12:04 Tue, Dec 01 2020
HOW TO ESTABLISH A BUSINESS?
HOW TO BUY A PROPERTY?
Ajara has undergone serious changes and reforms that led to the significant improvement of its worldwide image and investment climate. The hospitality market in Ajara is developing at a fast pace as increased inflow of foreign visitors, businessmen and delegations attracts well-known international hotel chains.
Construction is one of the most dynamically growing sectors in Ajara region. Having started ten years ago, it has been booming in Ajara since then. The total constructed area in 2018 exceeded 2 million m². The fierce competition on the market makes the sector very promising in terms of growth and development.
Ajara, due to its mountainous terrain, has relatively low percentage of arable land, which is about 25% of its territory (72 862 ha). Around 50% of the population is engaged in agriculture.
The main industries developed in Ajara are as follows: food production, apparel, wood processing and production, and manufacture of non-metallic mineral products.
The geographic location plays an important role in the social, economic, and political life of Georgia. Historically, Georgia was considered to be a transit territory connecting Europe and Asia.
There are following financial institutions in Ajara region