Georgia’s government places strong emphasis on attracting both domestic and foreign investment, and 2025 has been particularly successful in this regard, Minister of Economy and Sustainable Development Mariam Kvrivishvili said. Speaking at a session titled “Trade, Investment, and Sustainable Development in the Face of Global Challenges” held within the framework of the Conference of Ambassadors, she noted that coordinated efforts have resulted in a record USD 6.6 billion in investment inflows this year.

The Minister highlighted a major upcoming investment by Eagle Hills, which plans to launch large-scale projects in two key locations—Gonio and Tbilisi. According to Kvrivishvili, the developments will create new destination multi-complexes combining hotels, accommodation and dining facilities, as well as residential spaces.

She stressed that the project is of strategic importance for the country and carries no risks, despite ongoing public speculation.

“There has been a great deal of speculation around this project, and unfortunately, positive initiatives are often subject to misinterpretation,” Kvrivishvili said. “We have repeatedly explained that this is a beneficial project and that it involves no risks.”

The Minister clarified that the Georgian state has not undertaken any financial obligations or provided guarantees to the investor, despite the unprecedented scale of the investment. She added that, unlike in some other countries where Eagle Hills operates, the Georgian government has not assumed any financial or other commitments under this project.

Kvrivishvili further noted that the state will hold a 33 per cent stake in the joint venture, creating an additional source of revenue for the national budget.

She outlined the project’s expected economic impact, stating that it is projected to generate approximately 11 billion lari in economic benefits and create around 25,000 jobs during the construction phase. Once operational, about 8,000 permanent jobs are expected in Gonio and Tbilisi. Annual tax revenues are projected to reach at least 500 million lari after construction begins, while the state’s annual income from its 33 per cent share is estimated at around 200 million lari once the project is fully operational.

Addressing concerns about so-called “Arabisation,” the Minister dismissed such claims, stating that the investment has no link to increased migration.

“There is no connection between the sale of apartments and the granting of residence rights,” Kvrivishvili said. “This is a clear and firm position, and no such provisions exist in the current agreement.”