GD Prime Minister Irakli Kobakhidze told the Parliament that no Georgian land is being sold to foreign investors under the Eagle Hills development agreement. Speaking during an interpellation session, he emphasized that both project territories - 260 hectares in Gonio and 590 hectares near Tbilisi - are classified as non-agricultural land and will not retain autonomous value once construction is completed. According to him, the land contribution does not amount to a sale and the state remains free of financial obligations.
Kobakhidze addressed concerns raised by opposition politicians, including claims that the agreement might include provisions for building mosques or granting privileges to foreign buyers. He dismissed such claims as unfounded, stating that the contract contains no non-commercial clauses or discriminatory terms of any kind. “Any such theoretical question can be answered easily, nothing harmful to the state or to citizens is included,” he said.
Kobakhidze added that essential parts of the agreement have already been shared with the public, and that the project follows the same market-based rules as other large-scale investments. He reiterated that the investor company bears full responsibility for financing and managing the project, while the state participates through land rather than monetary commitments.
Eagle Hills Georgia, established in April 2025, is owned by Eagle Hills Development Holdings Limited, which itself belongs to UAE-based Jaona Investment LLC, founded by billionaire Mohammed Alabar. The project involves preparing the architectural concept and raising approximately USD 6.6 billion in capital to develop the large territories allocated near Tbilisi and in Gonio.
