Georgia is distinguished by new projects and GDP growth for investors, - according to the CEO of a large investment holding Georgia Capital.
Irakli Gilauri said that last year the holding brought the large Spanish Aqualia to Georgia, which planned to make significant investments in the water supply sector.
According to him, despite the pandemic and the war, stability was maintained in Georgia, which was also reflected in the inflow of investments, and in 9 months of 2022, FDI of USD 1.7 billion was invested in Georgia.
"In 2022, we brought one of the largest investors, Aqualia, who bought 80%-share of GWP. Despite the pandemic and war, Georgia has shown stability and investments have increased. These indicators are also impressive - USD 1.7 billion of investments were made in the first nine months.
We can also see GEL exchange rate has strengthened. In fact, the exchange rate measures the pulse of the economy. Investor sentiment was ultimately positive. It should also be noted that the economic growth that Georgia showed between 2021-2022 was 10-10.1%. Georgia does not remember such a figure two years in a row.
Why there is such a large GDP growth? Because, the economy policy led by the government, the prime minister, was absolutely correct. This led to the attraction and inflow of investments", says Irakli Gilauri, Executive Director of Georgia Capital.
