Georgia’s foreign direct investment (FDI) in first quarter of 2010 was down to USD 75.7 million, 41.5% decline over the same period of last year's USD 130 million, according to preliminary report by state statistics agency, Geostat.
Turkey was the largest investor in January-March, 2010 with USD 20.3 million or 26.8% of total FDI, followed by the Czech Republic - USD 19.8 million (26.1%); Egypt - USD 18 million (23.8) and Japan USD 15.7 million (20.7).
Industrial sector drew USD 24.2 million or 31.9% of total FDI in the first quarter and energy sector – USD 19.4 million or 25.6%.
FDI fell to USD 759.1 million in 2009, down from USD 1.56 billion in 2008. United Arab Emirates and Egypt made almost half of the country’s FDI last year with USD 169.8 million and USD 167.5 million, respectively.