The announcement of the USD 6 billion EMAAR investment project in Georgia has already sparked new investor interest, according to Irakli Zhvania, managing partner of the auditing and consulting firm "Kudos Georgia".
Zhvania told BMGTV that Georgia’s 7.9% economic growth in the first eight months of 2025 is a positive trend, though its effects are felt unevenly across sectors.
“Our company and our clients are showing stable growth, which means that economic expansion is indeed reflected in the day-to-day life of businesses,” he said. “However, the impact is stronger in some sectors, such as tourism, and weaker in others.”
Speaking about foreign direct investment (FDI), Zhvania noted that fluctuations are typical for Georgia and often depend on large, one-time transactions.
“Such FDI variations are not new. At times, figures rise sharply due to specific deals, like those involving GWP or Rustavi Azot in previous years,” he said. “Georgia still has significant potential to attract new investment across different industries.”
Zhvania added that major projects like EMAAR’s could shift the FDI trend by the end of 2025.
“EMAAR represents a serious investment. While it may not affect this year’s statistics, they are already preparing to open an office in Georgia. An investment of this scale will also influence related sectors and set an example for other companies,” he noted.
According to Zhvania, the mere announcement of EMAAR’s project has already generated tangible interest.
“After the announcement, we were contacted by three real estate investors from Arab countries who decided to study the Georgian market solely because EMAAR plans to invest here. Even if some ultimately choose other destinations, the fact remains - this project has already drawn new attention to Georgia’s investment potential,” he concluded.
