Energy, logistics, transport, tourism, real estate, and the IT sector have emerged as Georgia’s five most dynamic sectors over the past three years and hold significant potential for attracting foreign direct investment, according to Levan Vepkhvadze, Executive Director of the Business Association of Georgia (BAG).
Speaking on the “Business Partner” program following his participation in the Georgia Investment Forum organized by the London Stock Exchange, Vepkhvadze emphasized that Georgia’s macroeconomic stability, along with its harmonized regulatory environment, positions the country as a competitive and investor-friendly destination.
“We are a country with well-organized customs and administrative procedures. Since adapting to European directives, our framework has become familiar to international investors,” Vepkhvadze said.
He also highlighted the energy sector as a key opportunity area but cautioned against overreliance on state incentive schemes without attracting tangible capital.
“Having dozens of energy projects does not mean they will be implemented automatically. These projects need investors and proper positioning. Dialogue and transparency are critical,” he added.
Vepkhvadze also addressed challenges in the public-private partnership (PPP) framework, citing the example of the Namakhvani HPP arbitration case. He urged policymakers to strike a balance between investor protection and regulatory standards.
“I’d like to see steps that further strengthen investor confidence. The regulatory environment must be clearly understood, and we must find the golden mean,” he noted.
The Georgia Investment Forum, opened by First Vice Prime Minister Levan Davitashvili, brought together more than 180 participants from UK-based investment firms and Georgian businesses. The event featured presentations on investment support mechanisms and sectoral growth opportunities.
