Emaar Properties/Eagle Hills, a leading development company, will invest $6 billion in Georgia—marking the largest investment in the country’s history. The memorandum of cooperation was signed in Abu Dhabi during the visit of Georgian Prime Minister Irakli Kobakhidze.

The signing ceremony was held at the residence of the President of the United Arab Emirates and attended by Prime Minister Irakli Kobakhidze and UAE President Sheikh Mohamed bin Zayed Al Nahyan.

The memorandum was signed by 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 Alabbar, Founder and Managing Director of Eagle Hills.

The agreement outlines two major development projects, which have been under study by the Ministry of Economy and Sustainable Development and the Government of Adjara for several months.

Preliminary assessments of these projects have already been completed. According to the Prime Minister of Georgia, this historic investment will elevate the country’s development sector to a new level of quality.

“Today, we signed a memorandum for an unprecedented $6 billion investment in Georgia by the renowned EMAAR Group, a company with extensive experience in large-scale investments. This multifunctional development project will create modern infrastructure in Tbilisi, Batumi, and Gonio, significantly boosting our economy, accelerating growth, and generating new jobs. This initiative is also expected to attract additional investors to Georgia.

I sincerely thank our partners and friends from the United Arab Emirates, EMAAR Group, and its chairman, Mr. Alabar, for their collaboration. Today’s agreement marks a pivotal step in our country’s economic development,” the Georgian PM stated.