31 January 2025,   00:28
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Levan Davitashvili underscored Georgia’s growing status as an “attractive” destination on the global investment map
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      Georgian Economy Minister said a USD 6 billion investment agreement signed with a real estate group from the United Arab Emirates during the Prime Minister’s visit to Abu Dhabi underscored Georgia’s growing status as an “attractive” destination on the global investment map.

      Levan Davitashvili was commenting on the agreement for a “multifunctional development project” in Tbilisi and Gonio.

      “This is an unprecedented foreign direct investment in our country. It not only represents a considerable financial influx, stimulating overall economic growth, but also has the potential to draw further foreign investments. This decision is made by a company [Emaar group] whose investment policy is being followed by many developers and internationally successful firms.

      This investment is a testament to the favourable and stable economic environment in Georgia, its investment climate and conditions for doing business. Certainly, all these were the motivation for the company making this investment decision. It is also important to highlight that bilateral cooperation with the UAE is currently very strong in the political, economic, and tourism sectors”, - said the Minister.