BAKU, Azerbaijan, June 4. Sea Breeze and
Sberbank have signed an agreement on the implementation of
technological solutions in Azerbaijan, 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.
"Today, we signed an agreement with Sberbank to integrate their
high technologies not only into the Sea Breeze project but also
beyond Sea Breeze across the territory of Azerbaijan. Cooperation
between Azerbaijan and Russia is developing in many directions,
including the economy, transport, and technology. The Sea Breeze
project was initiated around 20 years ago and over this time has
turned into a major development project," he said.
As Agalarov noted, several million square meters of real estate
have already been built within the framework of the project, while
4.5 million square meters are simultaneously under construction:
"The total volume of the project will amount to 30 million square
meters."
According to him, around 50,000 residents currently live in Sea
Breeze, and in the future, the city will be designed for 500,000
people.
Agalarov also informed that agreements were signed with
approximately 15 international hotel operators over the past
year.
He further noted that the first hotels are planned to open as
early as this year.
In addition, Agalarov said that two schools, a kindergarten, a
children's art center, a hospital, and a yacht marina are operating
on the territory of the project.
