Starting up Cooperation with Partners in China

On May 28-29, PMCG hosted a delegation from China to arrange partnerships, and to introduce the opportunities and business enabling environment offered by Georgia to foreign investors.

PMCG presented to guests (Frank Feng, General Manager at China Communications Construction Company (CCCC); and Dr. Biliang HU, Dean of Emerging Markets Institute at Beijing Normal University) the current economic situation in Georgia, the advantages of investing in Georgia and discussed topics related to the real estate sector.

Specific attention was paid to the opportunities that the Georgia-China Free Trade Agreement, which is under negotiation, would open up. PMCG, together with the experts of China’s University of International Business and Economics (UIBE) and in collaboration with the Ministry of Economy and Sustainable Development of Georgia, conducted a feasibility study of possible outcomes of the agreement stressing the importance of signing the agreement and the economic opportunities it would bring.

PMCG also met with Davit Lezhava, the Deputy Minister of Finance in International Relations, to discuss the position and vision of the Government of Georgia in terms of the existing business environment which can help to streamline investments. Guests also met with Wang Shengxin, General Director at Hualing Group Georgia and the biggest foreign investor in Georgia’s real estate sector, who shared the Group’s experience of operating in Georgia.