The $6bn vehicle will focus on the energy, manufacturing, tourism, logistics and agriculture sectors, said Ivanishvili, according to Civil Georgia.
Georgian Co-Investment Fund is also backed by the Ras Al Khaimah Investment Authority, Dhabi Group, Milestone International, Çalik Holding, the State Oil fund of Azerbaijan and KazTransOil.
The fund will acquire stakes of 25 to 75 per cent in investment projects valued at at least $5m with a holding period of up to seven years.
“It will depend much on the management and the government as well how this fund will develop,” said Ivanishvili, according to the report.
“I think potential for its capital growth is high and if we manage to implement several successful projects, interest from investors towards Georgia will further increase.”
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