Tbilisi: Azerbaijan has significantly increased its financial engagement in Georgia, investing 105.2 million USD in the country’s economy within the first nine months of the year. The largest investment influx, amounting to 56.7 million USD, occurred during the third quarter. Earlier in the year, Azerbaijan invested 24.9 million USD in the first quarter and 23.6 million USD in the second quarter.
According to Azeri-Press news agency, the investment volume saw a substantial year-on-year increase of 49.5 million USD, translating to a 1.9 times surge. In the third quarter alone, Azerbaijani investments constituted 10.6% of the total foreign direct investments in Georgia, placing Azerbaijan fourth among the top ten investing countries. The leading investors were the United States with 93.5 million USD, followed by Spain with 72.1 million USD, and Trkiye with 70 million USD.
During July to September, the invested capital was primarily allocated to sectors such as real estate, transportation, water supply and waste management, manufacturing, information and communications, trade, construction, hotels and restaurants, entertainment and recreation, and financial and insurance activities. The overall foreign direct investment in Georgia for the third quarter totaled 533.2 million USD, marking a twofold increase compared to the same period last year.