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Georgia is a project partner with a 33% ownership in the Eagle Hills developments

Georgia is a project partner with a 33% ownership in the Eagle Hills developments

Minister of Economy and Sustainable Development, Mariam Kvrivishvili, and the founder of Eagle Hills, Mohamed Ali Alabbar, signed an Investment Agreement and an Agreement on Establishment of a Joint Company.

Within the framework of the Agreements, the Eagle Hills will implement development projects in Tbilisi and Gonio with a total value of 6,6 billion USD.

The signing ceremony was held within the framework of the Tbilisi Silk Road Forum.

According to the Agreement, Georgia is defined as the project partner and a co-owner of a 33% share in the company. It is noteworthy that the investment is a record amount in the history of Georgia in terms of its volume.

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Ekaterine Tchigladze

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