Eagle Hills Unveils $12.3bn Grand Budapest Megaproject

Thursday, 30 January 2025

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.