| From Gulf-daily-news.com: UAE-based RAK Investment Authority (Rakia) plans to invest about $2 billion in Georgia over the next five years despite the global downturn and Georgia's war with Russia last year, the head of its local unit said.
A brief war between Georgia and Russia in August last year over the break-away region of South Ossetia scared off many potential investors from the country but Rakia, a sovereign wealth fund, says it plans to fully carry out all investment projects..... Full Article: Source |