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Monday, 12 January, 2026
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Minister of Justice Paata Salia Signs Memorandum of Cooperation with PRYPCO Technologies to Introduce Advanced Technologies in the Real Estate Sector

To promote the introduction of cutting-edge technologies in the real estate sector, Minister of Justice Paata Salia has signed a Memorandum of Cooperation with PRYPCO Technologies, one of the world’s leading real estate technology companies.

The memorandum establishes a framework for cooperation in the field of real estate tokenization, which involves transforming physical real estate assets into digital units.

The initiative aims to stimulate investment in the real estate sector and, in compliance with Georgia’s current legislation, to implement secure, transparent, and innovative mechanisms related to private property rights.

The memorandum was signed during the official visit of the Georgian government delegation to the United Arab Emirates, led by the Prime Minister of Georgia.

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Minister of Justice Discusses Prospects for Deepening Cooperation Between Georgia and UNIDROIT with the Organization’s Secretary General

Minister of Justice of Georgia Paata Salia met with the Secretary General of the International Institute for the Unification of Private Law (UNIDROIT), Professor Ignacio Tirado, and Deputy Secretary General Professor Anna Veneziano, who are visiting Georgia.

During the meeting, the parties discussed opportunities to further strengthen cooperation between Georgia and UNIDROIT, as well as the significance of the organization's legal instruments. The Minister emphasized the growing importance of the unification of private law amid the expansion of international trade and cross-border commercial relations, both in Georgia and worldwide, highlighting the Ministry of Justice's role in advancing this process.

Professor Ignacio Tirado underlined the increasing strategic importance of the Middle Corridor and Georgia's pivotal role in promoting commercial and cross-border relations in the region, as well as in ensuring their modern legal regulation. He also spoke about the practical value of the international legal instruments developed by UNIDROIT and the benefits of membership in the organization.

The parties reaffirmed their commitment to further deepening cooperation between Georgia and UNIDROIT.

The International Institute for the Unification of Private Law (UNIDROIT) is an independent intergovernmental organization dedicated to modernizing and harmonizing private and commercial law through the development of international legal instruments. Its conventions, model laws, and principles promote international trade, investment, and cross-border economic relations while contributing to the creation of a predictable, modern, and effective legal framework. The organization currently comprises 65 member states from nearly every region of the world, reflecting its global reach and international significance.

The meeting was also attended by First Deputy Minister of Justice of Georgia Beka Dzamashvili and Nino Mindiashvili, Head of the Ministry of Justice's Department of Contract Expertise and Judicial Representation.

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