News Column

Belgrade Waterfront Project

June 30, 2014



Project Status: Active

Project Phase: Planning

Project Location: Dubai, UAE

Project Value: 3 billion ($4.08 billion)

Facility Type: Luxury apartment blocks hotels, mall, tower

Scope of Work:

To Develop Belgrade Waterfront Project.

Background:

The Belgrade Waterfront project promises office and luxury apartment blocks, eight hotels, a shopping mall and a tower resembling Dubai s landmark Burj Khalifa, albeit a quarter of the size at 200 metres, on the right bank of the Sava River.

It (the project) will make Belgrade a regional centre and it will attract many tourists, Vucic said at a Press conference held at Geozavod, a renovated 1907 building that dominates the area and will house the Belgrade Waterfront Gallery.

The project is to be co-financed and led by Dubai-based construction company Eagle Hills, although Eagle Hills and the Serbian government have yet to form a joint venture and define a co-financing model.

Eagle Hills has agreed to put up the 3 billion ($4.08 billion) cost of the scheme but the terms have not been settled and it is ?unclear how much the Serbia government will contribute in funds.

It is the latest sign of increasingly cosy economic ties between the UAE and Serbia.

Latest Events: June 2014-

Serbia unveiled plans to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a 3 billion scheme.

Upcoming Events:

The project is expected to start in 2015.

Project completion date : 2016-12-31 12:00:00

Major organization : GOVERNMENT OF SERBIA



Address : Belgrade, Nemanjina 11

http://www.srbija.gov.rs



Email : omr@srbija.gov.rs



Financier address : Co-financer and led-

Eagle Hills


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Source: TendersInfo (India)


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