Skip to content Skip to Search
Skip navigation

Eagle Hills launches $1.5bn golf resort in Baghdad

Eagle Hills chairman Mohamed Alabbar (left) with Iraqi prime minister Mohammed Shia Al-Sudani (centre), at the launch of the Baghdad Golf Course and Spa project Eagle Hills
Eagle Hills chairman Mohamed Alabbar (left) with Iraqi prime minister Mohammed Shia Al-Sudani (centre), at the launch of the Baghdad Golf Course and Spa project

UAE developer Eagle Hills has revealed plans to build a mega mixed-use development in Iraq’s capital city.

Abu Dhabi-based Eagle Hills has acquired land to develop the $1.5 billion Baghdad Golf Course and Spa, including an international golf course, high-end residential buildings, a five-star hotel and a resort club.

“Baghdad is a city with a rich history and vibrant culture,” said Mohamed Alabbar, chairman of Eagle Hills at the project’s launch in the presence of Iraqi prime minister Mohammed Shia Al-Sudani.

No construction timelines were given.

A bilateral investment treaty, which was signed between Iraq and the UAE in October 2021, was ratified by both states last year.  

Ali Metwally, director of economic intelligence at ITI Consulting, told AGBI in April that would-be investors from the UAE were likely to find encouragement in the treaty. 

“Despite Iraq’s long-standing economic and financial potential, much of it remains untapped, making this partnership all the more compelling,” he said.

Abu Dhabi Ports Group signed a preliminary agreement with the General Company for Ports of Iraq in April to set up a joint venture to develop the Al-Faw Grand Port, its economic zone and any future expansion. 

DP World last year launched the first direct freight service between the UAE and Iraq to speed up the flow of goods between the two countries.

Iraq is the sixth largest trading partner for the UAE, with bilateral trade volumes exceeding $28 billion in 2023, up 13 percent compared to 2022.

Latest articles

Shoppers choose vegetables in Istanbul; inflation means people are spending on essentials

Turkish retailers’ confidence wavers as inflation bites

Confidence is falling among Turkish retailers, according to a survey from the country’s statistics agency Turkstat. Shoppers have been scaling back on big-ticket purchases, spending instead on basic consumer goods as inflation piles pressure on household incomes. May’s business confidence report, released by Turkstat on June 24, showed sentiment in the retail sector at its […]

Water is handed out to pilgrims in Mecca. Hundreds of pilgrims without a Hajj permit died during extreme heat last week

Egypt shuts down 16 travel companies after Hajj tragedy

Egypt has withdrawn the operating licences of 16 travel companies for organising unlicensed Hajj trips to Saudi Arabia. A statement from the Egyptian government said the companies would be prosecuted and fined, with the funds used to compensate pilgrims’ families for their loss.  Hundreds of Egyptians were among 1,301 people who died of exposure to […]

A floating production unit in Israel's Karish gas field in the eastern Mediterranean. Carlyle is creating a new oil and gas company to manage the field

New Carlyle entity to manage East Med gas projects

Carlyle, the Nasdaq-listed private equity company, is creating a new oil and gas company to manage recently-acquired assets in the Mediterranean hydrocarbons market. The new as yet un-named entity will be led by former BP CEO Tony Hayward and will manage a portfolio of gas-weighted exploration and production assets in Italy, Egypt and Croatia, according […]

Spinneys plans to open another 12 stores in Saudi Arabia by 2028

Spinneys opens first Saudi supermarket in Riyadh

Spinneys has opened its first supermarket in Saudi Arabia and is planning a further 12 stores in the country by 2028. The UAE supermarket operator listed on the Dubai Financial Market last month and raised AED1.38 billion ($375.7 million) from its initial public offering, which was oversubscribed almost 64 times. The first Spinneys in Saudi […]