Mohamed Alabbar has unveiled his ambitious plans to transform Albania with a $2.5bn yachts and marina project.
“I am doing something that has never been done before, never,” says Mohamed Alabbar. That “something” is the spectacular $2.5bn Durres Yachts and Marina project in Albania, being developed by his Eagle Hills Group of companies.
When complete, it will be the largest-ever superyachts marina in the Mediterranean, and a complete transformation of part of the Albanian coastline in the city of Durres.
“The world needs more than one Monaco, and this is where it’s going to be,” he says, adding: “I love Monaco, but it’s so tiny and demand is so high. So here’s my promise: I’m going to give the world another Monaco.”
The development will accommodate yachts and superyachts of up to 120m, along with hotels, private residences, promenades, shops, restaurants and entertainment. It will also include Albania’s first-ever terminal for international cruise liners.
