The United Arab Emirates and Hungary have entered into a significant partnership, with a $5.5 billion deal signed to transform a neglected Budapest neighborhood into a vibrant, Dubai-style hub, as reported by @jackvdutton. This agreement marks a substantial foreign investment in Hungary's capital, aiming to revitalize the area with the glamour and economic vitality reminiscent of Dubai. The deal involves a UAE firm, highlighting the growing economic ties between Hungary and the UAE.
Viktor Orban's son-in-law has emerged as Hungary’s most prominent investor in the tourism industry, including some iconic Budapest establishments https://t.co/o4lW73TAIz
The UAE strikes a $5.5 billion deal with Hungary. https://t.co/XghY1KK3vW
Hungary signs $5.5B deal with UAE firm to develop Budapest neighborhood, @jackvdutton reports https://t.co/rNPz1ckcxN
#Hungary and the #UAE sign a $5.5 billion deal that will see a run-down Budapest neighborhood injected with some #Dubai glitz. https://t.co/eKDVqMiVTf
The UAE and Hungary signed a $5.5 billion deal to develop a Dubai-style hub in a Budapest neighborhood https://t.co/1OyP1ezOVh