Georgia Industrial Estates
The Republic of Georgia has been working towards developing its industrial sector to attract both domestic and foreign investments. The country has been focusing on creating industrial estates to promote industrialization and create job opportunities. The industrial estates provide a range of benefits to investors. These include tax exemptions and simplification of administrative procedures.
One of the key industrial estates in the country is the Kutaisi Free Industrial Zone (FIZ). The zone is located in Kutaisi, the second-largest city in Georgia, and is spread over an area of 407 hectares. The Kutaisi FEZ [map] offers a range of facilities and services, including ready-built factories, warehouses, office spaces, and land for investors to build their own facilities. The zone is strategically located, providing easy access to the Black Sea ports and major transportation routes.
In addition to these estates, the Georgian government is also working on developing other industrial zones in the country, including the Hualing Kutaisi Industrial Zone. This zonesoffer various facilities and services to investors, including land, factories, warehouses, and office spaces.
Georgia’s strategic location at the crossroads of Europe and Asia, coupled with its favorable business climate, makes it an attractive destination for industrial investments. The country’s membership in the World Trade Organization (WTO) and its Free Trade Agreement (FTA) with the European Union (EU) provide investors with access to a large market.
Overall, the development of industrial estates in Georgia is a positive step towards promoting industrialization and creating job opportunities. The government’s efforts to attract investments and provide incentives to investors are expected to further boost the industrial sector in the country.
Strong growth ahead
In 2024, the Republic of Georgia’s industrial sector continues to grow, driven by manufacturing, logistics, and energy. Key industries include food processing, textiles, and metallurgy, with Tbilisi, Kutaisi, and Rustavi serving as major industrial hubs. The government promotes free industrial zones (FIZs) like Poti and Kutaisi to attract foreign investment. Georgia’s strategic location between Europe and Asia enhances trade, while infrastructure improvements support industrial expansion. Challenges include labor shortages and reliance on imports for raw materials, but overall, industrial growth remains steady.