The MoU, effective for one year with the possibility of extension, does not specify a fixed timeline for the $3bn investment
Eagle Hills will develop the luxury community which will include a top-tier golf course, residential neighbourhoods, and a five-star hotel among other amenities
Located at Tamuda Bay, on the Mediterranean coast, the resort features 83 guestrooms and 17 suites
Alabbar, founder of UAE-based Eagle Hills, was speaking at the pre-opening of the mega Galerija mall