- Eagle Hills plans $4bn mixed use development for Addis Ababa
- Abu Dhabi developer also developing projects in Nigeria and Serbia
- Hotel projects in Dubai and Fujairah are also planned
Eagle Hills is planning to build an estimated $4bn mixed-use development in the Ethiopian capital Addis Ababa.
Still in the early stages, the Abu Dhabi-based developer has invited firms to submit proposals for the masterplanning of the development that is understood to include residential, retail and hospitality buildings.
Eagle Hills already has a sizable portfolio of projects on its own. Its projects include the $5.4bn Belgrade Waterfront, the $4bn Centenary City in the Nigerian capital Abuja, and the Marassi al-Bahrain project, which is being developed in a partnership with Diyar al-Muharraq. The developer is also understood to be involved in Egypts Capital City project that was officially launched at the Economic Development conference in Sharm el-Sheikh in mid-March.
|Eagle Hills overseas projects|
|Project name||Value ($bn)||Country|
|TBC=To be confirmed. Source: MEED|
In the UAE, Eagle Hills is developing two high rise towers next Jumeirah Beach Residences in Dubai Marina and a resort in Fujairah.
In January, MEED reported that Eagle Hills and the local Al-Mabaar had joined forces and were considering plans for a variety of new project around the world. Al-Mabaar brings to Eagle Hills several schemes, most notably the $10bn Marsa Zayed project in Aqaba and the $300m St Regis Hotel in Amman, both in Jordan.
Al-Mabaar also teamed up with UK-based Latis Group and Chinas Fosum in May 2014 for a $7bn mixed-use real estate project to be developed on the site of the Hellenikon Olympic Park, used for the 2004 Olympic Games in Athens.