The Economy Minister called the deal on the joint council an “important agreement” between the chambers of commerce of the two countries, and added it would encourage trade and investment projects.

Levan Davitashvili also noted Georgia's deepening economic relations with the UAE, with the Ministry citing the official on naming energy, transport, real estate and hotel infrastructure among priority directions in the ties.

According to the Minister, the negotiations on signing a free trade agreement between the two countries would officially begin this year and “give a new impetus” to investment projects in Georgia. He also emphasized the UAE side attached a “high political importance” to a timely signing of the agreement on the free trade deal with Georgia.

The Minister stressed that the Gulf countries, including the UAE, were “important prospective economic partners” for Georgia.