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TAV Georgia Leads The List Of Top Investors In Georgia – 3Q21

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Natia Taktakishvili
16.12.21 14:30
350
Foreign direct investments (FDI) in Georgia amounted to $ 728.4 millionin the first three quarters of the year, which is 3.2% more than in the previous year. In the third quarter, investments amounted to $ 299 million, which is 1.4% more than the previous year, - show the preliminary data from the National Statistics Office of Georgia (Geostat).

According to Geostat, TAV Urban Georgia, managing company of Tbilisi and Batumi International Airports, leads the list of TOP-Investor in Georgia in 3Q21.

Despite the pandemic, the company did not stop investing and this year, GEL 9 million was invested in Tbilisi International Airport in total.

"As you know, airport operating requires annual renewal and development, including infrastructure, services or equipment. We have invested $ 220 million in Georgia since 2005. Despite the economic crisis caused by the COIVD-19 pandemic, we have not stopped investing in Georgia. In 2020, we launched the Batumi International Airport Expansion Project and opened a completely renovated airport in March 2021, with a total investment of $ 17 million.

Also, in 2021, we invested $ 2.5 million in the construction of a new runway (G) at Tbilisi International Airport. Including this project, the total capital expenditures at Tbilisi International Airport exceeded GEL 9 million in 2021," the company said.

Tbilisi International Airport is back to the pre-pandemic levels by 38.04% in 9M2021. According to the National Civil Aviation Agency, the airport has served 1 130 437 passengers in this period.