David Songulashvili: "Nut crops represent one of the priority directions in agriculture and have great export potential."

 
Mr. David Songulashvili, Minister of Environmental Protection and Agriculture of Georgia, visited a modern almond orchard of the company ‘’Farmway Technologies In’’ in Bodbe, Kakheti region.


According to the Minister, investments put in almond orchards play a significant role in the modernization of Georgia’s agricultural sector, which is crucial for the country’s sustainable development.


“Nut crops are one of the priority directions in agriculture and hold substantial export potential. We visited a 220-hectare almond orchard established through private investment. It is important to emphasize that state support played a decisive role in implementing this initiative. The Government is creating a favorable investment environment in agriculture, which greatly contributes to strengthening the national economy and developing the agro-sector according to modern standards,” stated Mr. David Songulashvili.
 

‘’Farmway Technologies Inc.’’ has already invested USD 20 million in Georgia, and the next phase plans to increase investments up to USD 100 million. Currently, almond orchards cover 220 hectares in the municipalities of Signagi and Dedoplistskaro. Under new projects, the area of almond orchards will expand to 500 hectares. Additionally, the company plans to establish an almond processing plant (producing almond milk powder, oil, and extracts), as well as develop cold storage facilities and logistics infrastructure. The company is actively cooperating with the Agricultural Development Agency.


‘’Farmway Technologies Inc.’’ is a US-based fintech company that operates agricultural farms in several countries worldwide—including the USA, India, Vietnam, and Sri Lanka. The company ensures sustainable agricultural development by applying modern technologies, such as Web3, Blockchain, AI, tokenization, and other innovative approaches.


Mr. Giorgi Aladashvili, State Representative of the Kakheti region, members of the Parliament of Georgia, Mayors of local municipalities, Heads of the Agricultural Development Agency, and investors of ‘’Farmway Technologies Inc. ‘’ from Italy, France, and India, accompanied the Minister.