Baku, Azerbaijan, July 26
By Tamilla Mammadova – Trend:
Transportation sector of Georgia accounted for 7.9 percent of GDP in 2018, Trend reports via research of Galt & Taggart, a leading investment banking and investment management services company in Georgia.
The transport and logistics sector also accounted for the second most FDI (Foreign direct investment) in Georgia in 2018. The sector attracted over $3.7 billion, nearly a quarter of total FDI received by Georgia during 2007- 2018. Georgia’s sea ports handled 15.1 million tons of cargo in 2018 down, 7.2 percent.
Poti port remains the major port on the Georgian coast, accounting for 41.7 percent of total freight cargo handled, or 6.3 million tons in 2018.
Over 2017-2018 cargo flows in Batumi and Kulevi ports decreased 12.3 percent and 11 percent, respectively. On a positive note, in March 2018, Batumi Sea Port and Wondernet Express International Logistics Company agreed to build a new terminal in Batumi port. This terminal is for transporting mineral fertilizers from Central Asia. The terminal will be a new logistic corridor and most effective route from Central Asia to the Black Sea.