One of the unique features of the project is that old buildings can coexist with modern ones.Continue reading
The government has unveiled plans for a groundbreaking economic cooperation agreement with United Arab Emirates (UAE) businessman Mohamed Alabbar, reports Index.
The owner of the iconic Burj Khalifa tower’s company, Emaar Properties, has submitted a bid for the Rákosrendező (freight yard area) in Budapest, where they intend to construct a Dubai-style skyscraper, surpassing the current tallest building in Budapest, the MOL Campus.
Rákosrendező area. Photo: Wikipedia
The draft agreement outlines key points, including the sale of necessary real estate without public procurement, recognition of the project as of high priority national economic importance of infrastructure development, and legislative measures for successful implementation.
The UAE Government is committing to a EUR 5 billion investment, including a planned railway station at the area.
Despite the ambitious plan, Mayor of Budapest Gergely Karácsony is criticizing the government’s attempt to replicate a controversial project, while Minister of Transport and Construction, János Lázár, promotes the vision of a new millennium city center in Budapest.
Via Index; Featured Image: Pixabay