The Eagle Hills Georgia project is a case where the government put the state's interests first. The state has not assumed any financial obligations at any stage or point of the agreement, nor has it issued any financial guarantees, - says Mariam Kvrivishvili, Minister of Economy and Sustainable Development.

In addition, she said that in Georgia there were a number of incorrectly concluded agreements in the past, including investment ones, when large investors dictated their terms to the state for quite a long time.

According to Mariam Kvrivishvili, the Eagle Hills project is not one of them, and the agreement signed between the Georgian government and the investor protects the interests of the state to the maximum extent.

“At the same time, it is very important that despite such a large and unprecedented investment, the state did not grant a different or exceptional regime directly to this investor, or directly to this project. In addition, we received an unprecedented opportunity, the state became a co-partner in a joint venture, which means that the state is a co-owner of the lands located in Tbilisi and Gonio,” said Mariam Kvrivishvili.

According to her, “beyond the benefits that are most important for our country as a counterweight to the investment, the state will also receive dividends and income to the budget, which means that this is a Georgian project.”

In addition, Mariam Kvrivishvili stated that “speculative statements about the potential increase in illegal migration have nothing to do with the Eagle Hill investment.”

“We see deliberate lies and attempts to link migration with investment. We all know very well that Georgia has a migration law. Moreover, our country is distinguished by its strict policy regarding illegal migration. Therefore, within the framework of Eagle Hills’ large-scale investment, the risk of illegal migration is zero,” said Mariam Kvrivishvili.

According to the Ministry of Economy and Sustainable Development, within the framework of the agreement signed between Eagle Hills, one of the largest development companies in the United Arab Emirates, and the Georgian government, two projects of unprecedented scale - worth more than $6.5 billion - will be implemented in Georgia.

"This is the largest foreign investment in the history of Georgia, which will transform the appearance of Tbilisi and Batumi and create global complexes in the cities. The projects in Tbilisi and Gonio will contribute to the growth of Georgia's gross domestic product, attract hundreds of thousands of visitors annually, and create thousands of jobs," reads the information.