UAE’s Eagle Hills to Fund $2 Billion New Botswana City Project

Eagle Hills, the Abu Dhabi-based private real estate investment and development company, has committed to funding the $2 billion "New Botswana City" project. The agreement marks a significant expansion of UAE-led infrastructure investment into Southern Africa. Urban Development and Infrastructure The project, valued at approximately AED 7.35 billion, involves the creation of a mixed-use urban hub in Botswana. Led by Chairman Mohamed Alabbar, Eagle Hills will oversee the master planning and execution of the site, which is expected to include residential units, commercial spaces, and modern logistics infrastructure. Botswana’s government confirmed the partnership following high-level discussions aimed at diversifying the nation's economy beyond diamond mining. The new city is designed to serve as a regional commercial center, leveraging UAE expertise in large-scale urban master planning. Expanding UAE Footprint in Africa This $2 billion commitment follows a series of similar investments by UAE firms across the African continent, focusing on real estate, ports, and renewable energy. The Botswana deal specifically targets urban modernization to support the country's growing middle…