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Georgia expands list of countries to from which to attract investment

Business Materials 22 September 2010 14:12 (UTC +04:00)

Georgia, Tbilisi, September 22 / Trend N. Kirtskhalia /

Georgia's Minister of Economy and Sustainable Development, Vera Kobalia, has told foreign media she aims to attract $1billion in foreign direct investment (FDI) into Georgia by late 2010, with FDI to be intensified in the fourth quarter.

Kobalia said that besides investment from the U.S., Great Britain and the United Arab Emirates, Georgia is trying to attract FDI from other countries.

"We try to be diverse, paying attention to Asia. We are interested in China, India and South Korea," Kobalia said.

According the Georgian Statistics Agency, Georgia has received $272 million in FDI since early 2010.

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