Mohamed Alabbar

Abu Dhabi-based Eagle Hills plans to build a $12 billion mixed-use mega-development in the Maldives.

Mohamed Al-Abar, head of Eagle Hills and chairman of Dubai's Imar Properties, revealed that the project spans 5.2 million square meters on an island just 20 minutes from the capital, Mali.

The development will feature thousands of residential units, luxury resorts, hotels, retail outlets, schools, clinics, a water park and a marina across five distinct districts.

Designed to meet rising demand from Gulf, European and Indian buyers, the project will generate 40,000 total jobs, including 15,000 permanent positions, boosting the Maldives' national revenue while extending the global footprint of UAE developers.

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the largest donor there, um, you know, if we kind of zoom in a bit more, and I think we talk about Egypt and what's going on there, their investment into Sahel, uh, you know, through Al Abbar, I think it, in, in that sense, it really is successful.

Yeah.

And I think the metrics are there, and they really do show for themselves.

I think they're people that can be trusted with that.

They have a trend.

Their younger brother, Mohammed Al Khayat, I saw him in the photos with Mohammed Al Abbar in Latakia in Syria.

Nice.

Which brings me to my point of we saw the announcement of how Americana restaurants, they're bringing Taco Bell.

And look, I understand Al-Abbar.

In his statement, he said that this is the coolest thing that you can bring for the younger generation.

But I actually don't agree.

And more UAE capital could follow.

So we saw recently how Mohammed al-Abbar is planning up to $18 billion in investments through Badawi-based Eagle Hills, including major developments in Damascus and Latakia, spanning homes, hotels, offices, retail, schools and hospitals.

And UAE investment is already extending beyond real estate.

DB World began implementing its $800 million investment in Tartus port, while 80 ports group agreed to acquire a 20% stake in Latakia International Container Terminal in Syria.