Mohamed Alabbar has been given the green light to build the largest ever super yachts marina in the Mediterranean. The $2.5 billion deal, backed by his Eagle Hills Group of Companies, will see a complete transformation of part of the Albanian coastline in the city of Durres.
“It’s a game-changer, something that we have been working very hard behind the scenes for a long time on. I really don’t think you will find anything like it,” Alabbar said.
Known as “Durres Yachts and Marina”, it is being designed as “one of the most sustainable new cities, incorporating eco-friendly practices, green spaces and smart technology to reduce air pollution and CO2 emissions.”
The development will accommodate yachts and super yachts of up to 120m, along with hotels, private residences, promenades, shops, restaurants and entertainment. It will also include Albania’s first ever terminal for international cruise liners.
Over 80,000 square metres of parks and open spaces, and 170 shopping stores, are also being planned.
Durres is one of Albania’s oldest cities, founded in 627 B.C.E.
Alabbar said: “You have this incredible history in the background, alongside what will be a whole new luxury destination. We’ve done a lot of special projects over the years across the world, but I have no doubt this is right up there with the very best of them.”
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