Investors are interested in cooperation with Georgia in the fields of energy and agriculture
The investment potential of Georgia was discussed during a meeting between Prime Minister Irakli Garibashvili and Chairman of the Israeli holding Mivtach Shamir Meir Shamir in Tbilisi, the press service of the Government Administration reported.
The parties considered the prospects for further cooperation, including in the fields of energy and agriculture.
The conversation also touched upon Georgia’s strategically important location, the growing number of foreign visitors and favorable tax conditions in the country.
Mivtach Shamir is one of the largest holdings that has been operating on the Israeli market in real estate, energy, finance and technology for more than 30 years. The company also has a presence in India and the US.
According to statistics, against the background of the coronavirus pandemic, the volume of foreign direct investment in Georgia in 2020 decreased by 57.2% compared to 2019, and amounted to $572 million. Already in 2021, the volume of investments has doubled and amounted to $1.2 billion.
Already in the first quarter of 2022, the volume of foreign direct investment in Georgia increased by 4.3 times compared to January-March 2021 and amounted to $568.2 million.
