Hualing Group Builds Elevator Factory in Georgia

Chinese company Hualing Group continues to expand its investments in Georgia after representatives of the company met with authorities in the western Georgian city of Kutaisi to discuss the ongoing construction of an elevator factory.

Once completed, the factory will be Hualing’s fourth major project in Georgia.

Kutaisi Mayor Shota Murgulia said the project would provide much-needed job opportunities to the local population and further strengthen the growing economic ties between Georgia and China.

“Hualing Group has many projects in Georgia. More than a year ago we opened the Free Industrial Zone in Kutaisi. We hope to continue our friendship with China as it opens up opportunities for the country and our city in particular,” said Murgulia.

Hualing Kutaisi Free Industrial Zone, operational since October 2015, is located on the site of a former automobile factory.

In accordance with legislation, companies registered within the Hualing FIZ are fully and permanently exempt from profit and property tax, dividend tax, and VAT, as well as import duties.

Hualing Group leased the site of the Kutaisi FIZ for 30 years and is investing at least USD 14 million (GEL 40 million) over the course of the contract.

Eka Karsaulidze