As Georgian Deputy Economy Minister Irakli Nadareishvili told the seventh Hongqiao International Economic Forum in China on Wednesday, the Government’s economic policy should prioritize traditional sectors’ transformation of the Georgian economy through artificial intelligence.
Nadareishvili highlighted during his speech at the Forum that the use of artificial intelligence was in the process of industrialisation, and Georgia was commited to foster innovation and technological development as part of its broader strategy for sustainable economic growth.
According to the official, significant progress had been made by the Government in modernising its economic sectors. Georgia was positioned as a “regional hub” for technology and IT companies, with over 150 companies now operating in the country.
These businesses employ more than 10,000 local and foreign specialists, which has dramatically altered the country’s export structure. Nadareishvili said that IT services exports reached an unprecedented figure for Georgia of $900 million in 2023.
The Government’s strategy for AI and its integration into various sectors of the economy was emphasised by the Deputy Minister. He also highlighted that it was important to maintain competitiveness in an increasingly digital world and added that “more than just the right infrastructure and business-friendly tax laws” were required.
Efforts of the Government and Georgia’s Innovation and Technology Agency in creating a “developed innovative startup ecosystem”, which had been supported by the establishment of and the launch of nine technology parks across the country, were also noted by Nadareishvili.
He told the forum that the implementation of the largest and most ambitious project – Kutaisi technology hub [in the country’s west], combining an interactive science and technology museum, a startup accelerator, an international IT school, various innovative laboratories, and, most importantly, a cutting-edge data centre focused on advancing AI research and implementation, was started this year.
As he pointed out, implementing artificial intelligence across healthcare, education, agriculture, biotechnology, public services, and ultimately, in business and the economy would be the main focus of the works at the Kutaisi technology hub.
Around 40 companies showcasing their products and services across three distinct pavilions were included in the Georgian delegation, supported by Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports.
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