The real estate company of US President Donald Trump’s family, together with local partners, is planning to build a 70-story luxury residential skyscraper in the Georgian capital, according to an article in The Wall Street Journal.

According to the article, “a new Trump-branded skyscraper is set to rise in the Caucasus, another example of how the Trump family firm has changed its approach to overseas business during the second Trump administration.”

"Georgia is located in a geopolitically sensitive region - it is trying to maintain relations with the West while simultaneously managing tensions with Russia. At the same time, the country is trying to attract foreign investment through business-oriented policies, low taxes and growing tourism," the article notes.

According to the article, this project also restores the previously established, but interrupted, relationship between the Trump brand and Georgia. In 2012, the company planned a project in Batumi, but later abandoned it in order to avoid the conflict of interest.

The publication notes that after his re-election, Trump’s company has become much more actively involved in international projects, including in the Middle East, Vietnam and India.

The 70-story ‌building, "Trump Tower Tbilisi", will be a mixed-use project that would be the tallest building in the capital of Georgia, the ​report said, citing a representative of the Trump ​Organization’s partners on the project.

The Tbilisi tower ​would include luxury residences, retail and hotel-style amenities, ​the report said.

It is being designed by the architecture firm Gensler ‌and ⁠backed by a consortium that includes Georgia real-estate firm Archi Group and Biograpi Living, which is part of a Georgian conglomerate, according to the WSJ.

Trump's family business, ​known as the ​Trump Organization, ⁠announced in January the president's investments, assets and business interests would be held ​in a trust managed by his children ​and ⁠he would play no role in day-to-day operations or decision-making, according to Reuters.