Eagle Hills UAE-based real estate developer, has announced a massive $5.5 billion investment in two major projects in Tbilisi and Batumi.
Eagle Hills, a UAE-based real estate developer, has announced a massive $5.5 billion investment in two major projects in Tbilisi and Batumi. This strategic partnership with the Government of Georgia aims to create sustainable, vibrant communities that honor the country’s natural beauty and cultural heritage.
The first project, Krtsanisi Park, is located in Tbilisi and spans an impressive 590 hectares. Of this, 170 hectares are dedicated to parks and greenery, ensuring a perfect balance between urban living and natural surroundings. The mixed-use development includes luxury residences, retail spaces, and a state-of-the-art spa and wellness center. This project aims to establish Tbilisi as a benchmark for sustainable urban living in the region.
The second development, Gonio Marina, is situated along the picturesque Black Sea coast in Batumi. Spanning 260 hectares, this waterfront development features a world-class marina district, branded residences, luxury hotels, retail parks, and expansive open spaces. The project emphasizes green living and eco-conscious design, offering panoramic coastal views and an upscale lifestyle. Gonio Marina is set to enhance Batumi’s appeal as a global destination while boosting its tourism and investment potential.
The combined investment in these two developments is expected to generate thousands of jobs, drive GDP growth, and strengthen the real estate and tourism sectors. By integrating extensive green spaces and sustainable practices, Eagle Hills is crafting vibrant communities that celebrate Georgia’s natural charm and cultural heritage. The projects are designed to attract a significant influx of tourists annually, contributing to the region’s economic vitality.
Mohamed Alabbar, the founder and chairman of Eagle Hills, expressed his commitment to investing in Georgia, highlighting the shared vision with the Government of Georgia to create thriving, sustainable communities. The partnership between Eagle Hills and the Georgian government is supported by the governments of the UAE and Georgia, underscoring the importance of this collaboration for the region’s development.
Eagle Hills’ bold vision aligns with Georgia’s push to enhance its urban infrastructure and sustainable development initiatives. The Krtsanisi Park and Gonio Marina projects are set to transform Tbilisi and Batumi into vibrant hubs of economic activity, sustainable living, and world-class amenities. This investment marks a significant milestone in the region’s development, promising a brighter future for Georgia and its people.
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