Economy Minister visits aircraft production in Israel
Friday, March 11An identical factory is being built in Tbilisi
A top Georgian official is in Israel to meet local authorities and to visit the country’s leading aircraft production factory – whose analogue is currently being built in Tbilisi, Georgia.
Today, the Vice Prime Minister of Georgia and Minister of Economic Dimitry Kumsishvili visited factories belonging to Israel’s leading aircraft components and parts producer, Elbit Systems - Cyclone Ltd.
The corporation started building a similar plant in Georgia in September 2015 on the territory of Tbilisi's Shota Rustaveli International Airport, which when complete will produce civil aircraft parts for Boeing, Airbus and Bombardier passenger planes.
The total cost of the factory is expected to reach $85 million USD. The project is being jointly financed by Georgia’s Ministry of Economics, a state-owned shareholding company, the Partnership Fund (PF), and Elbit Systems – Cyclone Ltd.
Kumsishvili said the factory will be completed next year and employ 300 locals, who will all gain specialist training as taught by Israeli experts.
It is expected that the new facility will produce civil aviation composite parts that have a competitive advantage in the world market, and on-sold to the airline industry.
More specifically, the plant will produce parts such as doors, aerodynamic surfaces and control panels.
The plant will export 100 percent of the produced products. (agenda.ge)