Abu Dhabi's Eagle Hills signs $20bn Maldives waterfront and marina deal
Abu Dhabi-based developer Eagle Hills has signed an agreement with the Maldives government to develop a $20 billion waterfront and marina project in one of the largest proposed foreign investment developments in the Indian Ocean nation. The Maldives Waterfront and Marina will be developed in Ras Male, an urban area being created at Fushi Dhiggaru Lagoon near the capital Male, about 17 minutes…
Eagle Hills, a developer based in Abu Dhabi, has entered into an agreement with the Maldives government to develop a $20 billion waterfront and marina project in the Maldives. The project, named the Maldives Waterfront and Marina, will be constructed in Ras Male, a planned urban area located near the capital city Male. The development is expected to span multiple phases and include a range of amenities such as international hotels, branded residences, a marina, promenades, restaurants, shops, and leisure and wellness centers.
Preliminary estimates suggest that the project could attract over $30 billion in gross foreign investment and create more than 54,000 jobs. The $20 billion figure represents the total projected investment across the entire development, rather than a single upfront commitment from Eagle Hills.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Abu Dhabi's Eagle Hills signs $20bn Maldives waterfront and marina deal thenationalnews.com
