"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, August 26, 2008

The Boy David speaks

More from the Boy David and the FCO here


y said...

Here's a pic of the boy David deep in discussion...

perhaps him & the Nato guy were discussing the recent appointment of Alan Middleton as the CEO of (newly formed) Poti Seaport Corporation & how Mr Middleton's (early?) reports of an "attack [that] had killed 11 port workers, including three employees of the company, and injured 20. But the port only suffered minor damage...".

Mr Middleton (of whom nothing can be found on-line regarding his '25 years port operations management' experience) fed the FT stories...

Can the Postie dig up anything else on Mr Middleton or the tp-group.org?

ziz said...

Stored away is this litle snippet "The deputy ruler of the Gulf emirate of Ras Al-Khaimah (RAK), Sheikh Saud bin Saqr Al-Qassimi, is visiting Georgia to look into further investment opportunities.

Ras Al-Khaimah, which is in the north of the United Arab Emirates (UAE), is the source of a number of investment projects in Georgia, through its real estate company Rakeen Development.

On June 16 (this was'07)the RAK deputy ruler visited Georgia’s Black Sea port of Batumi in Adjara and on the same day he held a presentation of a real estate development plan in Tabakhmela, near Tbilisi

RAKAI invested later in Poti port.There does seem to be some confluence of interests of the old Sheikh and the Khazak end.

Then earlier this year

"Prime Minister Lado Gurgenidze has left for the United Arab Emirates (UAE) for a three-day working visit, his press office reported.

He will hold talks with executives from the Saqr Port in Ras Al Khaimah and Dubai World, as well as officials from the Jafza free economic zone in Dubai. The PM is also due to meet Omar Bin Sulaiman, the head of the Dubai International Financial Centre.

The Georgian parliament began on February 12 consideration of a government-proposed comprehensive economic package, which, among other things, envisages the establishment of a financial center and free economic zone in Georgia.

A consortium of UAE’s Dubai Ports and Jafza free economic zone in Dubai is vying with two other companies to lease Poti Port and 400 hectares of adjacent land for 49 years so as to create a free economic zone. The two other companies are Germany’s Hamburger Hafen und Logistik and the UK-based Hutchison Westports, which is part of the Hutchison Port Holdings Group.

and then in Jan this year

"Three companies and one consortium remain in the race to lease Poti Port and 400 hectares of adjacent land for 49 years so as to create a free economic zone, the Georgian Ministry of Economy said on January 25. Twelve companies had initially bid.

The bidders are:

• consortium of UAE’s Dubai Ports and Jafza free economic zone in Dubai;
• Investment Authority of the UAE’s Ras Al Khaimah emirate;
• Germany’s Hamburger Hafen und Logistik;
• the UK-based Hutchison Westports, which is part of the Hutchison Port Holdings Group;

Vakhtang Lezhava, the first deputy economy minister, said “competition is high.” “After studying all these proposals, we will give these companies additional time, till February 15, to offer additional proposals,” he said. “We expect to have very good proposals in one or two months.”

Originally there had been 10 bids.

It is not impossible that this was in some way undesirable for Abkhazia as the Russkis have been trying to develop their Black Sea coast - now very tourist oreiented bu they want to develop a 12 month economy.

Hence their esire to shit it down.

You open up an interesting line of enquiry.

Remarkable level of interest in the port.

y said...

Tbilisi (GBC) - Poti Seaport Corporation will bring action before the International Court against Russia, said Alan Middleton, Poti Seaport Corporation director, at a special briefing on August 9...

Why would the Corporation bring the ICJ actions? No mention of the Poti boys at the ICJ website, however, some bods have been busy on Georgia's behalf submitting stuff. Georgia & Russia will be having it out at the court hearings scheduled for Monday 8 to Wednesday 10 September 2008.

As you say, an interesting line of enquiry...

ziz said...

THis is a must read at Cryptome which akes the Putin plans cleareer - simply control the export of caucasian oil (which they used to as USSR)by controlling the land side (at least) of the Georgian Black sea coats - Poti / Batumi.


Anonymous said...

Unified timeline of the Georgia/Russia conflict.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish