Historic Investment in Georgia: Emaar Properties and Eagle Hills to Transform Tbilisi and Gonio

 In a landmark development for Georgia, Emaar Properties and its sister company Eagle Hills have committed to investing a staggering $6 billion into two major development projects in Tbilisi and Gonio. This historic agreement marks the largest single investment in the country’s history and paves the way for unprecedented growth in Georgia’s economic and urban landscape.

A Milestone Moment for Georgia

The investment agreement was formalized during the visit of Georgian Prime Minister Irakli Kobakhidze to the United Arab Emirates. The signing ceremony took place at the residence of UAE President Sheikh Mohammed bin Zayed Al Nahyan, underscoring the significance of the partnership between the two nations. The event was attended by top officials, including Georgian First Vice Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Chairman of the Government of the Autonomous Republic of Adjara Tornike Rizhvadze, and Mohamed Ali Rashed Alabbar, Founder and Managing Director of Emaar Properties.

Transformative Projects in Tbilisi and Gonio

The agreement outlines the development of two massive projects, one in the capital city of Tbilisi and the other in the coastal area of Gonio. While specific details about the projects have yet to be unveiled, the scale of the investment indicates a transformative impact on urban development, tourism, and the overall economy. These projects aim to enhance Georgia's appeal as a regional hub for business, culture, and tourism.

Strengthening UAE-Georgia Relations

This investment is a testament to the strengthening ties between Georgia and the United Arab Emirates. The partnership reflects shared economic interests and the growing trust between the two nations. By leveraging Emaar Properties’ global expertise in large-scale developments, Georgia is poised to benefit significantly from this collaboration, both economically and culturally.

Looking Ahead

The announcement has generated widespread excitement and optimism in Georgia, with expectations that these projects will create thousands of jobs, attract further foreign investments, and elevate the country’s global standing. As details of the developments in Tbilisi and Gonio unfold, the projects are expected to set a new benchmark for urban and regional development in Georgia.

With this historic agreement, Georgia takes a monumental step forward in its journey of growth and modernization, cementing its position as a key player in the region and a promising destination for international investors.