TIRANA, Sept 11 /ATA/- Energy is the sector that continues to lead foreign direct investment in Albania.
According to data from Bank of Albania, the FDI inflow in the form of capital expansion continues to be concentrated in the energy sector, at 38%, followed by financial mediation sector at 21%, telecommunications at 11% and the hydrocarbons sector at 7%.
Bank of Albania announces that foreign direct investments amounted to 454 million euros in the first half of this year.
While in the first quarter of 2020 foreign direct investments amounted to 227 million euros, with extraction industry and energy accounting for about 65% of overall investment.
The energy sector has the largest share of foreign investment since the beginning of 2016, thanks to the large project of the Trans-Adriatic Pipeline, but also many important works for hydropower production. Most of these investments are already towards completion with new projects well underway in this sector, mainly investments in renewable energy.
The cycle of large investments in the energy and hydrocarbons sector is expected to significantly increase the value of foreign investment for the following period.
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