The Minister of Economy and Sustainable Development of Georgia Levan Davitashvili participated in the presentation of the Invest In Georgia 2020-2030 report.
The Minister elaborated on the Enterprise Georgia Agency’s successful project and the role of direct foreign investments in the development and transformation of the economy.
According to Levan Davitashvili, the positive dynamics of attracting direct foreign investments (FDI), the volume of which reached USD 2.098 billion last year, continues and exceeds USD 1 billion in the first two quarters of 2023.
The Minister noted that the geography of investments is diverse. He stressed that almost 50% comes from the EU countries, followed by the US and Persian Gulf states.
“It’s not just economic growth or numbers and results, but direct employment and new jobs. Therefore, the FDI role is big and important. In recent years, two new sectors have been formed in Georgia – IT and Business Process Outsourcing (BPO), which are key employers today,” Davitashvili said.
Director of Invest In Georgia Mikheil Khidureli presented the report. Georgian Foreign Minister Ilia Darchiashvili, Finance Minister Lasha Khutsishvili, MPs, and representatives of the diplomatic corps, international organizations and investment and business sectors attended the presentation.
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