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.
Hezbollah lawmaker Hassan Fadlallah told parliament Thursday that the "ill-fated" framework agreement signed on June 26 between Lebanon and Israel was "doomed to fail," insisting "the Zionists will not be able to impose its implementation" and that "our people will thwart its effects on the ground."
Syrian authorities said on Thursday they had foiled an attempt to smuggle advanced weapons and missiles across the border from Iraq, with state news agency SANA citing an Interior Ministry source as saying the shipment appeared destined for militant group Hezbollah.
U.S. Vice President JD Vance said some members of the Israeli government had tried to influence U.S. public opinion to oppose a deal by the U.S. to end the war with Iran, in a podcast episode with host Joe Rogan posted on Wednesday.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.