Georgian PM outlines energy self-sufficiency, digital hub ambitions in interview with Gulf News

Georgian Prime Minister Irakli Kobakhidze on Wednesday highlighted vast investment opportunities in Georgia’s energy sector, particularly in hydro, wind, and solar, with a plan to achieve electricity self-sufficiency by 2030 and transform Georgia into a digital hub.

In his interview with the UAE publication Gulf News, Kobakhidze detailed the country’s ambitious energy strategy, aiming for eight gigawatts of electricity capacity by 2028 and ten by 2030, enabling self-sufficiency and electricity exports to Europe through the Black Sea submarine cable.

“There is huge scope for investment activities in the energy sector, with a focus on hydro, wind and solar energy. Georgia is rich in these resources, and we have a clear plan to steadily increase our electricity capacity to eight gigawatts by 2028 and ten gigawatts by 2030. This will ensure Georgia becomes self-sustainable in terms of electricity supply, while the Black Sea Submarine Cable Project will enable us to export electricity to European countries and position Georgia as a digital hub”, he said.

The Prime Minister identified energy, tourism, agriculture, real estate, and information technology as key investment sectors, emphasising Georgia’s commitment to sustaining economic growth and leveraging its resources to become a regional digital and economic hub.

“Other advantageous sectors to invest in include tourism and agriculture, which are traditional pillars of the economy. Real estate is a growing sector in the Georgian economy too. Meanwhile, there has been a rapid increase in growth in the IT sector since 2021, and we want to further strengthen this sector of the Georgian economy. We are covering all of these sectors and are focused on sustaining Georgia's progress”, Kobakhidze concluded.