Finance Corporation continues to expand its portfolio in Georgia
Here are the latest investments in Georgia approved by DFC which will further strengthen the resilience of the Georgian private sector in these challenging times.
- Bank of Georgia – First DISBURSEMENT of $35MM of a loan facility which was approved last year for $100MM for on-lending to micro and SMEs in Georgia.
- Resort Abastumani Sanatorium Arazindo – APPROVAL of loan for $8.6MM for construction and operation of locally-branded hotel in Abastumani, Georgia, an expansion of Rooms Hotels. This is with the Adjara Group. This is the first hotel project for DFC in the regions.
- Information Communications Services (ICS) Regional Logistics Center – APPROVAL of loan for $4MM for the development, construction, and operation of the ICS Regional Logistic Center in Tbilisi, Georgia (the “Center”), to provide international and domestic logistics, warehousing, and sophisticated supply chain integration services to business customers in the Caucasus Region and beyond. The warehouse will be near the Tbilisi airport. This is the first logistics warehouse project for DFC in Tbilisi.