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Eagle Hills launches $1.5bn golf resort in Baghdad

By Pramod Kumar
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.

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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.

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