Georgia to Produce Aircraft Parts
An $85 million factory equipped with modern technologies will produce high quality aircraft parts including doors, aerodynamic surfaces and control panels. The project is being implemented by the Ministry of Economy and Sustainable Development, the Partnership Fund, a state-owned shareholder company, and Elbit Cyclone, an Israeli company.
According to the project representatives, with the help of Elbit, the factory will attain all certificates necessary to enter the aviation market. The products will be used by large enterprises of the field such as Boeing, Airbus and Bombardier.
“With the implementation of such projects, we support the development of high-tech production, which correspondingly gives an example to other brands to develop their business in Georgia,” said Irakli Kovzanadze, the Executive Director of the Partnership Fund.
The project will employ 300 local people, who will be trained by leading specialists, while highly qualified specialists will arrive from Israel. As stated by the representatives, 100% of goods will be export-oriented which is expected to positively affect the country’s trade balance.