In the first half of 2016 Georgia earned $834 Million from foreign direct investments (FDI), an 11% increase on last year. The ten largest investors make up 84% of the total FDI in Georgia.
Azerbaijan is Georgia’s largest foreign investor, having invested $283 million in the construction of the Shah Deniz pipeline.
The list of the largest foreign investors is as follows:
10) USA - 22 Million USD
9) Cyprus - 22.2 Million USD
8) Austria - 22.4 Million USD
7) Panama - 30 Million USD
6) South Korea - 32 Million USD
5) Czech Republic - 38 Million uSD
4) The Netherlands - 42 Million USD
3) Turkey - 85 Million uSD
2) The United Kingdom - 108 Million USD
1) Azerbaijan - 283 Million USD
Most of the investments were made in transport and communication ($377 Million USD) and in the finance ($118 Million USD) and energy sectors ($85 Million USD). Investment in energy was falling in 2014 and 2015 but the data released on 2016 would suggest that it is rising.
Investment in the mining industry fell by almost half from $64 million in the first half of 2015 to $23 million this year. Investment in manufacturing fell by $5 million to $31 million.
The tax haven Panama also made the list of top 10 largest FDI investors as Georgian businesses have been known to use offshore accounts for reinvestments.
This is based in preliminary data published by Geostat and may be subject to change.