Huge foreign direct investments in Georgia fall to industry

Business Materials 23 March 2010 13:02 (UTC +04:00)

Georgia, Tbilisi, March 23 / Trend N. Kirtskhalia /

According to preliminary data from the Georgian State Statistics Department, the largest share of foreign direct investments in the country last year fell to industry.

Roughly $204.1 million were invested in the economy. The figure hit 26.9 percent of the total investments.

After industry, the most funds were invested in transport and communications. During the reporting period, about 153.6 million were invested in this sphere, or 20.2 percent of the total investments.

About $134 million (17.7 percent) were invested in the hotel and restaurant business, $132 million (17.4 percent) in real estate, about 79.7 million (10.5 percent) in construction, about 45.3 million (six percent) in banking, and roughly 10.3 million (1.3 percent) in other spheres.