#RigaPortCity has attracted strategic investor Eagle Hills to develop the entire Andrejsala and Andrejosta area over the next decade, creating an outstanding urban project on the banks of the Daugava River. The design of the first facilities is currently underway, as well as work on the street network and infrastructure, with construction scheduled to start this year.
Exciting news!🎯 #Riga has signed a cooperation memorandum with investors from UAE, which will bring a transformative investment of over 3 billion euros to develop the Andrejsala neighbourhood. The UAE investors "Eagle Hills," renowned for large-scale projects globally, aim to create a multifunctional environment in the 57-hectare area, including 6,500 apartments, a new port terminal, and cultural spaces. The ambitious plan aligns with Riga's priorities, focusing on mobility, housing, business development, and tourism. Riga looks forward to collaborating on this landmark venture, combining local character with world-class urban development. The projects, set to unfold over the next decade, promise to elevate Andrejsala into a vibrant sub-centre connecting history, culture, and modern living. 🏙️ #development #urbantransformation #investment #partnership