...

Construction sector ranks 4th in foreign direct investments in Georgia

Construction Materials 12 December 2020 12:50 (UTC +04:00)
Construction sector ranks 4th in foreign direct investments in Georgia

BAKU, Azerbaijan, Dec.12

By Tamilla Mammadova – Trend:

Construction is not among the largest sectors of foreign direct investments in 3Q2020, while from July through September 2019 in Georgia, the sector was ranked as the 4th with an investment of $43.4 million, Trend reports via the National Statistics Office of Georgia (Geostat).

As reported, the sector accounted for 10.4 percent of the largest economic sectors according to the FDI.

TOP-20 companies investing in Real Estate in Georgia in 3Q2020:

• Representation of the State Oil Company of the Republic of Azerbaijan (branch) in Georgia;
• Apollo GS Ltd;
• GMT Real Estate Ltd;
• UAI Georgia Ltd;
• CHEMONICS INTERNATIONAL INC (Chemonics International Inc.) Branch Chemonics Georgia;
• Pixel Invest Group Ltd;
• Rakeen Uptown Development Ltd;
• Alma Ltd;
• Citizens Network Branch for Foreign Affairs - CNFA Georgia;
• Titan City Ltd;
• Representation of Megawatt Service Ltd in Georgia;
• TBC International Ltd;
• CMX Solutions Ltd;
• Otium Ltd;
• Pekin Avenue N11 Ltd;
• Alabvaz Real Estate Company Ltd;
• Solid Square Ltd;
• Siem Tech Ltd;
• DS GROUP DS GROUP;
• Sylphi Ltd.

Foreign direct investments (FDI) in Georgia amounted to $302.6 million in 3Q2020, down by 23.6 percent from the adjusted data of 3Q2019 and up 25.2 percent from the data of 2Q2020.

The three major foreign direct investor countries were: the UK ($117.7 million), the Netherlands ($79.3 million), and the US ($24.2 million).

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest