The initiative goes far beyond classic real estate and includes megaprojects in tourism and infrastructure as well.

Eagle Hills is a private international developer founded by Mohamed Alabbar, the creator of Emaar Properties and one of the most influential figures in global real estate, with more than 30 years of industry experience. Under his leadership, projects have been developed in more than 20 countries, including the United States, Turkey, Serbia, Saudi Arabia, Morocco, Lebanon, Egypt, India, Pakistan, Bahrain, Albania, Latvia and Ethiopia. These developments encompass hotels, shopping malls, leisure destinations and residential communities.

According to Eagle Hills’ own figures, the wider group’s track record includes over 90 hotels and resort areas, 17 shopping malls and more than 120,000 residential units under its umbrella.

Since Emaar began transforming Dubai’s urban landscape in the late 1990s, the number of international visitors to the city has grown almost tenfold – from 1.8 million in 1997 to more than 18 million in 2024. Emaar’s flagship attractions – notably Burj Khalifa and The Dubai Mall – have become the city’s main tourism icons. The Dubai Mall alone now attracts over 100 million visitors per year (105 million in 2023) and is considered a must-see destination for almost every visitor.

According to Emaar Properties’ disclosures, the company’s net assets are valued at around USD 48.3 billion (as of 2023). In 2024, the company reported USD 9.7 billion in revenue and USD 5.5 billion in profit. Emaar states that its real estate sales in the first half of 2025 increased by 37% compared to the same period in 2024, reaching AED 40.6 billion(approximately USD 11 billion), driven by the launch of 25 new projects. Its backlog rose to AED 117.7 billion (around USD 32 billion), which is 59% higher than in the first half of 2024. Emaar Developmentrecorded revenue of AED 10 billion (approximately USD 2.7 billion) in the first half of 2025, representing a 35% year-over-year increase.

Beyond Georgia, Eagle Hills’ projects are present in Latvia, Croatia, Serbia, Albania, Bahrain, Ethiopia, Jordan, Morocco, Oman and the United Arab Emirates, among other markets.

Eagle Hills summarizes its philosophy in a single idea: “Real progress must respect both people and place.” In Georgia, this approach is reflected in plans for energy-efficient infrastructure, smart systems and strong environmental safeguards at both locations. Along the Black Sea coast, particular emphasis will be placed on protecting natural habitats and migratory bird sanctuaries. In Tbilisi, the project envisages the development of 6 million square metres of space, where contemporary architecture and nature are intended to blend in a harmonious way.

According to Eagle Hills’ projections, the Tbilisi Waterfront and Gonio Yachts & Marina projects are expected to make a significant contribution to Georgia’s GDP, attract more than 350,000 visitors per year, stimulate the growth of local industries, bring in over USD 10 billion in foreign direct investment, and create more than 30,000 jobs across construction, retail, hospitality and entertainment.

Kedaro Group is already actively cooperating with Eagle Hills as a local partner in Georgia.