Eagle Hills, a UAE-based developer, announces the Grand Budapest project, a $12.3 billion mixed-use development aimed at revitalizing a 100-hectare site in Budapest, Hungary. Backed by the UAE and Hungarian governments, the project focuses on sustainability, smart city technologies, and community-centric spaces while preserving Budapest’s cultural heritage.
Key Highlights:
- Project Scope: Transformation of a 100-hectare site with 35-40 hectares dedicated to parks and public spaces.
- Economic Impact: Expected to contribute 2% to Hungary’s GDP and create jobs during construction and operations.
- Sustainability: Incorporates energy-efficient buildings, renewable energy systems, and intelligent waste management.
- Facilities: Includes schools, sports facilities, and community centers for residents.
- Preservation and Modernization: Combines Budapest’s cultural heritage with contemporary smart city elements.
- Government Support: Endorsed by both the UAE and Hungarian governments.
- Next Steps: Eagle Hills is working on securing name approvals from relevant authorities.
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