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In page Poti:

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In April 2008, Georgia sold a 51% stake of the Poti port to the Investment Authority of the UAE’s Ras Al Khaimah (RAK) emirate to develop a free industrial zone (FIZ) in a 49-year management concession, and to manage a new port terminal. The creation of a new FEZ was officially inaugurated by the President of Georgia Mikheil Saakashvili on April 15, 2008.[2]