Foreign Direct Investment

FDI in Georgia: Almost 4% Increase in First Quarter of 2017

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Photo: Reuters

Georgia received $403 million in the form of Foreign Direct Investment (FDI) in January-March 2017. Georgia’s FDI increased by 3.7% compared to the same period in 2016, according to a report published today by GeoStat.

Georgia’s Largest Investors in January-March 2017 and Growth Year-on-Year

Azerbaijan - $97 million, 30% decrease y/y

Turkey - $82 million, 43% increase y/y

United Kingdom - $80 million, 81% increase y/y

United Arab Emirates - $39 million, 3800% increase y/y

Cyprus - $22 million, 214% increase y/y

The Netherlands - $20 million, 5% decrease y/y

USA - $16 million, 77% increase y/y

Malta - $14 million, 100% increase y/y

Panama - $12 million, 300% increase y/y

Other - $22 million, 79% decrease y/y

Panama, an offshore financial zone, is on the list of Georgia’s 10 largest investors in the first quarter of 2017.

The most popular sector for foreign investment was transportation and communications, which received $141 million in the first quarter of 2017. Real estate followed with $80 million in total foreign investment.

Most Popular Investment Sectors and Growth Year-on-Year

Transportation and Communications - $141 million, 31% decrease y/y

Real Estate - $80 million, 280% increase y/y

Finance - $80 million, 37% increase y/y

Construction - $56 million, 184% increase y/y

Hotels/Restaurants - $16 million, 16% decrease y/y

Mining Industry - $9 million, 28% increase y/y

Energy - $7 million, 83% decrease y/y

This is based on preliminary data published by GeoStat and may be subject to change.

 

 

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