Marneuli Stone

Marneuli Stone

Project Profile:

This is one of two dimension-stone processing investments opportunities we are featuring. Eastern Georgia’s rich natural stone resources—with abundant limestone, granite, and marble quarries in the area—make the stone processing industry an extremely promising investment. This project features a potential plant in one of two strategic locations in Eastern Georgia: either in the Marneuli regional center or in the suburbs of Tbilisi. Both can generate dimension-stone products at international standards while at the same time taking advantage of the industrial concentration in Marneuli or the capital city of Tbilisi with its burgeoning construction industry. Depending on the investor’s business plan, the Georgian government is ready to provide land in an industrial area with access to resources like electricity, water etc. This investment will involve equipment and infrastructure. The estimated investment for the Eastern Georgia stone-processing project is USD 2-3 million (depending on location) with a 5 year IRR of 30%.


• Global market size of dimension stone industry (2013) – USD 54 billion
• Annual growth rate – 7.5%

Advantages of Georgia:

• Duty free export to the EU, US, CIS and other regions with a total population of 2 billion
• Existing infrastructure and communications
• Inexpensive resources such as electricity, labor and water
• Advantageous geographical location: easily accessible European
and Asian markets via the Black Sea ports of Poti and Batumi
• Wide variety of natural, decorating and construction stones (231 registered deposits, 1.5 B m3 in total)
• High quality physical-mechanical characteristics, extensive color range, texture and natural designs
• Import of dimension stone (2014) – $16 million, annual growth rate – 37% (since 2009)
• Lack of local production allows for a great potential of import-substitution
• Deep and Comprehensive Free Trade Area (DCFTA) between Georgia and the EU

Project Description:

• Company location – Marneuli, Kvemo Kartli
• Manufacturing input – both imported and local Georgian natural stone blocks (granite, marble, diabase, basalt, etc.)
• Final product – standard pavement tiles and other custom order form factors
• Target market – local market and export to EU, Middle East countries, Russia, etc.
• Annual capacity – 50, 000 m2
• A detailed business plan and any other information will be provided upon request. Feel free to email us at or see the contact information below

Financial Highlights:

• Total investment: $2 million
• 3rd year revenue: $1.9 million
• 3rd year EBITDA: $1.4 million
• 5 year IRR: 30%

Governmental Resources:

The Government of Georgia provides the following financial incentives:

• Nominal price for land
• Loan/leasing subsidy through the “Produce in Georgia Initiative” (
• Equity co-financing through the Partnership Fund (
• Technical assistance through the Georgia Industrial Development Group

In Summary:

A Mountainous Profit Potential:

With its cutting-edge technology, the Eastern Georgian stone processing plant will transform the region and the industry in Georgia. This extensive project will have the capacity to process an almost unlimited variety of stones in various forms, and it will establish a value chain from the quarry to the blocks to the end products.


551176470 ENG


577772203 GEO


595655655 RUS

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