Eagle Hills and the Ministry of Economy and Sustainable Development of Georgia

The signing coincided with the official visit of the President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, further confirming the strengthening of bilateral relations between the two countries.

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From the signing of the agreement, Photo: Eagle Hills Montenegro
From the signing of the agreement, Photo: Eagle Hills Montenegro
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Eagle Hills and the Ministry of Economy and Sustainable Development of Georgia have signed a framework agreement worth USD 6,5 billion for the development of two capital projects – Tbilisi Waterfront and Gonio Yachts & Marina.

The signing coincided with the official visit of the President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, further confirming the strengthening of bilateral relations between the two countries.

The projects, with investments of over $6,5 billion, will contribute more than $7 billion to Georgia's GDP over the next decade, create more than 31.000 new jobs and attract more than $10 billion in foreign direct investment. In addition, more than 370.000 new tourists are expected annually, with strong effects on construction, trade, logistics, tourism and hospitality.

Tbilisi Waterfront, located on the slopes overlooking the river and the city, and Gonio Yachts & Marina in Batumi, on the Black Sea coast, are becoming symbols of modern urban development while preserving nature and cultural heritage. Sustainability, innovation and environmental protection are at the heart of both projects.

Founder and President of Eagle Hills, Mohamed Alabar, emphasized that these projects represent a long-term commitment to Georgia, which has enormous potential to become a global destination for living, tourism and investment.