BAKU, Azerbaijan, June 4. The
Sea Breeze project on Half Moon Island, a 50-hectare development,
will see the development of approximately one million square meters
of real estate, entertainment facilities, and branded properties,
Emin Agalarov, President of Agalarov Development and Founder of the
Sea Breeze resort city, said during the “Russia – Azerbaijan”
session held within the framework of the St. Petersburg
International Economic Forum (SPIEF-2026), Trend reports.
According to him, the Cipriani Tower, projected by Killa Design,
will become the tallest building in Azerbaijan.
Agalarov also announced that the opening of the Venetian Harbour
complex, which is being built on the Sea Breeze property, is
scheduled for next summer.
He noted that following the adoption of the law on the
integration of the gaming industry in Azerbaijan, the project plans
to build a 90,000 square meter casino.
According to Agalarov, Azerbaijan receives just under three
million tourist visits annually, and Sea Breeze predicts this
figure will double in the next four to five years.
He also announced that the Dream Arena concert venue will have a
capacity of 50,000 people after expansion.
Furthermore, Agalarov said that the 200-hectare Fire Island
project plans to relocate the Formula 1 track from the city.
According to him, the Medical Cluster project envisions the
integration of ten of the world’s leading hospitals, rehabilitation
centers, and universities.
Agalarov also announced the implementation of a project at the
Shahdag ski resort and the construction of the Sea Breeze project
in Uzbekistan.
According to him, the decision to launch the project in
Uzbekistan was made following the Uzbek President’s visit to Sea
Breeze last summer.
Furthermore, Agalarov announced the implementation of a project
in Montenegro, for which an agreement was signed with the Nobu
hotel brand, as well as a partnership with Atlas Group on the
Benefit project in Sochi.
