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===Development=== [[File:Belgrade Waterfront 1.jpg|thumb|220px|[[Belgrade Waterfront]]]] In 2014, [[Belgrade Waterfront]], an urban renewal project, was initiated by the [[Government of Serbia]] and its [[United Arab Emirati|Emirati]] partner, [[Eagle Hills Properties]]. Around €3.5 billion was to be jointly invested by the Serbian government and their Emirati partners.<ref>{{cite news |url=http://www.blic.rs/Vesti/Ekonomija/435629/Ovako-ce-izgledati-Beograd-na-vodi |title=Ovako će izgledati "Beograd na vodi" |publisher=Blic.rs |date=19 January 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140222204657/http://www.blic.rs/Vesti/Ekonomija/435629/Ovako-ce-izgledati-Beograd-na-vodi |archive-date=22 February 2014}}</ref>{{update inline|date=December 2021}} The project includes office and luxury apartment buildings, five-star hotels, a shopping mall and the envisioned '[[Belgrade Tower]]'. The project is, however, quite controversial—there are a number of uncertainties regarding its funding, necessity, and its architecture's arguable lack of harmony with the rest of the city.<ref>{{cite web |url=https://www.forbes.com/sites/wadeshepard/2016/12/08/inside-abu-dhabis-bad-joke-the-belgrade-waterfront-project/#49c14d826c12 |title=A Look at Abu Dhabi's 'Bad Joke': The Belgrade Waterfront Project |website=[[Forbes]] |access-date=7 November 2017 |archive-date=7 November 2017 |archive-url=https://web.archive.org/web/20171107172658/https://www.forbes.com/sites/wadeshepard/2016/12/08/inside-abu-dhabis-bad-joke-the-belgrade-waterfront-project/#49c14d826c12 |url-status=live }}</ref> In addition to [[Belgrade Waterfront]], the city is under rapid development and reconstruction, especially in the area of [[New Belgrade|Novi Beograd]], where (as of 2020) apartment and office buildings were under construction to support the burgeoning [[Belgrade IT sector]], now one of Serbia's largest economic players. In September 2020, there were around 2000 active construction sites in Belgrade.<ref>{{cite web |last=Online |first=Piše: Danas |date=19 September 2020 |title=Vesić: U Beogradu se ove godine gradi više nego lane |url=https://www.danas.rs/beograd/vesic-u-beogradu-se-ove-godine-gradi-vise-nego-lane/ |access-date=22 December 2020 |website=Dnevni list Danas |language=sr-RS |archive-date=23 October 2020 |archive-url=https://web.archive.org/web/20201023014923/https://www.danas.rs/beograd/vesic-u-beogradu-se-ove-godine-gradi-vise-nego-lane/ |url-status=live }}</ref> The city budget for 2023 stood at 205,5 billion dinars (1.750 billion Euros).<ref>{{Cite web|url=https://n1info.rs/english/news/belgrade-2023-budget-adopted/|title=Belgrade 2023 budget adopted|date=27 December 2022|website=N1}}</ref> The budget for the city of Belgrade has been estimated to be more than 2 billion Euros for 2024.
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