Economic Cooperation between the United Arab Emirates and Georgia
The United Arab Emirates and Georgia enjoy growing economic, trade, and investment relations, supported by a strong institutional framework, expanding commercial ties, and enhanced air connectivity.
Efforts to deepen economic cooperation gained momentum in December 2020, when the two countries’ economy ministers agreed to begin negotiations on a free trade agreement. On May 9, 2022, the two sides signed a document setting out the terms of negotiations for a Comprehensive Economic Partnership Agreement (CEPA). A joint council between the chambers of commerce of both countries was also established in 2022 to strengthen business engagement and promote trade and investment opportunities.
The CEPA was signed in Dubai on October 10, 2023, and entered into force on June 27, 2024. The agreement provides a framework for expanding bilateral trade, facilitating investment, and improving market access for businesses in both countries.
Investment is an important pillar of the economic partnership, with UAE investments in Georgia reaching approximately USD 1.5 billion over the past two decades. In 2025, UAE developer Eagle Hills launched a USD 6.6 billion real estate development in Georgia, representing one of the largest foreign investment projects in the country’s history.
Direct air connectivity further supports business exchanges, tourism, and people-to-people ties. Airlines operate approximately 50 direct flights per week between the two countries, increasing to as many as 65 during peak travel periods. In 2025, Georgia welcomed nearly half a million visitors traveling from the UAE, including expatriate residents, with UAE nationals accounting for approximately 15,000 visitors. During the same year, approximately 35,000 visitors from Georgia traveled to the UAE.
