Georgia attracts record number of foreign direct investments

Georgia attracts record number of foreign direct investments

Foreign investors have been demonstrating growing interest in various fields of Georgia's economy and especially in transports and communications, financial and construction sectors, according to the latest preliminary data of the National Statistics Office of Georgia (Geostat).

These are the top three sectors that enjoyed 60.5% of all foreign direct investments (FDIs) that Georgia attracted in 2017: transports and communications: $527.1 million, financial sector: $304.3 million, construction: $294.6 million.

According to Geostat, overall, Georgia attracted $1.86 billion in FDI in 2017. This is a 16.2% increase compared to the adjusted data of the same period of the previous year, Agenda.ge reported.

The share of reinvestments in total FDI during 2017 was 38.2%, Geostat said.

The top three countries that invested the most in Georgia in 2017 were: Azerbaijan: $482.1 million, Turkey: $279 million, United Kingdom: $250.4 million.

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