U.S. business tycoon Donald Trump intends to build a high-rise building in the former Soviet republic of Georgia.
Georgia's presidential press office and the Trump organization confirmed Wednesday that Trump had signed a letter of intent to build one of his self-named towers in the country.
Trump signed the deal with the Georgian business group Silk Road during a visit of President Mikheil Saakashvili to New York.
An executive vice president of the Trump organization, Michael Cohen, said Mr. Saakashvili was present at the signing.
Cohen said in a statement that while the letter of intent was just the first in a series of agreements, it demonstrated Trump's interest in investing in Georgia.
Mr. Saakashvili's press office said potential sites for the development included Tbilisi and along the Black Sea coast.