Power engineering is one of Georgia’s attractive investment sectors in 2011
Georgia, Tbilisi, March 13 / Trend N. Kirtzkhalia /
As of the fourth quarter of 2011, the largest share of foreign direct investments fall to the energy sector of the country, the Georgian Statistics Agency reported today.
According to the statistics agency's preliminary information, Georgia received $337.5 million foreign investments during the fourth quarter of last year.
About $79.1 million was invested in the energy sector, or 12 times more than the same period of 2010.
According to the statistics agency, about $158.1 million were invested in the energy sector in the form of foreign investments.
Deputy Minister of Energy and Natural Resources Giorgi Kavelashvili said that the investors' interest in the energy sector is growing. This is reflected in the Georgian Statistics Agency's data.
The investments in this sector will grow even more in the future, because the ministry has planned to implement several major projects that will attract more investment and create new jobs.