Story perspectives

Trump Tower Tbilisi unveiled: $2B Georgia’s tallest 2031

By Drooid · Sep 17, 2026, 2:50 PM UTC · How we work

Summary

Kobakhidze Unveils Tower

Prime Minister Irakli Kobakhidze unveiled the Trump Tower Tbilisi project.
The 62-storey, 280-metre tower will be Georgia’s tallest building and should open in 2031.
The development costs about $2 billion and spans roughly 600,000 sq m.
TBC Bank and Bank of Georgia provide project financing.
Studio apartments begin at $290,000, about $7,000 per square metre.

Summary

Ivanishvili Sanctioned US

Developers paid $85 million to the Cartu Foundation, a fund linked to Bidzina Ivanishvili’s family.
Bidzina Ivanishvili, Georgia’s former prime minister, was sanctioned by the United States in December 2024.
Cartu’s family managers are not personally sanctioned, though the foundation stays linked to the oligarch.
U.S. President Donald Trump’s licensing deals generated $59 million in revenue during 2025.
Critics argue the licensing arrangement could give foreign investors indirect access to the Trump administration.

History

Historical Context

In 2008, Donald Trump announced the Trump Tower Moscow project, a planned 60-storey, $200 million skyscraper intended to reshape Moscow’s skyline. The venture secured financing from Russian bank VTB, which pledged a 30 % equity stake valued at $60 million in early 2009, before sanctions halted progress. Today, Prime Minister Irakli Kobakhidze’s $2 billion Trump Tower Tbilisi mirrors that Moscow scheme, while Bidzina Ivanishvili’s Cartu Foundation receives $85 million, echoing past oligarch-linked financing. The recurrence suggests that high-profile real-estate deals remain conduits for political leverage, prompting intensified U.S. scrutiny of foreign investment ties.

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Kobakhidze Unveils Tower

Prime Minister Irakli Kobakhidze unveiled the Trump Tower Tbilisi project.
The 62-storey, 280-metre tower will be Georgia’s tallest building and should open in 2031.
The development costs about $2 billion and spans roughly 600,000 sq m.
TBC Bank and Bank of Georgia provide project financing.
Studio apartments begin at $290,000, about $7,000 per square metre.

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