Eagle Hills and the Ministry of Economy and Sustainable Development of Georgia have signed a term sheet for the development of “two visionary masterplans”: Tbilisi Waterfront and Gonio Yachts & Marina.
“Set to redefine urban living while embracing the country’s stunning natural landscape, the announcement coincides with the official visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Georgia on September 19, 2025 – a moment that not only reinforces Georgia’s global aspirations but also highlights the strengthening ties and deepening bilateral relations between the two nations,” an Eagle Hills press release informed.
Together, the projects, valued at over USD 6.5 billion, are expected to contribute more than USD 7 billion to Georgia’s GDP over the next decade, generate over 31,000 new jobs, and deliver billions in tax revenues to the government. The developments will also attract foreign direct investments exceeding USD 10 billion over the next 10 years, primarily driven by strong inflows into hospitality, luxury real estate, and marina-related services. In addition, the communities will welcome more than 370,000 new tourists annually, while creating broad ripple effects across construction, retail, logistics, hospitality, and related industries .
Eagle Hills is an Abu Dhabi-based private real estate investment and development company, focused on the development of mixed-use destinations in high-growth markets globally. The company is present in Morocco, Albania, Bahrain, Croatia, Ethiopia, Jordan, Latvia, Oman, Serbia, and the UAE.
“These developments reflect our long-term commitment to Georgia,” commented Eagle Hills Properties Founder and Chairman Mohammed Alabbar. “Together, they will generate tens of thousands of jobs, attract billions in foreign investment, and deliver sustained contributions to the Georgian economy. Beyond economic growth, our vision is deeply tied to sustainability and respect for the environment – ensuring that new communities protect natural sanctuaries, such as the Black Sea’s unique bird habitats, while embracing innovation and wellness for future generations. Georgia holds incredible potential, and we are proud to support its rise as a global destination for living, tourism, and investment.”
Hogan Lovells, working with Gvelebiani, advised the Government of Georgia, while Gibson, Dunn & Crutcher and Dentons advised Eagle Hills on the partnership (as reported by CEE Legal Matters on November 3, 2025).
Image source: eaglehills.com