RAK Chamber explores ways to boost trade ties with Georgia

By Ashika Rajan, Trainee Reporter
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RAK Chamber
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The Ras Al Khaimah Chamber of Commerce and Industry has discussed ways to strengthen cooperation between the UAE and Georgia in order to increase trade and encourage mutual investments.

The Chamber’s Chairman, Mr. Mohamed Ali Musabbeh Al Nuaimi has welcomed Mr. Paata Kalandadze, Ambassador of Georgia, emphasizing that it would aid in the formation of effective partnerships between the two sides.

Mr. Al Nuaimi stated that the meeting would strengthen bilateral relations and economic cooperation between Ras Al Khaimah and Georgia, emphasizing the importance of allowing business leaders to explore investment opportunities in both countries.

Mr. Al Nuaimi added that the Emirate can attract tourists and that it will launch many major tourism projects shortly, citing the fact that it has over 6,000 factories manufacturing high-quality goods.

Mr. Al Nuaimi remarked that “we aim to organize the Ras Al Khaimah International SME Fair this year, whose first edition was held for the first time in 2019 and was attended by 220 companies from over 20 countries.”

Mr. Kalandadze said that his visit to Ras Al Khaimah is aimed at promoting his country’s investment environment and available opportunities, as well as discussing the establishment of projects and partnerships, adding that the Georgian government provides numerous incentives and facilitation to attract foreign investment, as well as simple customs clearance procedures.

Mr. Kalandadze also emphasized the importance of the meeting in bolstering Georgia-Ras Al Khaimah cooperation and exploring mutual investment opportunities, while encouraging Emirati investors and business owners to visit Georgia and learn about available opportunities. He added that Georgia’s tourism industry is one of the fastest-growing in the nation.

The meeting addressed available investment opportunities in both countries’ main sectors, including tourism, real estate, energy, construction, and agriculture. The two sides have agreed to share more details to improve their overall cooperation.

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