News Summary
The UAE and Georgia have announced a landmark partnership, injecting $6.5 billion into urban development projects. The deals, highlighted by the Tbilisi Waterfront and Gonio Yachts & Marina, are expected to boost Georgia’s economy significantly. The initiative aims to create over 31,000 jobs and attract 370,000 new tourists annually, emphasizing sustainability and cultural preservation. This collaboration, discussed during an official visit, marks a vital step towards enhancing bilateral relations and reshaping urban living in Georgia’s Tbilisi and Batumi.
Tbilisi, Georgia
The United Arab Emirates and Georgia have announced a significant partnership aimed at transforming urban living through a series of development projects totaling $6.5 billion. This ambitious investment initiative was formalized with the signing of a term sheet by Eagle Hills and the Ministry of Economy and Sustainable Development of Georgia during UAE President Sheikh Mohamed bin Zayed Al Nahyan’s visit to Georgia on September 19, 2025.
The developments, including the Tbilisi Waterfront and Gonio Yachts & Marina, are set to redefine city life while ensuring the preservation of Georgia’s unique natural landscape. These projects are expected to boost Georgia’s economy, contributing over $7 billion to the GDP over the next decade. Furthermore, more than 31,000 new jobs are anticipated to be created as a result of these developments.
The economic impact of the investment goes beyond job creation, as it is projected to generate billions in tax revenue for the Georgian government. Additionally, the projects will attract foreign direct investments exceeding $10 billion over the upcoming ten years, particularly in sectors such as hospitality, luxury real estate, and marina-related services.
The influx of development is also expected to bring over 370,000 new tourists annually to Georgia, which would positively influence various sectors including construction, retail, logistics, and hospitality.
Project Details
The Tbilisi Waterfront will be developed on Tbilisi’s scenic hillsides, creating a harmonious blend of urban sophistication and natural elements. In contrast, the Gonio Yachts & Marina will transform the Black Sea coast in Batumi into a dynamic waterfront destination, further enhancing tourist attractions in the region.
Sustainable Development Focus
Both projects prioritize sustainability, innovation, and environmental stewardship. They will feature energy-efficient infrastructure and designated green community zones. Additionally, the development plans emphasize the enhancement of cultural spaces while safeguarding natural habitats, which include migratory bird sanctuaries along the Black Sea coast.
The mixed-use development at Krtsanisi Park in Tbilisi, spanning 590 hectares, will integrate modern living with natural beauty. In Batumi, the Gonio Marina will showcase a 260-hectare waterfront, centered around a world-class marina district.
Enhancing Bilateral Relations
Participating in the signing of the memorandum of understanding was Prime Minister Irakli Kobakhidze of Georgia, who highlighted the importance of this collaboration between the UAE and Georgia. Key areas of cooperation discussed during the visit included investment, trade, economy, agriculture, renewable energy, and sustainability.
The meeting underscored successful negotiations with EMAAR for further potential investment projects in Georgia. Additionally, the UAE’s Comprehensive Economic Partnership Agreement with Georgia was highlighted as a significant milestone in fostering economic collaboration between the two nations.
Authorities from both the UAE and Georgia expressed their commitment to enhancing their bilateral relations and pursuing shared sustainable development goals through this landmark investment partnership. This strategic collaboration signifies a step towards reshaping Tbilisi and Batumi into modern hubs of sustainable living and world-class facilities.
Deeper Dive: News & Info About This Topic
- Zawya: Eagle Hills and Georgia Ministry of Economy Signing
- Wikipedia: Georgia (country)
- Construction Week: Eagle Hills $5.5bn Deal
- Google Search: Eagle Hills Georgia development
- Economy Middle East: UAE $6 Billion Investment in Georgia
- Encyclopedia Britannica: Developmental Economics
- Zawya: Eagle Hills $5.5bn Investment in Georgia
- Google News: UAE Georgia investment
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AUGUSTA STAFF WRITER The AUGUSTA STAFF WRITER represents the experienced team at HEREAugusta.com, your go-to source for actionable local news and information in Augusta, Richmond County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Arts in the Heart Festival, Westobou Festival, and Masters Week. Our coverage extends to key organizations like the Augusta Metro Chamber of Commerce and Greater Augusta Arts Council, plus leading businesses in manufacturing and healthcare that power the local economy such as Textron Specialized Vehicles, Cardinal Health, and Nutrien. As part of the broader HERE network, including HEREAtlanta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
