“The government and Eagle Hills have signed a major $6.5 billion investment agreement that will have a significant and lasting impact on Georgia’s economy,” the Minister of Economy and Sustainable Development, Mariam Kvrivishvili, said.

According to Kvrivishvili, the investment will not only support specific sectors but will also contribute to Georgia’s overall economic development.

“This is a historic investment for our country — the largest in the history of Georgia’s independence. Beyond its unprecedented scale, the project will substantially strengthen the economy, creating thousands of new jobs in both Tbilisi and Gonio. As part of this investment, two new destinations will effectively be created, supporting economic growth and boosting the tourism sector,” she said.

Kvrivishvili emphasized that the agreement also ensures Georgia’s ownership stake in the venture.

“The state has become a co-partner in this major project and will hold 33% of the joint company. This way, Georgia not only brings in unprecedented investment but also secures the best conditions for the state and the budget. The land in Gonio and Krtsanisi, where the projects will be implemented, remains co-owned by the state,” she noted.

The minister underlined the role of the Ministry of Economy in supporting investors.

“It is essential that Georgia maintains a predictable investment environment. Our country has done what many others have not — ensuring peace, stability, and predictability amid global challenges. This is what enables us to attract investors and allow their projects to develop and scale,” Kvrivishvili said.

The investment agreement and joint company establishment documents were signed on October 22 by Minister Mariam Kvrivishvili and Eagle Hills founder Mohamed Ali Alabbar. The company will undertake large-scale development projects in Tbilisi and Gonio.