Will the Hungarian opposition thwart the mini Dubai project in Budapest?
The opposition Párbeszéd plans to initiate a constitutional amendment to prevent the government from transferring the Rakosrendezo area in Budapest to Arab investors, the party’s co-leader said on Thursday.
Rebeka Szabó said that at least thirty tenants would be “put out in the street” from the service flats they currently occupy in the area. She demanded that these residents be offered good quality and affordable housing in exchange.
Szabo said that instead of building skyscrapers in the area, an affordable, energy-efficient and eco-friendly garden district should be developed.
She said one of Budapest’s “golden reserves” was planned to be transferred to the investors. She added that “an environmentally catastrophic investment” would be started and “the money will be stolen”.
Read also:
- Giga project: Launch of mini Dubai starts in Budapest – Read more HERE
- Luxurious Mini-Dubai in Budapest: Europe’s tallest tower and a shopping mall underway – Details in THIS article
Here is Rebeka Szabó’s video:
Throughout the world the commercial real estate sector has been as dead as Orban’s brain. The pandemic pushed work from home and the working world is not going back. The question is who is going to occupy all those offices in this sky scraper? God forbid that the Hungarian state takes on any debt granting money for this venture like Orban has been doing on his Chinese battery plant deals.