About Hualing Group
Hualing is a private enterprise group, which was established in 1988, Urumqi, Xinjiang, China. The company mainly operates in the field of building, managing and renting of trade centers and wholesale markets as well as hotel construction and management. The company is also engaged in foreign trade, modern livestock industry development, mining, foreign resources project development etc.
Hualing Group has 4 wholesale markets, more than 30 affiliated companies and around 3,000 employees in Xinjiang of China. Capitalization of the company reaches 3 bln USD.
Hualing Group in Georgia
In 2007, one of the biggest Chinese corporation Hualing Group first entered Georgian market and fascinated by the beauty of this country, by warmth and hospitality of Georgian people, by easy-making business conditions and professional approach of the government to investors and the president of company made decision to launch first project here.
Georgia has an advantageous strategic position. Since the origin Silk Road time, Georgia has been an important corridor on the way undertaking transfer tasks. Today, the shortest and the most convenient way from central Asia and China to Europe lays on Georgia.
Projects of Hualing Group in Georgia
According to the Geostat data, Hualing Group was named as the biggest investor of the first nine months of 2014 and is Hualing Group. Since 2007, the total investment amounts to 500 mln USD and has created more than 2,500 jobs.
Their projects cover Wood Processing License for 20 years, annually 88,000 cubic meters wood processing right; Hualing Free Industrial Zone project, located in Kutaisi City, Stone quarry license; in 2012 company became 90% shareholder of Basisbank, in 2012 started Tbilisi Sea New City project.
Nowadays, Tbilisi Sea New City is the biggest investment project launched by the company.
In 2012 the company has obtained right of development of 420 ha near the Tbilisi Sea; the first stage of project shall be completed by the end of March 2015; for that period, the total investment amount in this project will be 150 mln USD and will complete 350,000 m², including “Tbilisi 2015” Youth Olympic Village for 3,800 sportsmen.
Tbilisi Sea New City includes “Tbilisi Sea Residence” as dwelling project, where the Youth Olympic Village will take place; “Tbilisi Sea Plaza” as the biggest commercial and trading center in the South Caucasus Region; 5 star Hotels & Preference Hualing Tbilisi, which is going to be opened in the May of 2015.
Hualing Group has invested 31.17 million dollars and has reconstructed 35.92 hectares of the land into relatively completed basic facilities for FIZ. In Kutaisi Free Industrial Zone Hualing has set up timber and resource processing lines , which produce furniture , construction materials and export to neighbor countries, stone material processing plant. There is Hualing Hotel, also operating in this territory.
In nearest future, after obtaining FIZ status, this area will get more attractive for foreign companies and investors.
Hualing Group Georgia is a member of American Chamber of Commerce in Georgia and Georgian Chamber of Commerce and Industry.
Hualing Group aims to completion of ongoing projects and is also determined to invest in agricultural and winery businesses.