{"id":77385,"date":"2024-03-14T07:15:00","date_gmt":"2024-03-14T07:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/14\/emirati-outfit-eagle-hills-will-reportedly-develop-a-railway-station-in-budapest\/"},"modified":"2024-03-14T07:15:00","modified_gmt":"2024-03-14T07:15:00","slug":"emirati-outfit-eagle-hills-will-reportedly-develop-a-railway-station-in-budapest","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/14\/emirati-outfit-eagle-hills-will-reportedly-develop-a-railway-station-in-budapest\/","title":{"rendered":"Emirati outfit Eagle Hills will reportedly develop a railway station in Budapest"},"content":{"rendered":"

<\/strong>UAE real estate developer Eagle Hills will help develop a Budapest neighborhood <\/strong>under a EUR 5 bn agreement<\/strong> inked between Hungarian Foreign Minister Peter Szijjarto and UAE Trade Minister Thani Al Zeyoudi, Bloomberg<\/a> reports. Details around the agreement are vague, though the business information service says the developer will renovate a partly disused railway station northeast of central Pest<\/a>.<\/p>\n

More funding from Hungary? <\/strong>Bloomberg reported late last year that the Budapest government will invest EUR 1 bn of its own funds to improve the surrounding infrastructure. <\/p>\n

What\u2019s next:<\/strong> Construction and Transport Minister Janos Lazar said the details of the project will be worked out in 1H 2024. <\/p>\n

Background: <\/strong>The country had been eyeing foreign funding for the overhaul of the neighborhood into a \u201cDubai-style\u201d hub for a few months, though the proposed plan was met with dissent from the municipal government, who said it would crowd the country\u2019s historic skyline. <\/p>\n","protected":false},"excerpt":{"rendered":"

The details of the project will be worked out before the end of 1H 2024<\/p>\n","protected":false},"author":1,"featured_media":77386,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[44,121,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-investment-watch","tag-rail","tag-uae","wpautop","entry"],"acf":{"mongo_id":"83e75d42-7101-4f9f-9654-d9c9d944ff8d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1286.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emirati 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