Is the UAE eyeing a solar energy project in Georgia?
A proposed pilot project for a solar farm in Georgia is reportedly in the works with the UAE, Khaleej Times reports, citing statements by Georgia's Vice PM and Economy and Sustainable Development Minister Levan Davitashvili. “We expect significant potential investments from the UAE into Georgia. For example, currently, we are working on renewable energy projects. There is a pilot project for a solar farm in Georgia. Hopefully, we will sign a joint venture agreement within the next month and move to the implementation phase,” he said, without disclosing details on the planned facility.
A UAE-Georgia CEPA is going into implementation early next year: A Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Georgia will be effective in the first quarter of next year, according to officials. It comes under a bid to double bilateral non-oil trade to USD 1.5 bn per year during the next five years.
It’s a CEPA bonanza: UAE State Minister for Foreign Trade Thani bin Ahmed Al Zeyoudi said his country is working on finalizing CEPAs with six additional countries by the end of this year. “We are about to conclude talks with South Korea, and Thailand is almost at the last stages. These agreements will follow those with Costa Rica, Chile, Colombia, and Vietnam. We are also very close to concluding talks with Ukraine,” Al Zeyoudi said. The UAE has rolled out several CEPAs with Turkey, Indonesia, Israel, and India in recent months.