Acting Prime Minister Irakli Kobakhidze announced on Thursday that Georgia has secured $5 billion in foreign direct investments over the past 2.5 years, with a target of attracting at least $9 billion in FDI over the next four years. He expressed confidence in exceeding this goal.

Kobakhidze emphasized the importance of investment for economic growth and regional development, particularly to address the challenges posed by population migration to larger cities. To support balanced socio-economic growth, he revealed plans to allocate GEL 2.5 billion ($910 million) for regional development initiatives, including rural and mountain support, and municipal transport.

Additionally, Kobakhidze highlighted the growth of local budgets, which have increased from less than GEL 2 billion ($730 million) in 2012 to GEL 5.5 billion ($2.01 billion) this year, with projections to exceed GEL 7 billion ($2.56 billion) by 2028.