MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Deputy Minister of Economy and Sustainable Development Genadi Arveladze participated in the 25^th CAREC (Central Asia Regional Economic Cooperation Program) Ministerial Conference and Business Forum, held in Ulaanbaatar, the capital of Mongolia.

Genadi Arveladze participated in a panel discussion dedicated to the development of economic corridors. The Deputy Minister emphasized the importance of transitioning from traditional transport corridors to integrated economic corridors that connect infrastructure with trade, logistics, energy, digital connectivity, investment and economic activity.

“The opportunity lies in ensuring value creation along the corridors not only through the more efficient movement of goods and people, but also by attracting investments, developing logistical and industrial activities, creating jobs, and connecting local economies to regional and global markets,” – Genadi Arveladze noted.

According to the Deputy Minister, a key priority is the development of multimodal logistics hubs and trade-supporting infrastructure around the existing transport network.

“The Middle Corridor, with its growing freight flows, provides an opportunity for Georgia to develop a broader regional logistical and economic ecosystem - this includes strengthening rail, port, and road connections, improving border procedures, and creating conditions for the development of logistics, trade, and investment activities along the corridor,” – the Deputy Minister noted. According to him, Georgia is making significant investments to develop the country’s transport and logistics system.

Genadi Arveladze placed special emphasis on the Anaklia Deep Sea Port. According to him, the project can create a stronger multimodal platform for trade, logistics, and investment, as well as foster broader economic activity around the corridor.

“No single country can optimize a corridor on its own. Georgia is ready to contribute to this process, particularly through the Middle Corridor and our role as a bridge between Central Asia, the Caspian region, the Black Sea, and Europe,” – Genadi Arveladze noted.

As the Deputy Minister of Economy and Sustainable Development noted, the growing importance of the Middle Corridor creates new opportunities to transition toward broader regional economic development. According to him, with its strategic location and multimodal transport network, Georgia is actively developing its transport and logistics infrastructure, strengthening the country’s role as a connecting bridge between Europe and Asia.

The Deputy Minister highlighted the growing dynamics of the transport and logistics sector and its role in the country’s overall economic growth. According to Genadi Arveladze, in the period from 2019 to 2025, transport and storage accounted for more than 6% of GDP, with an average annual growth rate of 15,9%.

“Building on this momentum, by 2032 the government plans to mobilize USD 7 billion for major transport projects such as the Anaklia Deep Sea Port, the renewal of railway rolling stock, the modernization of the road network, and the development of the new Tbilisi International Airport. The importance of these investments increases the overall throughput capacity and capabilities of the Middle Corridor,” – Genadi Arveladze noted.

The Deputy Minister emphasized other CAREC initiatives that can play a significant role in harmonizing and digitalizing transit procedures, reducing administrative burdens, improving transparency, and enhancing the competitiveness of the Middle Corridor.

Genadi Arveladze paid special attention to the successful conclusion of negotiations and the importance of effective implementation of the CAREC Regional Trade and Investment Facilitation (CARTIF) Agreement. According to the Deputy Minister, the successful and prompt conclusion of negotiations will allow the CARTIF Agreement to bring significant benefits to regional trade, investment, connectivity and economic cooperation.

In his address, the Deputy Minister also focused on the role of artificial intelligence, noting that it is considered an increasingly important driver of innovation, productivity, and economic competitiveness.

Genadi Arveladze also spoke about Georgia’s strategic projects, such as the Black Sea Subsea Cable and the Green Energy Corridor.