Tower be the centrepiece of $3 billion development
Abu Dhabi-based developer Eagle Hills has begun building a 160-metre-high riverside tower in Belgrade, according to a Reuters report.
The tower will form the centrepiece of an estimated $3 billion residential, office and tourism complex being built in the Serbian capital.
The Belgrade Waterfront complex on the Sava River marks the first foray into the central and eastern European region by real estate executive Mohamed Alabbar, who is also chairman of Dubai’s Emaar Properties.
While work on the actual building commenced on April 15, the clearing of two million square metres of former industrial land began last September in order to make way for the hotels, office buildings and apartments for 14,000 people, it was reported.
The project has the backing of Serbian Prime Minister Aleksandar Vucic, who visited the site with Alabbar on April 15 to formally launch construction, Reuters reported.