Objectives of the EoI

The EoI overall objective is to implement the specific policy objectives of MEPA and RDA as outlined above through the IAZ Greenhouse Cluster Development.

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Specifically, Respondents:

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• Must agree to be committed to employment and development outcomes, creating a high number of employment opportunities for local labor is an agreed policy objective of this EoI;

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• Must agree to grant IAZ a right of first refusal to repurchase the land, including such cases where non-Georgian investors purchase plots as offered by IAZ;

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• Must agree to not sub-divide and onsell the land until agreed development outcomes are delivered and agreed FTE’s are achieved. IAZ is to be granted a call option to repurchase the site if the employment, development, and subdivision moratorium commitments are not honored.