SOCAR's subsidiary among Georgia's largest investors

SOCAR Midstream Operations, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has been listed among the top investors in Georgia’s economy during the fourth quarter of 2024, Report informs, citing Georgia’s Business Media publication.

Ranked among the top ten investor companies for the period, SOCAR Midstream Operations contributed to Georgia’s foreign direct investment (FDI) growth. In Q4 2024, total FDI in Georgia reached $367.5 million, marking a 24.4% increase compared to the same quarter in 2023.

The United Kingdom led foreign investments in Georgia, with 85.6% of capital directed toward the financial and insurance sector. The real estate sector attracted $65.8 million (17.9%) in investments, while the manufacturing sector followed with $23.1 million (6.3%).

Business Media reports that the leading investors in Georgia during this period were engaged in construction, pharmaceuticals, energy, oil, and logistics. The Wissol gas station network topped the list, followed by Black Sea Terminal, a cargo transportation and warehousing company, in second place. Tbilisi Energy, a natural gas supply and distribution company, ranked third.

Other significant investors included Abipharm, a pharmaceutical manufacturer; Silk Road Group, an investment company; IG Development Georgia, specializing in construction and real estate; BGeo Group, operating in finance and investment; EPAM Systems, a computer and software company; and Global Beer Georgia, engaged in beer and lemonade production.