Today, the Emirati company Eagle Hills announced the launch of its real estate project “Riga Waterfront” in Riga, the capital of the Republic of Latvia, with investments of more than 3 billion euros (12 billion dirhams).
The project includes a wide range of residential buildings, including about 8,000 housing units that can accommodate about 30,000 people, in addition to a group of hotels and more than 1,000 hospitality units, a port for ships and yachts, a shopping center and green public squares.
The project was announced in the capital of Latvia, in the presence of His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, His Excellency Ahmed bin Ali Mohammed Al Sayegh, Minister of State, and Mohammed Al Abbar, founder and Chairman of the Board of Directors of Eagle Hills, in addition to dignitaries and investors from The United Arab Emirates and the Republic of Latakia.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi stressed the depth of the bilateral ties that bring together the UAE and Latvia, pointing out that the two countries’ trade and investment relations are currently witnessing great momentum, pointing out that the “Riga Waterfront” project reflects the depth of bilateral ties, as Latvia is a promising economic destination and trade partner. It is an important investment for the UAE in the Baltic region. The two countries aim to enhance cooperation in many sectors of common interest.
For his part, His Excellency Ahmed bin Ali Al Sayegh stressed that bilateral relations between the UAE and Latvia have witnessed great progress over the past few years, within the framework of concluding many cooperation agreements aimed at supporting opportunities for the business communities between the two sides, indicating that this project, which was launched with Emirati investments, reflects Shared keenness to enhance cooperation in priority sectors, especially in light of the continued growth in bilateral relations between the two countries.
For his part, Mohamed Alabbar, founder and Chairman of the Board of Directors of Eagle Hills, said that the project represents a reflection of the strategic vision to develop Latvia and the capital, Riga, and qualify it to become the new center of Europe, noting that the project plan represents a certificate of commitment from Eagle Hills to develop communities with Preserving nature.
The project is a pioneer in the field of sustainability and innovation using advanced technology and modern techniques, as it is distinguished by its smart infrastructure, green practices, smart waste management systems, and energy efficient buildings.
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