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.
