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Negotiations with contractors yield USD 52 million saving on Anaklia Deep Sea Port - Economy Minister

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“The Anaklia Deep Sea port is of vital importance not only for Georgia, but for every partner country actively engaged along the Middle Corridor,” said Georgia’s Minister of Economy and Sustainable Development, Mariam Kvrivishvili.

The Minister confirmed that through an optimisation of the Anaklia Deep Sea Port project, savings of USD 52 million had been secured, and that active construction work on the port site would commence within the coming days.

“The construction of the Anaklia Deep Sea Port is of strategic importance to our country, particularly in the context of the Middle Corridor. We have conducted a thorough review of the existing master plan and engaged in intensive negotiations with contractor companies over the past several months. As a result, the total cost of the construction works has been reduced by USD 52 million. We have completed the preliminary mobilisation works, and within the next few days, active construction will begin on the Anaklia site itself,” said Mariam Kvrivishvili.

The Minister further noted that bringing the Anaklia Deep Sea Port into operation would enable Georgia to significantly increase the volume of freight moving both into and through the country.

“With the Anaklia Deep Sea Port operational, we will continue to be a significant partner within the Middle Corridor framework, enabling Georgia to handle ever greater cargo volumes and to facilitate the movement of freight flows towards Europe and beyond,” the Minister said.

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image ADB highlights Georgia's favourable business climate and infrastructure ambitions as growth forecast upgraded - Deputy Economy Minister

10.04.2026.21:24

“The Asian Development Bank (ADB) has published its Asian Economic Outlook report, highlighting Georgia’s strong economic growth of 7.5% in 2025. For 2026, against a backdrop of ongoing regional conflicts, the ADB projects growth of 5.5 per cent, an improvement of 0.5 percentage points on the previous forecast,” Vakhtang Tsintsadze, Deputy Minister of Economy and Sustainable Development, has stated.

The Deputy Minister noted that the report draws particular attention to Georgia’s current account deficit, having fallen to a record low, alongside international reserves reaching a record high.

For 2026, the ADB expects average inflation in Georgia to stand at 3.8 per cent, reducing the previous year’s figure.

“The Asian Development Bank also emphasises that Georgia is striving to establish itself as a trade, logistics, and transport hub. In this regard, the report highlights a series of reforms facilitating improvements to customs procedures and related processes. The Bank further underscores Georgia’s infrastructure achievements, both in port development and rail connectivity,” said Vakhtang Tsintsadze.

According to the Deputy Minister, the ADB report singles out Georgia’s attractive business environment for particular praise, drawing attention to the country’s free trade agreements, as well as the mechanisms in place to safeguard investors’ interests, all of which, taken together, serve to strengthen the confidence of both domestic and international investors and enhance Georgia’s appeal as an investment destination.

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