The Hungarian government is poised to sign an agreement with the United Arab Emirates for the construction of an ambitious real estate complex in the capital, raising concerns from the city's mayor.
Budapest, the capital of Hungary © Mena Today
The Hungarian government is poised to sign an agreement with the United Arab Emirates for the construction of an ambitious real estate complex in the capital, raising concerns from the city's mayor.
The project aims to revamp a nearly abandoned railway station and its surroundings at a cost of €5 billion.
According to a document released late Thursday on the Hungarian government's website, authorities will sell the land, located not far from the city center, to a private entity selected by the UAE "without conducting a tender."
In return for this "major investment," Hungary commits to carrying out infrastructure work "amounting to at least €800 million."
The nationalist Prime Minister Viktor Orban continues his controversial endeavor of large-scale projects that alter the city's landscape, including its UNESCO-listed historic center.
In December, Construction Minister Janos Lazar defended the project, referring to it as "maxi-Dubai" in response to media headlines that called it "mini-Dubai."
He insisted that the result would not be mediocre and that it would be an "internationally acclaimed" project.
A written statement from Iran's Supreme Leader Ayatollah Mojtaba Khamenei threatened vengeance for the death of his predecessor and father on Saturday, but added that it would depend not only on Iran but also on "free people around the world".
The Turkish prosecutor has ordered the detention of 36 people, including the mayor of an Ankara district held by the main opposition, as part of an investigation into alleged bribery and tender rigging, the Ankara chief prosecutor's office said on Saturday.
U.S. President Donald Trump said on Friday he had ordered the military to be prepared to launch strikes against Iran if the Iranian government carried out or attempted an assassination of the president.
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