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3/15/24, 10:49 AM UAE to develop mega Budapest project in a deal that could be valued at $10.9bn
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UAE to develop mega Budapest project in a
deal that could be valued at $10.9bn
Abu Dhabi-based developer Eagle Hills will work on the mixed-use property project, Dr Thani Al Zeyoudi says
Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, said the UAE could exceed its target of 26 Cepas. EPA
Deena Kamel
Mar 14, 2024
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The UAE and Hungary have signed a deal to develop a mixed-use property project in Budapest
with an initial capital investment of €5.8 billion ($6.3 billion), which may increase to €10 billion in
later phases, according to the UAE Minister of State for Foreign Trade.
The UAE has selected Abu Dhabi-based property developer Eagle Hills to work on the project
once the deal has been ratified, Dr Thani Al Zeyoudi told The National on Thursday.
https://www.thenationalnews.com/business/economy/2024/03/14/uae-and-hungarys-63bn-budapest-property-deal-may-expand-to-109bn-minister… 1/5
