UAE + Georgia discuss bolstering Cepa, make headway on real estate projects: President Mohamed bin Zayed Al Nahyan met with Georgian Prime Minister Irakli Kobakhidze in the Georgian capital Tbilisi to discuss bilateral ties under the countries’ comprehensive economic partnership agreement (Cepa), state news agency Wam reports. The two leaders discussed expanding collaboration across key sectors, including investment, the economy, agriculture, renewable energy, and sustainability.

Term sheet signed for USD 6.5 bn Eagle Hills project: During the visit, the Georgian Economy and Sustainable Development Ministry and Abu Dhabi-based real estate investment company Eagle Hills signed a term sheet for the development of two real estate projects in Georgia, according to a press release.

What we know: The projects will see over USD 6.5 bn in investments, and will contribute more than USD 7 bn to Georgia’s GDP over the next decade, creating over 31k new jobs and attracting USD 10 bn in FDI. One of the projects will be the Tbilisi Waterfront, while the other, Gonio Yachts & Marina, will be a luxury marina destination in Batumi.

REMEMBER- The real estate developer — Emaar Properties founder Mohamed Al Abbar’s international venture — inked an MoU to invest USD 6 bn in Georgia earlier this year. The projects were set to include the construction of homes, retail facilities, parks, schools, and commercial spaces in Georgia’s capital, Tbilisi, and the seaside cities of Batumi and Gonio.

A UAE delegation was also in Belgium to discuss bilateral cooperation in energy, water, and sustainability, Wam reported. Assistant Foreign Affairs Minister for Energy and Sustainability met with several officials, including Belgian Energy Minister Mathieu Bihet, as part of the visit.

President Mohamed bin Zayed Al Nahyan also touched down in Serbia on Friday, Wam reported separately.

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