In his first deal in the former Soviet Union, American property developer Donald Trump is bringing his trademark to Georgia as part of a large-scale luxury housing project. But while Tbilisi is hoping Trump’s star power helps draw investment in the country, analysts caution that there may be a limit to The Donald effect.
First made public last September, Trump’s decision to expand into Georgia – first, with a skyscraper complex in the Black Sea resort town of Batumi, followed by a second development in Tbilisi -- is being touted by the government as a breakthrough in its longstanding efforts to attract foreign investment.
Addressing Trump as “Dear Donald” and calling the event a moment that defines his country’s success, a clearly star-struck President Mikheil Saakashvili glowed with pride during a joint news conference on March 10 in New York City’s Trump Tower to announce the deal.
To read the full story
Molly Corso is a freelance reporter in Tbilisi and editor of the American Chamber of Commerce’s Investor.ge magazine.