Foreign direct investment down to USD 759 mln in Geoegia last year

Foreign direct investment in Georgia fell to USD 759.1 million in 2009, down from USD 1.56 billion in 2008, statistics office, Geostat, said on March 16.

Geostat said it was a preliminary figure.

44.5% of overall FDI came from United Arab Emirates and Egypt – USD 169.8 million and USD 167.5 million, respectively.

The Netherlands was third with USD 105.7 million, followed by Turkey – USD 89.5 million; Panama - USD 73.4 million and UK – USD 63.5 million.

Industrial sector attracted most of FDI – USD 204.1 million, followed by transport and communications – USD 153.6; hotels and restaurants – USD 134 million; real estate – USD 132 million; construction sector – USD 79.7 million; banking sector – USD 45.3 million.

Foreign direct investment was USD 2.014 bln in 2007; USD 1.19 billion in 2006 and USD 449.8 million in 2005.


/Civil.ge/