Republic of Abkhazia is looking for FDI from the Middle East

July 21, 2010 - PRLog -- It is all about the economy and investment opportunities …

Abkhazia is a young republic situated at the Black Sea coast, between the sea and mountains.  The large seafront line, mix of climatic zones and pure intact nature was always making of this place an exceptional balneal resort and tourism center. Political issues last decades affected significantly the development of the region and the local economy. Since Abkhazia obtained its sovereignty and recognition from several countries, this young republic stepped on the path to democracy and market economy.

Nowadays, Republic of Abkhazia offers numerous opportunities to investors and open wide its doors for cooperation in different sectors, staring from small private ventures to large scale projects. The actual policy framework for FDI removed the obstacles for foreign investors, adopted numerous investment instruments, law on FDI and clear strategic program on the economical development of the republic. The advantageous geographical location, on the Cross-Road of Europe and Asia, gives Abkhazia the potential to become the Transit hub and entry point to Russian markets of 140 millions of consumers. Trade liberalization and future creation of the economic zone will definitely facilitate the exchange with neighboring countries and contribute a lot the global economy at the same time.  Abkhazia possess incredible water resources which can be supplied to the countries of the MENA region. The MENA population is about five percent of the world population, but it receives only one percent of the world’s renewable water resources. The region’s economy and future depends on the ability of the MENA countries to address water scarcity issues.  Abkhazia is ready to support the water needs and accommodate investors and enterprises ready to exploit this resource.

The tourism sector remains very strong and reveals extremely high potential for FDI due to the lack of the modern accommodation and increasing demand from the Russian guests. Tourism sector has strong linkage with infrastructure, transport, food production, retail, entertainment, etc. Sochi, a Russian town which is only 20 km north of the Abkhazian-Russian border, won the bid for the 2014 Winter Olympics. For the reason of the strategic proximity Abkhazia is offering to foreign investors absolutely unique investment opportunities in Sea and Ski Resorts, Balneal resorts, Refurbishments of existing hotels and facilities, Development of new Hotel chains of European standards.

The importance of FDI for young developing regions is obvious and generally considered as a driving force during the integration into the globalization process. The political issues should not restrain the development of the small regions like Abkhazia and affect people’s lives, depriving them from jobs, prosperity and connections with external world. The human aspect and economic needs should prevail over political interests and ambitions at any times and anywhere.

“Invest Abkhazia” was launched in the aim to support this destination and raise the attention of the private and corporate investors within MENA region and globally.  We act beyond the political issues and creating new ground for business opportunities which are based on respect, transparency and sustainability. We are leveraging global expertise and local approach providing best site consultants and international sophisticated marketing techniques to build most competitive investment solutions today.

Written by “Invest Abkhazia” (MENA region)
http://investabkhazia.com/

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Project “Invest Abkhazia” is a strategic alliance developed by experienced professionals from different areas of expertise such as Legal, Finance, Consulting, Project management in the aim to provide outstanding investment solutions arising from new emerging market of Abkhazia.