The Eagle Hills Georgia project exemplifies a situation where the Government has placed the country’s interests at the forefront. Such a statement made the Minister of Economy and Sustainable Development.

“Regrettably, Georgia has previously entered into several agreements, particularly in the realm of investments that were improperly signed, often characterized by large investors dictating their terms over an extended period… The Eagle Hills project is not among those cases. The agreement signed between the Georgian government and the investor has been carefully crafted to safeguard the state’s interests to the greatest extent possible.

“It is particularly significant that, despite the scale and unprecedented nature of this investment, the state has not granted any special or privileged regime to the investor or the project. Instead, we have gained a unique opportunity; the state has become a co-partner in a joint venture, which means it now co-owns the land in Tbilisi and Gonio.

Apart from the investment itself, which serves as a vital counterbalance to economic development, the state will also receive dividends and income that will contribute to the national budget. This clearly demonstrates that this is a genuinely Georgian project”, - said Mariam Kvrivishvili.

The development company Eagle Hills plans to implement 2 projects in Georgia, in Tbilisi and Gonio, with a combined value exceeding USD 6.5 billion. According to the agreement, Georgia will act as a partner and co-owner, holding a 33% stake in the enterprise.