D
ubai billionaire Mohamed Alabbar is eyeing Montenegro as his next investment destination. Under a new five-year economic agreement, the Balkan country will welcome Emirati investment for two new tourism hubs. Eagle Hills Properties, led by Alabbar from Abu Dhabi, has submitted the highest bids to lease a stretch of southern coastline. However, locals are objecting to leasing the project to a foreign company.

    This isn't the first time Alabbar's faced resistance: his plan to develop a Budapest district dubbed "mini Dubai" was scrapped after the city council bought the land for affordable housing instead. As a key figure in the UAE's global real estate expansion, Alabbar has recently partnered with Jared Kushner's Affinity Partners on a luxury project in Belgrade and is overseeing a $6 billion development in Tbilisi, Georgia.