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Sovereign Wealth Funds Briefing - Categorized | Investment

Rakia Georgia eyes $10-15-bln Indian investment in Poti FIZ

Posted on 23 February 2011

From Indiatimes.com: The UAE-based company Rakia Georgia, which is developing a free industrial zone (FIZ) in Poti (Georgia), is eyeing investments of around $ 10-15 bn from Indian companies this year. Rakia Georgia Free Industrial Zone (FIZ) was established in June 2008 by the RAK Investment Authority (RAKIA), the nodal agency of the Government of Ras Al Khaimah, UAE
“We expect that at least 25 Indian companies will invest close to around $ 10-15-bn this year (in FIZ),” the company’s General Director S K Chatterji told media on the sidelines of an event organised by industry body FICCI here………………………………………..Full Article: Source

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