# Eagle Hills

A UAE investor and the owner of the strategic partner in Belgrade Waterfront, holding 68% of the company that was given state land on a 99-year lease free of charge. Under the contract, it was also supposed to grant Serbia loans of €90 million for relocating the railway and €40 million for expropriation. Company chairman Mohamed Alabar claims it “pays the state €200,000 a day”, while RFE/RL found €32.6 million in dividends over 11 years in its financial statements.

## Affairs

- [Davor Macura's Alta Bank and state business](https://odgovornost.rs/en/afere/alta-banka)
- [Belgrade Waterfront – a special law and the contract with Eagle Hills](https://odgovornost.rs/en/afere/beograd-na-vodi-ugovor): Under the published contract, the UAE partner gets 68% of the joint company, to which the state leases land for 99 years free of charge

## People

- [Mohamed Alabar](https://odgovornost.rs/en/osobe/mohamed-alabar): chairman of the board of Eagle Hills

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Source: Odgovornost, https://odgovornost.rs/en/organizacije/eagle-hills  
As of: 9 Nov 2026  
Licence: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/deed.en)