Eagle Hills project expected to bring billions to Georgia, PM says PHOTO

The Eagle Hills investment project is set to inject 11 billion lari (over $4 billion) into Georgia’s economy this year, Prime Minister Irakli Kobakhidze has said.

Speaking to reporters in Abu Dhabi, Kobakhidze highlighted the project’s economic and social benefits, Caliber.Az reports per Georgian media.

“This initiative will benefit both the economy and the state budget, while creating thousands of jobs. The project has a significant impact on our country’s development and carries no negative consequences. Accordingly, the government assumes responsibility for its successful implementation from start to finish,” he said.

He added that over the next decade, the project is expected to contribute 700 million lari ($260 million) annually to the national budget.

Eagle Hills is a private real estate investment and development company headquartered in Abu Dhabi, United Arab Emirates. Founded in 2014 by Mohamed Alabbar, who also created Emaar Properties, Eagle Hills specialises in large‑scale, mixed‑use master‑planned developments that integrate residential, commercial, hospitality, retail and leisure components.

By Aghakazim Guliyev