Georgia’s Minister of Economy and Sustainable Development, Mariam Kvrivishvili, announced the signing of a landmark $6.5 billion investment agreement with UAE-based developer Eagle Hills, calling it the largest in the country’s history. The partnership will drive large-scale development projects in Tbilisi and Gonio, creating thousands of jobs and boosting tourism and economic growth.

Kvrivishvili highlighted that the Georgian state will hold a 33% ownership stake in the joint company, ensuring both public benefit and long-term budgetary returns. She underscored that the land designated for the projects in Krtsanisi and Gonio will remain partly state-owned.

Praising Georgia’s stable and predictable investment environment, the minister said these conditions continue to attract major international investors. The agreement was officially signed on October 22 by Kvrivishvili and Eagle Hills founder Mohamed Ali Alabbar.