Feb 28, 2025
GEORGIA GROWTH FUND AND CHINESE LOGISTICS GIANT SIGN MOU FOR 50,000 SQM WAREHOUSE HUB, BOOSTING TRADE AND INVESTMENT TIES IN GEORGIA
On February 25, 2025, Georgia Growth Fund signed a Memorandum of Intent with SHAANXI NORTHWEST METAL LOGISTICS CO., LTD.
Shaanxi Northwest Metal Logistics is an experienced company and one of China’s largest industrial-logistics centers, operating in the market for over 20 years. It owns more than 700,000 square meters of warehouse facilities in the city of Xi’an.
Both parties aim for long-term cooperation, which includes investments in Georgia to develop a sustainable and inclusive business model for a logistics center and an industrial park.
Based on the memorandum, the investor will begin market research and site identification in March 2025.
The project involves the construction of a warehouse logistics hub with a minimum area of 50,000 square meters.
According to preliminary estimates, the project's approximate cost is $40,000,000.
