Latest news with #GovernmentofGeorgia
Emirates 24/7
11-02-2025
- Business
- Emirates 24/7
Economic cooperation with UAE continuously prospering: Prime Minister of Georgia
Georgian Prime Minister Irakli Kobakhidze affirmed that relations between his country and the United Arab Emirates are witnessing remarkable development, with economic cooperation between the two nations continuously prospering. Kobakhidze highlighted the investment MoU signed by Eagle Hills and the Government of Georgia, involving a $5.5 billion investment in developmental projects in the cities of Tbilisi and Batumi. He described it as a strategic move that marks a significant turning point in Georgia's development trajectory. Speaking to the Emirates News Agency (WAM) on the sidelines of the World Governments Summit, which commenced today in Dubai, the Georgian Prime Minister emphasised that the strong ties between Georgia and the UAE are a key motivator for his participation in the summit. He also stressed that the WGS provides an excellent opportunity to discuss crucial global development issues, as it brings together elite experts and specialists with extensive global experience. The Georgian Premier noted that the summit covers various topics, including future development plans and global challenges, underscoring the importance of long-term planning for global development. Follow Emirates 24|7 on Google News.
Bahrain News Gazette
29-01-2025
- Business
- Bahrain News Gazette
Eagle Hills Announces Over $5.5 Billion Investment in Georgia
Manama: Eagle Hills has announced the signing of a Memorandum of Understanding (MOU) with the Government of Georgia to invest over $5.5 billion in transforming the country's urban landscape while embracing sustainability and innovation. According to Bahrain News Agency, this strategic partnership marks a significant milestone in the region's development with the creation of two ambitious developments in Tbilisi and Batumi, reshaping these cities into vibrant destinations of sustainable living, world-class facilities, and economic vitality. The development will generate thousands of jobs, drive GDP growth, strengthen the real estate sector, and enhance tourism, attracting a significant influx of tourists annually. By integrating extensive green spaces and sustainable practices, Eagle Hills is crafting vibrant communities that celebrate Georgia's natural charm and cultural heritage.
Trade Arabia
28-01-2025
- Business
- Trade Arabia
Eagle Hills to invest $5.5bn in Georgia developments
UAE-based Eagle Hills, a leading developer, has announced the signing of a memorandum of understanding (MOU) with the Government of Georgia to invest over $5.5 billion in transforming the country's urban landscape while embracing sustainability and innovation. This strategic partnership marks a significant milestone in the region's development with the creation of two ambitious developments in Tbilisi and Batumi, reshaping these cities into vibrant destinations of sustainable living, world-class facilities, and economic vitality, said a Wam news agency report. The development will generate thousands of jobs, drive GDP growth, strengthen the real estate sector, and enhance tourism, attracting a significant influx of tourists annually. By integrating extensive green spaces and sustainable practices, Eagle Hills is crafting vibrant communities that celebrate Georgia's natural charm and cultural heritage. Krtsanisi Park, in Tbilisi, is a distinctive riverside development that blends urban sophistication with the serenity of nature. Spanning 590 hectares, with 170 hectares dedicated to parks and greenery, Krtsanisi Park is a mixed-use concept that embraces sustainability through elegant residences, retail spaces, and a state-of-the-art spa and wellness center, offering a thriving community where nature and modern living coexist harmoniously. Gonio Marina, in Batumi, is nestled along the stunning coastal shores and pristine beaches of the Black Sea and features a remarkable waterfront development centered around a world-class marina district. Gonio Marina, a stunning 260-hectare development, will offer branded residences, luxurious hotels, retail parks, and expansive open park spaces that emphasise green living. Combining panoramic views, a dynamic marina lifestyle along with the eco-conscious innovative approach will position Batumi as a leading global destination while enhancing the natural beauty of the coastline, the report said.
Arabian Business
27-01-2025
- Business
- Arabian Business
Eagle Hills, Georgian Government sign new deal for $5.5bn developments in Tbilisi, Batumi
Eagle Hills has signed a Memorandum of Understanding (MoU) with the Government of Georgia to develop two large-scale projects in Tbilisi and Batumi. Supported by the governments of the UAE and Georgia, the partnership is expected to contribute significantly to the region's economic and urban development. 'Georgia holds immense promise and potential. Our commitment to investing in this vibrant nation stems from a shared vision with the Government of Georgia to create thriving, sustainable communities that honour the country's natural beauty and cultural heritage,' Mohamed Alabbar, the founder and chairman of Eagle Hills said. Eagle Hills signs $5.5bn MoU with Georgian government The first project, Krtsanisi Park, is located in Tbilisi and covers 590 hectares, of which 170 hectares are dedicated to parks and greenery. The mixed-use development includes residences, retail spaces, and a spa and wellness centre. The project aims to create a balance between urban living and natural surroundings. The second development, Gonio Marina, is situated in Batumi along the Black Sea coast. Spanning 260 hectares, it features a marina district, branded residences, hotels, retail areas, and park spaces. The project is designed to promote green living while enhancing Batumi's position as a global destination. The combined investment in the two developments exceeds $5.5 billion. The projects are expected to generate thousands of jobs, drive GDP growth, and support the real estate and tourism sectors. 'Together, the developments will generate thousands of jobs, drive GDP growth, strengthen the real estate sector, and enhance tourism, attracting a significant influx of tourists annually. By integrating extensive green spaces and sustainable practices, Eagle Hills is crafting vibrant communities that celebrate Georgia's natural charm and cultural heritage,' Eagle Hills said in a statement on Monday.
