“The interests of the state are fully safeguarded in the agreement signed with Eagle Hills,” stated Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development.

Speaking about the investment agreement under which Eagle Hills Georgia will carry out two major projects worth over GEL 6.5 billion in Tbilisi and Gonio, Nadareishvili emphasized that the arrangement strikes a careful balance between the interests of the state and those of the investor.

“Under the agreement between the state and Eagle Hills, the company is responsible for managing the projects. The state will participate through representation on the supervisory board and within the management structure, albeit in a more passive capacity. This is appropriate, as the investor possesses the necessary expertise and experience in project development and management,” he explained.

Nadareishvili added that Minister of Economy and Sustainable Development Mariam Kvrivishvili has underlined the importance of achieving an agreement that both safeguards national interests and meets the needs of the investor. “As a result, the state will hold a 33% stake in the joint venture, while Eagle Hills will be solely responsible for fully financing the projects—an essential component of the agreement,” he noted.

The Deputy Minister further discussed the anticipated economic benefits of what he described as an “unprecedented” investment. He highlighted that the initiative is expected to generate a powerful ripple effect across multiple sectors, including construction, real estate development, and tourism. Additionally, Nadareishvili stated that the projects would significantly enhance Georgia’s international standing and credibility as a prime destination for new investment.