On July 13, 2021, the Business Chamber of Asia and Gulf was founded, which brings together small, medium, and large companies from the countries of Asia and the Gulf (Saudi Arabia, Kuwait, Bahrain, Qatar, United Arab Emirates and the Sultanate of Oman), also, individuals interested in the South Caucasus investment environment or discussing business opportunities here.

The concept of the Business Chamber of Asian & Gulf Countries (after this referred to as the Business Chamber or Organization) is a founding document of the Business Chamber, which explains the essence of the formation of the Organization, its fundamental values, goals, and areas of activity. It makes a significant contribution to business development; in defining a productive, global vision, identifying existing challenges and opportunities. It helps to attract investments in Georgia, their implementation by Georgian companies in Asian and Gulf countries, establishing ties between foreign partners and expanding existing ones. Besides, the formation of youth exchange projects/platforms, the establishment of Georgia as a knowledge exporter, and the presentation of its capabilities. Of the fifty (50) countries on the Asian continent, the Business Chamber operates in forty-six (46).

The idea of creating a Business Chamber is based on the judicious use of Georgia’s strategic location and the demonstration of the country as a Trade Corridor for the development of investment, commerce, educational and cultural relations.
The establishment of international business chambers has a considerable impact on sustainable and stable economic development. Later it becomes a base for potential investors to minimize and insure possible business risks through the organization.

In this regard, the essential purpose of the Business Chamber of Asian & Gulf Countries is to create a conducive environment for discussion among companies, government circles, and civil society representatives. The main priorities of the organization are, on the one hand, the deepening of business relations between Georgia and Asian and Persian Gulf countries and, on the other hand, the promotion of new trade and economic ties.
According to the founders, the country’s advancement must maintain a long-term economic growth rate above 5% and reduce inflation, which, in turn, implies the introduction of mechanisms for rapid entry into the local economy. These steps lead to the development of a free market, a healthy, competitive business environment, and the strengthening of the principles of a liberal economy.

It is necessary to stimulate interest regarding the investment environment not only in the Asian and Persian Gulf but also in European countries to double the GDP of Georgia and support the plan of government.