UAE's Emaar Hospitality Group to invest $6 bln in Georgia projects - Georgian PM

TBILISI. Jan 27 (Interfax) - Georgia and the United Arab Emirates have signed a memorandum on investing $6 billion in Georgia's economy, Georgian Prime Minister Irakli Kobakhidze told reporters on Monday in Abu Dhabi.

"The agreement envisages investing $6 billion in our economy, and it is particularly important in developing our country," Kobakhidze said, noting that Emaar Hospitality Group will implement the investments in Tbilisi, Batumi and the seaside village of Gonio in Adjara.

Emaar Hospitality Group's website indicates that it owns resorts, hotels, restaurants and leisure clubs in the UAE.