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No risk of influx: Irakli Rukhadze refutes settlement fears over Eagle Hills investment

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Fears that Eagle Hills’ planned investment in Georgia could result in large numbers of foreign nationals moving to the country are groundless, Irakli Rukhadze, the founder of Hunnewell Partners, told Business Insider Georgia as he assessed the company’s planned investment projects in the country.

“There is a major group - a truly large, verifiable and very serious group - that has expressed a desire to invest in Georgia. I don’t know the exact terms myself, so I cannot comment on them, but I can speak about the fears I’ve been hearing”, Rukhadze said. “There may be many concerns, but the main one is this: will this investment bring people here to relocate, people who may be good or may be bad?”
According to Rukhadze, such concerns are misplaced. 

“This fear is unfounded because investment and the right to settle are two completely different dimensions. You can go and buy property in the US very easily, even without visiting, but that does not guarantee you a visa - let alone the right to reside there. Property ownership and matters of residency or settlement are entirely different issues handled by different authorities, and they cannot be automatically linked unless explicitly stated in an agreement”, he continued.

Rukhadze added that he has not seen the agreement with Eagle Hills, but he strongly doubts it would include any provision granting residency rights to buyers or investors. 

“I would be very surprised if the Georgian Government delegated such authority to a private investor. And if that is not the case, then these fears are unfounded”, Rukhadze concluded.

 
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image Deputy Minister of Economy meets IMO Secretary-General Arsenio Dominguez at Maritime Summit

03.07.2026.20:07

The Deputy Minister of Economy and Sustainable Development, Tamar Ioseliani, has held a meeting with the Secretary-General of the UN International Maritime Organisation (IMO), Arsenio Dominguez, the Ministry of Economy has announced.

According to the Ministry, the meeting took place on the sidelines of the Turkish Maritime Summit.

“The discussions focused on ongoing reforms in the maritime sector, the implementation of international standards, and opportunities to strengthen future partnerships. Particular attention was paid to maritime safety, support for seafarers, digital transformation, and bolstering Georgia’s role as a vital maritime hub in the Black Sea region.

Discussions focused heavily on developing Georgia’s transport and logistics infrastructure, with a particular emphasis on the port sector, highlighting its strategic role as a Middle Corridor hub. According to the Deputy Minister, Georgia is leveraging its geographical advantage to transform into a modern, reliable, and competitive transport and logistics hub. By 2032, the country plans to invest approximately USD 7 billion in modernising its transport network, encompassing the integrated development of maritime, rail, road, and digital infrastructure.

In this context, the Deputy Minister highlighted the Anaklia Deep Sea Port project. Tamar Ioseliani noted that marine infrastructure works, carried out by the internationally renowned Belgian company Jan De Nul, are already underway. By 2029, upon the completion of the first phase, the port’s throughput capacity will reach at least 600,000 TEU, enabling the country to accommodate large Panamax-class vessels.

It was noted that strengthening the Middle Corridor directly contributes to the resilient and seamless functioning of global supply chains. The IMO Secretary-General highly commended Georgia’s recent achievements in the maritime sector. Ivane Abashidze, Director of the Maritime Transport Agency, also participated in the meeting,” the Ministry of Economy’s statement read.

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