Q3 of 2017: Georgia attracts $595m in foreign direct investments

The Netherlands, Azerbaijan and China heavily invest in Georgia. Photo by N.Alavidze/Agenda.ge
Agenda.ge, 11 Dec 2017 - 12:23, Tbilisi,Georgia

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

These are the top three sectors that enjoyed 61.6 percent of all foreign direct investments (FDIs) that Georgia attracted in the third quarter (Q3) of 2017.

In particular, FDI by major economic sectors in Q3 2017 was the following:

  • Transports and communications: $177.8 million (29.9 percent of all FDIs)
  • Construction: $116.2 million (19.5 percent of all FDIs)
  • Energy: $72.3 million (12.2 percent of all FDIs)

Overall, Georgia attracted $594.5 million in FDI in Q3 of 2017, said Geostat.

This is a 17.6 percent increase compared to the adjusted data of the same period of the previous year.

The top three countries that invested the most in Georgia during this period were:

  • Azerbaijan: $154.1 million (25.9 percent of all FDIs)
  • Turkey: $138.6 million (23.3 percent of all FDIs)
  • United Kingdom: $63.4 million (10.7 percent of all FDIs)

Meanwhile, the FDI in Georgia amounted to $1.34 billion so far this year - 2.9 percent increase year-on-year.

The National Statistics Office noted that the adjusted data will be published on August 15, 2018.