05.Jun .2022 16:00

Georgian Construction Sector expected to grow by 20%

Georgian Construction Sector expected to grow by 20%
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Development and construction sector of Georgia will increase by 20% this year, Goga Tkhelidze, Deputy General Director of TBC Group, believes. In his interview with BMG, Tkhelidze explained that heightened demand for real estate will create additional incentives for supply.

As for the overall growth of the banking sector, the banker predicts it to be within 15%.

In my judgment, overall growth in the business direction will be 15%, or may be larger. As for the development and construction sectors, the growth might be higher, since migrants’ inflow has already contributed to increased prices and demand. Accordingly, since a fillip to supply is provided, I expect around 20% growth, says Tkhelidze during an event hosted by TBC on macroeconomic performance and business development opportunities in Georgia and the region.