GD Prime Minister Irakli Kobakhidze announced in Parliament that the Georgian state is expected to receive GEL 2 billion in dividends from the Eagle Hills development project, while the investor company will earn around GEL 4 billion. He made the statement while addressing questions about the confidentiality of the investment agreement, noting that granting commercial secret status to such documents is a common and internationally accepted practice.
According to Kobakhidze, the government has classified 1,554 economic agreements as commercial secrets over the past decade. He argued that confidentiality primarily serves to protect the commercial interests of investors and suppliers and is often requested by the companies themselves. Kobakhidze highlighted that the Anaklia Development Consortium had previously sought identical confidentiality measures for the Anaklia Deepwater Port project, yet some of the same actors are now criticising secrecy surrounding the Eagle Hills deal.
Kobakhidze emphasized that only part of the agreement is classified and that key terms have already been disclosed to the public. He reiterated that the state’s involvement in the Eagle Hills project carries no financial obligations or guarantees, while the investor is responsible for raising the necessary capital and managing the full development process.
Eagle Hills Georgia was registered in April 2025 and is owned by Eagle Hills Development Holdings Limited, ultimately controlled by UAE-based Jaona Investment LLC, whose founder is billionaire Mohammed Alabar. The large-scale state project covers 260 hectares in Gonio and 590 hectares near Tbilisi, with a planned investment volume estimated at USD 6.6 billion.
