"Eagle Hills" Develops a Project Mimicking Dubai Real Estate

The United Arab Emirates signed a cooperation agreement with Hungary worth $7 billion to implement a project to develop a neighborhood in the capital, Budapest. The project will feature the tallest tower in Europe, alongside a unique massive shopping center. Mohammed Al Abbar, Chairman of the Eagle Hills Group, stated that "the proposed development project of a neighborhood in the Hungarian capital Budapest is more than just a traditional real estate investment; it is an important testament to our complete respect and great admiration for the historical heritage of Hungary, in addition to the active cultural movement and the ambition of its people to build a better future." He added that "Hungary possesses immense potential and a rich, extensive cultural heritage." Meanwhile, Hungarian Foreign Minister Péter Szijjártó mentioned after signing the agreement with UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, that "Eagle Hills will collaborate with the government in Budapest to develop a partially abandoned railway station." It is noteworthy that Eagle Hills, headquartered in Abu Dhabi, is one of the largest real estate development companies in the Gulf region, with significant projects extending across Europe, Africa, and the Middle East. The company is expanding in countries that require the development of modern homes and offices, boasting major projects that include over 30 hotels in 11 countries.