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.
The Tour de France has kicked off with its opening stages in Spain, and as the peloton winds its way from Barcelona toward Paris, one thing is immediately apparent: the Gulf states have made themselves very much at home in cycling's greatest race.
Mourners thronged a vast prayer complex in Tehran on Saturday as the week-long funeral ceremonies of Iranian Supreme Leader Ayatollah Ali Khamenei began with the national anthem, religious eulogies and readings from the Koran.
The UAE used an urgent session of the UN Human Rights Council on the situation in El-Obeid to deliver a stark message: there is no military solution to Sudan's conflict, and the only viable path forward is an immediate and unconditional ceasefire combined with an urgent humanitarian truce.
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