PM Kobakhidze: Georgia’s attractive investment climate recently drew largest FDI in country’s history

Georgia’s “attractive investment climate” has recently attracted the largest foreign direct investment in the country’s history - a $6.5 billion project by the global real estate developer Eagle Hills, Prime Minister Irakli Kobakhidze announced during the Georgia – Nexus for Investment panel at the Tbilisi Silk Road Forum.

He added the “strategic investment” would create thousands of high-paying jobs, stimulate the growth of related sectors and further strengthen Georgia’s position as a leading investment destination in the wider region.

“Georgia has one of the most attractive investment environments in the wider region. Backed by business-friendly reforms, reliable policies and strong institutions, our liberal trade regime, minimal bureaucracy and efficient customs services ensure smooth business operations”, Kobakhidze said.

He noted that as a result of these efforts, Georgia ranked among the top 10 countries globally in the World Bank’s new B-READY Index for trade performance. Free trade agreements with the European Union, China, European Free Trade Association, Commonwealth of Independent States, Turkey and other countries give Georgia tariff-free access to markets with over 2.3 billion consumers.

“Our FDI landscape is diverse and stable, covering key sectors such as financial services, energy, manufacturing, real estate and trade. Georgia ranks fourth among 120 countries for investment attraction in the Chandler Institute’s Good Governance Index”, Kobakhidze added.

He noted the Eagle Hills investment would transform Georgia’s urban landscape, create new economic opportunities and solidify the country’s reputation as a regional hub for investment, connectivity and sustainable growth.