Qatar plans agricultural investment in Georgia

28 Feb 2010

(MENAFN) Georgian Agriculture Minister Bakur Kvezereli said that Qatar plans to buy land in Georgia for corn cultivation and to begin this year importing as many as 70,000 sheep a year from the former Soviet republic, Reuters reported.

Kvezereli accompanied Georgian Prime Minister Nika Gilauri to Doha for talks with government officials and business leaders, following President Mikheil Saakashvili’s trip to the Gulf country last November.

Saakashvili last year turned to the Middle East to revive foreign investment that slowed to a trickle following a war with Russia in August 2008 and the global economic slump.

Qatari Diar Real Estate Investment Co., part of the country’s sovereign wealth fund, plans to complete plans for investments in Georgia following a fact-finding trip in April, Deputy Chief Executive Officer Hassan Alfadala said earlier this month.

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