The foreign direct investments (FDI) in Georgia amounted to USD 616.9 million in 2020 (preliminary data), down 52.9 percent from the same period of the previous year, - Geostat reprots. Transferring of ownership from non-resident to the resident units in several companies is considered to be the main reason for the decline of FDI which reduced the value of foreign direct investments by 340.5 million US dollars. According to Geostat, $ 560 million in total investment was reinvestment, which was 90% of FDI.
In 2020, the following companies, in no particular order, executed the most FDIs in Georgia:
• IDS Borjomi Georgia
• JSC Corporation Poti Sea Port
• JSC RMG Copper
• LLC RMG Gold
• JSC Dariali Energy
• JSC Metro Avrasya Georgia
• LLC Enka Renewables
• JSC Georgia Capital
• JSC BGEO Group
Breakdown of FDI by Economic sectors:
Hotels and restaurants - $ 221 million down, $ 120 million was invested in 2019 (decrease of $ 341 million)
Energy - $ 6 million, decrease of 98% y-o-y
Transport - $ 13 million, decrease of 77% y-o-y
Manufacturing - $ 68 million, decrease of 41% y-o-y
Communications - $ 48 million, decrease of 33% y-o-y
Healthcare and Social Assistance - $ 10 million, decrease of 25% y-o-y.
The largest share of FDI was registered in the financial sector, totaling USD 400.3 million. The mining sector was the second with USD 101.5 million, followed by the real estate sector with USD 71.8 million.
Financial sector - 400 million USD, increase of 47% y-o-y
Mining industry - 101 million USD, increase of 94% y-o-y
Real Estate - 72 million USD, increase of 729% y-o-y
Construction - 62 million USD, increase of 76% y-o-y
Agriculture, fishing - 9 million USD, increase of 56% y-o-y.
