully operates with its members and partners to promote business development and investment in GINIS Consultancy is unprecedented for Georgia. It will stimulate the interest of foreign investors to start various projects in Georgia and invest in the construction sector, as well as in other sectors of the economy. This, in turn, means new jobs, increased production and, consequently, improving the economic situation of the country. In short, this cooperation will be a new era for the Georgian investment environment.

Georgia, in addition to trade and industry. The Union’s member organizations, companies and individuals have access to the services and benefi ts offered by GAABU, among them: investment, business and fi nancial consulting, legal and immigration support, immigration and brokerage consulting, as well as marketing, promotional and PR services. The Union creates a favorable and secure environment for investors in Georgia, in order to set up a new business or diversify it.

Both OTI Group and GAABU have a network of branches in the Middle East through which they actively work with foreign partners and seek new ways and prospects for cooperation.

GINIS Consultancy is a Tennesseebased international organization. Among the clients and partners of the organization are both large business associations and investment groups. The company manages the processes with fl exible and multifaceted approaches in various fi elds, be it geopolitical or macroeconomic risks, factors or opportunities, asset protection, or legal and tax services.

As a result of partnership with GINIS Consultancy, reputable and experienced law fi rms, as well as fi nancial groups and major banks, are involved in investment programs in different countries.

The cooperation between GAABU and

POLITICS Bipartisanship in Georgia

OP-ED BY NUGZAR B. RUHADZE

How about an offi cially introduced functioning bipartisanship in Sakartvelo? This enterprising novelty could work as a way out of the ongoing political higgledy-piggledy in the country, forgetting about the prospect of the European model of a coalition government at least for now, this happening against the background of a presidential republic of course: The god-blessed and well-weathered American political model!

Guess what encouraged me to suggest it? Only the outcome of the self-government elections 2021! I’m refusing to count the number of those unlikely political parties feebly playing the big game, because their quantity is hilariously high, and the quality happens to be beneath the nadir. Who needs that many vociferous but fl imsy and often one-member accidental political formations within a nation of just three-million? I call it but a political craze, nothing more.

Folks, this is a nation with an acute proclivity to do politics with greater pleasure and acumen than business. The situation purely qualifi es this as the ‘end of the world’. I wonder why our didactically poised western friends are not prompting us to stop the nonsense and pull ourselves together? In fact, they are doing just the contrary, enthusiastically applauding our overwhelming political zealousness. We probably need to introduce a certain amount of Marxism into our political culture, maintaining that ‘being determines consciousness’, thus teaching ourselves that making money is more important than making politics. This is of course one of my little jokes, but we know how it is: there’s always a grain of truth to every joke.

Anyways, let us now return to the matter at hand, and that is the possibility of planting the American-style bipartisan politics on our Georgian soil, which does not apply to a parliamentary system like they have in Great Britain, or the one we are practicing now. The American bipartisan interaction didn’t fall like manna from heaven: the history of the nation has it that the struggle was long and painful, with contemporary bipartisanship preceded by nonpartisanship in American politics. To wit, in the bipartisanship political environment, which literally means two-party system, the opposing political parties are usually poised to use compromise as a political instrument to get themselves on common ground concerning the most burning national issues.

I think this is exactly what we need to exercise here in Georgia in order to achieve the long-dreamed-of national accord by means of getting rid of the impotent political forces romping around the arena without any tangible use. The Georgian political life of the latest thirty-something years is marked with an overly motley and dysfunctional multi-partisan system which has rendered abortive (rather than productive) most of the political activity in terms of enhancing the standard of living in the country. Well, life has improved to a certain extent, but not thanks to multi-partisan sweat but rather through inertia and the overall global trend.

The idea is that the electoral struggle

Image source: aaaa.org

should take place only between two major political parties, and once one of them is elected to rule the country, they try to agree about all or most of the issues regarding the country’s political life. Nobody says that this is a man’s most optimal political invention ever, but it seems it might really fi t into our current political life, because bipartisanship is about reconciliation, involving only two parties, not about squaring off the accounts among tens of parties that have been clashing with each other on an everyday basis over the last thirty years, and with no result to that.

Just imagine what a relief it would be for the people of Georgia to get rid of that annoying avalanche of mutually recriminating speeches, preposterous emotions and irrelevant plans to promote the Georgian cause which interminably emanate from those multi-party debates. What a waste of time and energy! So, why can’t we give bipartisanship a go for a change, and grant a new chance both to a balanced political word and to our politically exhausted electorate? Georgia is ready for this kind of experiment. After all, it is just two parties in reality who have been fi ghting for power in the last couple of decades, so we should be well prepared for the change.