ROSHN Group – Arabian Business Directory

ROSHN Group

Unit No 4898, Building No 2877 ,King Abdullah Financial District, King Fahad Road ,Alaqiq District , Riyadh 13519 ,Saudi Arabia
+966 - 920022288
customercare@roshn.sa
www.roshn.sa
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ROSHN Group is Saudi Arabia's leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, serving as a key enabler of Saudi Vision 2030. ROSHN Group is transforming the urban landscape with human-centric, integrated developments that elevate connectivity and enhance the quality of life across the Kingdom. With sustainability and innovation at the forefront, ROSHN Group ensures a holistic and harmonious lifestyle within its developments. The Group remains committed to advancing the objectives of Saudi Vision 2030 through its active participation in the Housing Program, the Quality-of-Life Program, and the Public Investment Fund Program.
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Dr Khalid Joher

Acting ROSHN Group Chief Executive Officer

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Charles Biele

Group Chief Operating Officer

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Sultan AlHunaiti

Group Chief Financial Officer

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Ghada Alrumayan

Group Chief Marketing and Communications Officer

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Oussama Kabbani

Group Chief Development Officer

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Jason Margetts

Group Chief Sales Officer

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Wael Wahbeh

Group Chief Legal Officer

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Jayesh Maganlal

Group Chief Information & Digital Officer

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Yassen Kattan

Executive Director, Strategy & Corporate Affairs

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Rakan AlHuthali

Executive Director, Corporate Governance, Risk Management and Compliance

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Roger Fatovic

Executive Director, Program Management

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Iain Mcbride

Executive Director, Commercial Affairs

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Roshn inks deals to develop Sedra plots

Roshn Group a leading Saudi developer powered by sovereign wealth fund PIF has signed agreements worth SAR1.191 billion ( 317.2 million) to develop prime plots of land within the Sedra residential community in Riyadh. One of the most sought-after residential developments in the Saudi capital Sedra is spread across an area of 20 million sq m. The first deal was inked with Arabian Dyar a pioneering real estate group to develop a 55 000-sq-m land plot. Under this the project will focus on delivering quality residential offerings designed to meet the needs of modern families. With a strong emphasis on sustainability innovation and lifestyle-focused planning the development aims to provide residents with a vibrant and well-connected environment. Earlier ROSHN had signed similar agreements with real estate groups Tiraz Al Arabia and Alramz Real Estate to develop integrated commercial facilities within the Sedra community. Alramz said its deal worth SAR91 million was for the purchase and development of two residential plots in Riyadh. As per the deal a total of 240 residential units will come up on these plots spanning a total area of 14 128 sq m it added.

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ROSHN, Geberit sign strategic collaboration framework

ROSHN Group Saudi Arabia s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company has signed a memorandum of understanding (MoU) with Geberit International Sales a company incorporated in Switzerland and part of the global Geberit Group. The MoU establishes a strategic collaboration framework to explore opportunities in sustainable sanitary technology and local manufacturing within the Kingdom of Saudi Arabia. Under this framework Geberit will serve as a principal partner of sanitary products and related services for ROSHN Group s current and future large-scale developments. The collaboration reflects ROSHN Group s commitment to partnering with global industry leaders that share its focus on innovation sustainability and local value creation. It also supports the kingdom s Vision 2030 objectives by advancing localisation enhancing the built environment and promoting technology-driven solutions that contribute to economic diversification. Tamer Qazi Managing Director of Geberit International Sales (Gulf Office) stated: We are honoured to partner with ROSHN Group a leading force in Saudi Arabia s transformation under Vision 2030. This agreement marks a significant milestone in Geberit s journey to expand its local production footprint strengthen technical collaboration and deliver sustainable high-performance building solutions that define the future of Saudi Arabia s urban landscape. This partnership reinforces both companies shared vision of sustainable growth innovation and capacity building within Saudi Arabia s construction ecosystem. The Geberit Group is a European leader in the field of sanitary products and celebrated its 150th anniversary in 2024. Headquartered in Rapperswil-Jona Switzerland Geberit operates 26 production facilities four of which are overseas and has a strong local presence across more than 50 countries. With around 11 000 employees worldwide Geberit generated net sales of CHF3.1 billion ( 3.84 billion) in 2024. The company s shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012.

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ROSHN champions design talent through Musahama

The ROSHN Group Saudi Arabia s leading multi-asset developer owned by the Public Investment Fund (PIF) launched the latest edition of its Musahama Design Competition at the recently held Cityscape Global in Riyadh underscoring its commitment to nurturing local architectural and design talent. The Musahama programme is a key part of the group s mandate to contribute to the kingdom s growth and talent development goals specifically aiming to foster a new generation of Saudi architects capable of creating bold and culturally resonant urban designs. Gulf Construction sat down with Oussama Kabbani Group Chief Development Officer to discuss the expanded competition and the crucial role the group plays in knowledge transfer and skill development within the industry. This year the challenge requires entrants to design a small modular and easy-to-deploy structure intended to function as a public space and become recognisable as a ROSHN design signature. Registration is open to a broad range of creative professionals and students with a submission deadline set for early next year. Excerpts of the interview with Oussama Kabbani Group Chief Development Officer: Can you tell us about the Musahama Design Competition? As a Public Investment Fund (PIF)-owned company and the leading multi-asset developer in the kingdom ROSHN s remit covers the development of local talent. And one area which matters more than most is design and architecture. We want to foster the next generation of Saudi architects who approach design as an opportunity to enrich our urban environment with concepts that are at once bold and at the same time nod to the country s rich design tradition. We launched the first design competition last year as part of the wider Musahama programme unveiled by the PIF last year. And the response was outstanding with over 370 students and graduates taking part alongside 160 local design firms. This year we have extended the programme and made the brief much wider with a challenge that will push the capabilities of those people who are applying. What is the challenge for this year and how do people apply? We are asking entrants to design a small modular easy-to-deploy structure that is both recognisable as a ROSHN design and which can be used as a space which is open to the public. We want to see designs that are bold that are different and which inspire. Designs should also be versatile they should be modular and adaptable. The competition is open from now and we are looking forward to welcoming both creative professionals and students to apply including architects and urban designers landscape architects and planners interior and exhibition designers artists and graphic designers. Any student studying architecture design art or a related field can also apply. Teams will need to submit a concept narrative a kit-of-parts drawing plans and sections to demonstrate the design s use and configuration and 3D visualisations of the design and how it will be used and material specifications. Submissions will be judged on five criteria including iconicity urban activation adaptability execution potential and sustainability. Teams will have until January 1 to register and then just over two months to submit their ideas for judging. The jury is international from across the Gulf and the wider Middle East region and will include architects artists and product designers and I myself am the chair. Why is this project important to you? On a group level our mandate is to contribute to the kingdom s growth and one way of doing this is to promote knowledge transfer and talent development which this competition will do. On a personal level as someone who has spent his whole career in design and who has been able to contribute to the urban transformation of cities around the region and the world I want to give back and offer people entering the industry an opportunity to try something new showcase their skills and work as a team to create an idea that will have impact. I was impressed by the ideas I saw when judging earlier for Musahama and I am excited to see what the teams come up with this year. ROSHN Group has said that it has a target of training up to 5 000 young Saudis in development-related areas between now and 2030. Why is this an important subject to the group? Fundamentally we are a company of people. Our people are the driving force and we are powered by people. We are always looking to invest in people either internally with our employees or externally with the wider ecosystem. We have a wider goal to train over 5 000 Saudis by 2030 in areas such as development and construction. We are a strategic partner for azm Program the workforce development programme introduced by the Public Investment Fund. Via this partnership we are supporting the training of young Saudi professionals in areas such as construction development project management and health and safety. Musahama is part of this effort to raise the skills and abilities of the next generation of Saudi youth as part of our push to transform the k ingdom s urban environment.

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ROSHN achieves landmark sales, progress on ALAROUS

ROSHN Group Saudi Arabia s leading multi-asset developer and a Public Investment Fund (PIF) company has announced a number of updates on its projects in Jeddah and Makkah with progress being made across the board for its different community and mixed-use projects in the country s Western Region. ALAROUS ROSHN s first community project in Jeddah encompasses approximately 4 million sq m across three phases and borders the group s iconic mixed-use MARAFY waterfront destination. The group has signed four land sale agreements within the large-scale integrated community in north Jeddah last month. Valued at a total of more than SAR448 million ( 119 million) the agreements span more than 87 000 sq m earmarked for new residential and mixed-use developments. The agreements were signed during Cityscape Global 2025 in Riyadh with four local developers. The first agreement concluded with Miskan is valued at SAR222.6 million and covers more than 40 500 sq m while the second signed with Arabian Dyar is valued at SAR110.4 million and involves an area of over 27 400 sq m. Additional agreements with Abyatona and Sateaa Al Tameer are valued at SAR115.9 million and cover a total land area of approximately 19 300 sq m. Under the agreements the companies will act as sub-developers delivering standalone residential projects within the ALAROUS masterplan. These partnerships represent a significant advancement of ROSHN Group Local Content Program (RGLCP) reinforcing the group s commitment to supporting the growth of Saudi Arabia s real estate ecosystem. By enabling local developers to participate in its pipeline of large-scale communities ROSHN Group contributes to the Saudi Vision 2030 goals of economic diversification and a more vibrant private sector. ALAROUS which will ultimately deliver more than 18 000 homes is redefining modern living standards as Jeddah s first fully integrated community. Strategically located north of King Abdulaziz International Airport the project has reached significant progress milestones as it steadily transforms from vision to reality. Currently overall infrastructure works have surpassed 91 per cent completion covering essential utilities such as potable water sanitary sewage network irrigation system storm drainage power and telecommunications along with road networks constructed to international standards and now approaching final completion. Landscaping activities have also commenced and are expected to be finalised by the fourth quarter of 2026. Extensive coordination with external stakeholders has ensured that all infrastructure and social infrastructure requirements are seamlessly aligned with city-level operations. The first 132/13.8 kV power substation is already energised providing operational readiness for the community while the second substation expandable to 380/132 KV is under construction and is planned to be energised by the third quarter of 2027 to serve future phases of the development Residential construction within Phase 1A of ALAROUS is advancing at 41 per cent progress targeting completion and handover by the third quarter of 2026. Complementing the residential zones work on the Jumaa Mosque retail district public amenities and landscaped community spaces is progressing in tandem further shaping ALAROUS into a vibrant and inclusive neighbourhood designed to foster modern and sustainable living. MARAFY CANAL Alongside ALAROUS is the 11-km MARAFY canal which forms a fundamental part of the wider mixed-use programme. Stretching 2.5 km in length and 100 m in width this one segment of the canal is progressing toward completion as per the development s schedule. To date approximately 80 per cent of the excavation equivalent to about 2.45 million cu m of material has been completed. Construction of the quay wall system is under way with over 1 250 linear metres (LM) of precast wall sections already installed. The canal works also include three vehicular bridges with the first bridge scheduled to have its structural deck slab cast by the end of this year. Additionally a large-diameter hydraulic pipeline is being laid with 630 LM installed to date. Collectively these milestones highlight the rapid pace of transformation and the project s commitment to quality and timely delivery. ALMANAR Meanwhile the ALMANAR Project located at Makkah Gate along the Makkah Jeddah Expressway spans approximately 11.5 sq km and is being developed in four distinct phases. The current focus is on Phase One which covers 2.52 sq km and features a 3.5-km frontage along the expressway. Development of this phase encompasses comprehensive infrastructure networks single- and multi-family villas commercial spaces public amenities and a 132/13.8 kV power substation. Infrastructure works in ALMANAR have reached 71 per cent completion including sanitary sewage network potable water stormwater drainage telecommunications irrigation landscaping and road networks. Progress on vertical construction including the single-family units and associated public amenities has reached 11 per cent while the power substation stands at 79 per cent completion. All active work packages are progressing on schedule and overall project timelines remain firmly on track. Together ALAROUS and ALMANAR exemplify the kingdom s broader urban development vision by delivering modern sustainable and integrated communities that set new benchmarks for infrastructure excellence and quality of life.

Read More
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ROSHN inks $119m land sale agreements for prime Jeddah project

ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a Public Investment Fund (PIF) company has signed four land sale agreements within ALAROUS its large-scale integrated community in North Jeddah. Valued at a total of more than SAR448 million ( 119 million) the agreements span more than 87 000 sqm earmarked for new residential and mixed-use developments. The agreements were signed during Cityscape Global 2025 with four local developers. The first pact worth SAR222.6 million was inked with Miskan covering more than 40 500 sq m area while the second signed with Arabian Dyar is valued at SAR110.4 million and includes over 27 400 sqm. Additional agreements with Abyatona and Sateaa Al Tameer are valued at SAR116 million and cover a total land area of 19 300 sqm. Under the agreements the companies will act as sub-developers delivering standalone residential projects within the ALAROUS masterplan. ALAROUS is ROSHN Group s first integrated community in Jeddah. Spanning 4 million sq m across three phases the development will ultimately deliver more than 18 000 homes. The community is located adjacent to MARAFY an iconic mixed-use waterfront destination built around an 11-km canal. These partnerships represent a significant advancement of ROSHN Group Local Content Program (RGLCP) reinforcing its commitment to supporting the growth of Saudi Arabia s real estate ecosystem. By enabling local developers to participate in its pipeline of large-scale communities ROSHN Group contributes to the Saudi Vision 2030 goals of economic diversification and a more vibrant private sector.

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Roshn inks deals to develop Sedra plots

Roshn Group a leading Saudi developer powered by sovereign wealth fund PIF has signed agreements worth SAR1.191 billion ( 317.2 million) to develop prime plots of land within the Sedra residential community in Riyadh. One of the most sought-after residential developments in the Saudi capital Sedra is spread across an area of 20 million sq m. The first deal was inked with Arabian Dyar a pioneering real estate group to develop a 55 000-sq-m land plot. Under this the project will focus on delivering quality residential offerings designed to meet the needs of modern families. With a strong emphasis on sustainability innovation and lifestyle-focused planning the development aims to provide residents with a vibrant and well-connected environment. Earlier ROSHN had signed similar agreements with real estate groups Tiraz Al Arabia and Alramz Real Estate to develop integrated commercial facilities within the Sedra community. Alramz said its deal worth SAR91 million was for the purchase and development of two residential plots in Riyadh. As per the deal a total of 240 residential units will come up on these plots spanning a total area of 14 128 sq m it added.

Read More
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ROSHN, Geberit sign strategic collaboration framework

ROSHN Group Saudi Arabia s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company has signed a memorandum of understanding (MoU) with Geberit International Sales a company incorporated in Switzerland and part of the global Geberit Group. The MoU establishes a strategic collaboration framework to explore opportunities in sustainable sanitary technology and local manufacturing within the Kingdom of Saudi Arabia. Under this framework Geberit will serve as a principal partner of sanitary products and related services for ROSHN Group s current and future large-scale developments. The collaboration reflects ROSHN Group s commitment to partnering with global industry leaders that share its focus on innovation sustainability and local value creation. It also supports the kingdom s Vision 2030 objectives by advancing localisation enhancing the built environment and promoting technology-driven solutions that contribute to economic diversification. Tamer Qazi Managing Director of Geberit International Sales (Gulf Office) stated: We are honoured to partner with ROSHN Group a leading force in Saudi Arabia s transformation under Vision 2030. This agreement marks a significant milestone in Geberit s journey to expand its local production footprint strengthen technical collaboration and deliver sustainable high-performance building solutions that define the future of Saudi Arabia s urban landscape. This partnership reinforces both companies shared vision of sustainable growth innovation and capacity building within Saudi Arabia s construction ecosystem. The Geberit Group is a European leader in the field of sanitary products and celebrated its 150th anniversary in 2024. Headquartered in Rapperswil-Jona Switzerland Geberit operates 26 production facilities four of which are overseas and has a strong local presence across more than 50 countries. With around 11 000 employees worldwide Geberit generated net sales of CHF3.1 billion ( 3.84 billion) in 2024. The company s shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012.

Read More
img

ROSHN champions design talent through Musahama

The ROSHN Group Saudi Arabia s leading multi-asset developer owned by the Public Investment Fund (PIF) launched the latest edition of its Musahama Design Competition at the recently held Cityscape Global in Riyadh underscoring its commitment to nurturing local architectural and design talent. The Musahama programme is a key part of the group s mandate to contribute to the kingdom s growth and talent development goals specifically aiming to foster a new generation of Saudi architects capable of creating bold and culturally resonant urban designs. Gulf Construction sat down with Oussama Kabbani Group Chief Development Officer to discuss the expanded competition and the crucial role the group plays in knowledge transfer and skill development within the industry. This year the challenge requires entrants to design a small modular and easy-to-deploy structure intended to function as a public space and become recognisable as a ROSHN design signature. Registration is open to a broad range of creative professionals and students with a submission deadline set for early next year. Excerpts of the interview with Oussama Kabbani Group Chief Development Officer: Can you tell us about the Musahama Design Competition? As a Public Investment Fund (PIF)-owned company and the leading multi-asset developer in the kingdom ROSHN s remit covers the development of local talent. And one area which matters more than most is design and architecture. We want to foster the next generation of Saudi architects who approach design as an opportunity to enrich our urban environment with concepts that are at once bold and at the same time nod to the country s rich design tradition. We launched the first design competition last year as part of the wider Musahama programme unveiled by the PIF last year. And the response was outstanding with over 370 students and graduates taking part alongside 160 local design firms. This year we have extended the programme and made the brief much wider with a challenge that will push the capabilities of those people who are applying. What is the challenge for this year and how do people apply? We are asking entrants to design a small modular easy-to-deploy structure that is both recognisable as a ROSHN design and which can be used as a space which is open to the public. We want to see designs that are bold that are different and which inspire. Designs should also be versatile they should be modular and adaptable. The competition is open from now and we are looking forward to welcoming both creative professionals and students to apply including architects and urban designers landscape architects and planners interior and exhibition designers artists and graphic designers. Any student studying architecture design art or a related field can also apply. Teams will need to submit a concept narrative a kit-of-parts drawing plans and sections to demonstrate the design s use and configuration and 3D visualisations of the design and how it will be used and material specifications. Submissions will be judged on five criteria including iconicity urban activation adaptability execution potential and sustainability. Teams will have until January 1 to register and then just over two months to submit their ideas for judging. The jury is international from across the Gulf and the wider Middle East region and will include architects artists and product designers and I myself am the chair. Why is this project important to you? On a group level our mandate is to contribute to the kingdom s growth and one way of doing this is to promote knowledge transfer and talent development which this competition will do. On a personal level as someone who has spent his whole career in design and who has been able to contribute to the urban transformation of cities around the region and the world I want to give back and offer people entering the industry an opportunity to try something new showcase their skills and work as a team to create an idea that will have impact. I was impressed by the ideas I saw when judging earlier for Musahama and I am excited to see what the teams come up with this year. ROSHN Group has said that it has a target of training up to 5 000 young Saudis in development-related areas between now and 2030. Why is this an important subject to the group? Fundamentally we are a company of people. Our people are the driving force and we are powered by people. We are always looking to invest in people either internally with our employees or externally with the wider ecosystem. We have a wider goal to train over 5 000 Saudis by 2030 in areas such as development and construction. We are a strategic partner for azm Program the workforce development programme introduced by the Public Investment Fund. Via this partnership we are supporting the training of young Saudi professionals in areas such as construction development project management and health and safety. Musahama is part of this effort to raise the skills and abilities of the next generation of Saudi youth as part of our push to transform the k ingdom s urban environment.

Read More
img

ROSHN achieves landmark sales, progress on ALAROUS

ROSHN Group Saudi Arabia s leading multi-asset developer and a Public Investment Fund (PIF) company has announced a number of updates on its projects in Jeddah and Makkah with progress being made across the board for its different community and mixed-use projects in the country s Western Region. ALAROUS ROSHN s first community project in Jeddah encompasses approximately 4 million sq m across three phases and borders the group s iconic mixed-use MARAFY waterfront destination. The group has signed four land sale agreements within the large-scale integrated community in north Jeddah last month. Valued at a total of more than SAR448 million ( 119 million) the agreements span more than 87 000 sq m earmarked for new residential and mixed-use developments. The agreements were signed during Cityscape Global 2025 in Riyadh with four local developers. The first agreement concluded with Miskan is valued at SAR222.6 million and covers more than 40 500 sq m while the second signed with Arabian Dyar is valued at SAR110.4 million and involves an area of over 27 400 sq m. Additional agreements with Abyatona and Sateaa Al Tameer are valued at SAR115.9 million and cover a total land area of approximately 19 300 sq m. Under the agreements the companies will act as sub-developers delivering standalone residential projects within the ALAROUS masterplan. These partnerships represent a significant advancement of ROSHN Group Local Content Program (RGLCP) reinforcing the group s commitment to supporting the growth of Saudi Arabia s real estate ecosystem. By enabling local developers to participate in its pipeline of large-scale communities ROSHN Group contributes to the Saudi Vision 2030 goals of economic diversification and a more vibrant private sector. ALAROUS which will ultimately deliver more than 18 000 homes is redefining modern living standards as Jeddah s first fully integrated community. Strategically located north of King Abdulaziz International Airport the project has reached significant progress milestones as it steadily transforms from vision to reality. Currently overall infrastructure works have surpassed 91 per cent completion covering essential utilities such as potable water sanitary sewage network irrigation system storm drainage power and telecommunications along with road networks constructed to international standards and now approaching final completion. Landscaping activities have also commenced and are expected to be finalised by the fourth quarter of 2026. Extensive coordination with external stakeholders has ensured that all infrastructure and social infrastructure requirements are seamlessly aligned with city-level operations. The first 132/13.8 kV power substation is already energised providing operational readiness for the community while the second substation expandable to 380/132 KV is under construction and is planned to be energised by the third quarter of 2027 to serve future phases of the development Residential construction within Phase 1A of ALAROUS is advancing at 41 per cent progress targeting completion and handover by the third quarter of 2026. Complementing the residential zones work on the Jumaa Mosque retail district public amenities and landscaped community spaces is progressing in tandem further shaping ALAROUS into a vibrant and inclusive neighbourhood designed to foster modern and sustainable living. MARAFY CANAL Alongside ALAROUS is the 11-km MARAFY canal which forms a fundamental part of the wider mixed-use programme. Stretching 2.5 km in length and 100 m in width this one segment of the canal is progressing toward completion as per the development s schedule. To date approximately 80 per cent of the excavation equivalent to about 2.45 million cu m of material has been completed. Construction of the quay wall system is under way with over 1 250 linear metres (LM) of precast wall sections already installed. The canal works also include three vehicular bridges with the first bridge scheduled to have its structural deck slab cast by the end of this year. Additionally a large-diameter hydraulic pipeline is being laid with 630 LM installed to date. Collectively these milestones highlight the rapid pace of transformation and the project s commitment to quality and timely delivery. ALMANAR Meanwhile the ALMANAR Project located at Makkah Gate along the Makkah Jeddah Expressway spans approximately 11.5 sq km and is being developed in four distinct phases. The current focus is on Phase One which covers 2.52 sq km and features a 3.5-km frontage along the expressway. Development of this phase encompasses comprehensive infrastructure networks single- and multi-family villas commercial spaces public amenities and a 132/13.8 kV power substation. Infrastructure works in ALMANAR have reached 71 per cent completion including sanitary sewage network potable water stormwater drainage telecommunications irrigation landscaping and road networks. Progress on vertical construction including the single-family units and associated public amenities has reached 11 per cent while the power substation stands at 79 per cent completion. All active work packages are progressing on schedule and overall project timelines remain firmly on track. Together ALAROUS and ALMANAR exemplify the kingdom s broader urban development vision by delivering modern sustainable and integrated communities that set new benchmarks for infrastructure excellence and quality of life.

Read More
img

ROSHN inks $119m land sale agreements for prime Jeddah project

ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a Public Investment Fund (PIF) company has signed four land sale agreements within ALAROUS its large-scale integrated community in North Jeddah. Valued at a total of more than SAR448 million ( 119 million) the agreements span more than 87 000 sqm earmarked for new residential and mixed-use developments. The agreements were signed during Cityscape Global 2025 with four local developers. The first pact worth SAR222.6 million was inked with Miskan covering more than 40 500 sq m area while the second signed with Arabian Dyar is valued at SAR110.4 million and includes over 27 400 sqm. Additional agreements with Abyatona and Sateaa Al Tameer are valued at SAR116 million and cover a total land area of 19 300 sqm. Under the agreements the companies will act as sub-developers delivering standalone residential projects within the ALAROUS masterplan. ALAROUS is ROSHN Group s first integrated community in Jeddah. Spanning 4 million sq m across three phases the development will ultimately deliver more than 18 000 homes. The community is located adjacent to MARAFY an iconic mixed-use waterfront destination built around an 11-km canal. These partnerships represent a significant advancement of ROSHN Group Local Content Program (RGLCP) reinforcing its commitment to supporting the growth of Saudi Arabia s real estate ecosystem. By enabling local developers to participate in its pipeline of large-scale communities ROSHN Group contributes to the Saudi Vision 2030 goals of economic diversification and a more vibrant private sector.

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Sports Boulevard Foundation in deal to set up real estate investment fund

The Sports Boulevard Real Estate Development and Investment Company has signed contracts with Saudi-based Rikaz Properties to establish the third real estate investment fund with a combined value of more than 186 million to develop key assets within Urban Wadi in the city of Riyadh. With these latest agreements the total number of signed funds now reaches three with a combined value exceeding 1.6 billion said a statement from Sports Boulevard Foundation. This reflects the Sports Boulevard s commitment to enabling private sector participation strengthening the investment environment and supporting Riyadh s transformation into one of the world s most liveable cities. A premium project Urban Wadi is located within the Sports Boulevard project in Hittin District - extending from Suwaid bin Harthah Street in the west to Ar Rub Al Khali Street in the east. The destination has been designed to deliver integrated experiences that bring together sport natur...

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Oman's Suhar Industrial City attracts $555m investment in H1

Oman s Public Establishment for Industrial Estates (Madayn) has announced that its Suhar Industrial City has attracted more than RO214 million ( 555 million) in investment commitments during the first half with 39 contracts signed for projects covering more than 1.1 million sq m area. The contracts included 22 new projects 12 expansions four substitutions as well as a renewal. Madayn said it is currently implementing several development projects at Suhar Industrial City including a consultancy study for the rehabilitation of existing infrastructure and supporting services across Phases 1 to 6 as well as the completion of infrastructure works for Phase 7. The Omani industrial estates operator also plans to implement a number of strategic projects under the 11th Five-Year Development Plan (2026 2030). These include a comprehensive infrastructure rehabilitation and service modernisation programme the construction of integrated service facilities and b...

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Dubai property rental contracts set for record year

The Dubai real estate market remains on course in 2026 to set a new all-time high for rental contracts recorded in one year. A market analysis from fäm Properties today shows that 38 197 rental contracts were registered in July - 18 431 of these new agreements with 19 766 renewals. This takes the total number of rental contracts recorded for the first seven months in 2026 to 214 445 a 1.9% increase on the same period last year which ended with a record number of 377 660 registered contracts. To date in 2026 reflecting a consistent apartments preference in the market 88 327 (41%) of tenancy contracts registered were for one-bedroom units. Meanwhile the market delivered 13 872 sales transactions valued at AED34.5 billion ( 9.39 billion) last month. Once again off plan sales dominated with 9 585 transactions worth AED20.5 billion compared with 4 287 valued at AED14.0 billion in the resale market. Data from DXBinteract shows Dubai South as ...

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Sharjah's real estate transactions in July jump 62pc to $1.9bn

Real estate transactions in Sharjah rose 61.8% in July from the previous month to AED7 billion ( 1.91 billion) with the number of deals increasing 25.3% to 9 376 according to the Sharjah Real Estate Registration Department. Sales transactions covered about 27.2 million sq ft during the month reflecting continued activity in the emirate s property market. The Department attributed the increase in activity to infrastructure investment large-scale development projects and a regulatory environment aimed at attracting regional and international investors. Ownership certificate transactions totalled 4 049 during the month while ownership deed transactions reached 3 356. The department also recorded 466 mortgage transactions worth AED1 billion along with 1 185 initial sales contracts and 320 property valuations. A total of 2 884 sales transactions were completed across 129 areas of the emirate including 1 347 land sales 894 subdivided units and 64...

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Ras Al Khaimah attracts $210 million investment in H1

The UAE Emirate of Ras Al Khaimah continues to establish its position as a leading investment destination attracting AED771.5 million ( 210 million) in the first half of 2026. The number of newly registered establishments during the period reached 967. Ras Al Khaimah drew a total of 1 399 new investors from 68 nationalities around the world. Dr Rashid Khalfan Al Nuaimi Director General RAK Chamber emphasised that these indicators reflect the positive performance of the local economy and the continued growth across various economic activities. The emirate witnessed renewal of 9 963 licences and 138 new establishments in the free zones in addition to the opening of 70 branches of local and foreign establishments. He added that these investments are expected to create around 2 449 job opportunities further supporting economic development and strengthening the country s position as one of the most attractive investment destinations. -TradeAra...

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Nuclear sector needs $6trn investment by 2050, WNA says

Annual investment in nuclear energy must triple to around 250 billion to meet projections for more than tripling global nuclear capacity by 2050 according to the inaugural World Nuclear Investment Guide published by the World Nuclear Association (WNA). The guide estimates the sector will require around 6 trillion in investment through 2050 covering the full nuclear value chain from uranium mining and fuel production to reactor construction decommissioning and waste storage reported World Nuclear News. The WNA said achieving this target would require significant private-sector participation alongside public funding. According to the association s latest World Nuclear Outlook Report global nuclear generating capacity could increase to 1 446 GWe by 2050 up from the current 403 GWe of operable reactors if all existing planned and proposed projects along ...

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Global travel, tourism investment surpasses $1trn in 2025: WTTC

The World Travel & Tourism Council (WTTC) has revealed its latest Economic Impact Research (EIR): Global Trends Report highlighting the critical role of investment and supportive policies in driving the next phase of global Travel & Tourism growth. The report sponsored by Chase Travel WTTC s Lead Research Partner found that global Travel & Tourism investment surpassed 1 trillion in 2025 increasing 8.5% year-on-year. The sector also outperformed the wider global economy contributing a record 11.6 trillion to global GDP. WTTC said continued investment is essential for strengthening destinations improving connectivity creating jobs and supporting long-term economic growth. The report identified the US China India and Saudi Arabia as leading investment markets collectively accounting for nearly half of global Travel & Tourism capital in...

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Qiddiya Investment Co launches initiative to develop Saudi engineering talent

Saudi Arabia s Qiddiya Investment Company has announced PlayPath a new mid-career recruitment and development initiative designed to attract develop and accelerate Saudi engineering talent supporting the delivery of Qiddiya City. The initiative seeks to recruit Saudi engineers into Manager-level positions spanning several key disciplines said a Saudi Press Agency report. PlayPath responds to the growing need for experienced Saudi engineering professionals with the skills and capabilities required to support the development and delivery of Qiddiya City s current and future projects. The initiative complements Qiddiya Investment Company s existing early career programs by focusing specifically on qualified Saudi professionals with relevant industry experience and the potential to become future leaders. Participants will join Qiddiya Investment Company in roles with real responsibility and accountability and undertake a structured development pathway. The in...

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Saudi non-oil economy powers next phase of real estate growth

The Kingdom of Saudi Arabia remains one of the world s most active real estate development markets supported by robust non-oil economic growth ongoing regulatory reform and a substantial pipeline of infrastructure and real estate projects according to CBRE global leader in commercial real estate. While global economic uncertainty and regional geopolitical tensions continue to weigh on certain sectors the kingdom s long-term development agenda remains firmly on track stated CBRE in its Saudi Arabia Real Estate Market Review for the second quarter of 2026. Non-oil economic activities expanded by 2.9% year-on-year in Q1 2026 helping drive overall GDP growth of 3% while government capital expenditure continues to support the delivery of large-scale projects across the country. The kingdom s real estate sector is benefiting from this sustained investment environment with multiple giga-projects transport tourism and entertainment infrastructure projects...

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Numbers that tell why Dubai remains one of World’s strongest real estate markets

Dubai s real estate market continued to consolidate its position among the strongest property markets worldwide in 2026 supported by a comprehensive range of economic and investment indicators reflecting strong demand high liquidity sustained capital inflows and an increasingly advanced regulatory and digital ecosystem according to W Capital Real Estate Brokerage. In a new analytical study the company said the market s performance should not be assessed solely through price movements. A more accurate evaluation must also consider deeper indicators including transaction values sales volumes investment returns luxury property deals end-user demand population growth and ease of doing business. Together these factors have strengthened Dubai s position as one of the world s most stable resilient and attractive real estate markets. Walid Al Zarooni Chairman of W Capital Real Estate Brokerage said that 2026 represents a new stage in the developm...

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Bahrain strengthens investment ties with France, Monaco after high-level economic mission

Bahrain has reinforced its economic and investment partnerships with France and the Principality of Monaco following a high-level four-day mission led by Noor bint Ali Alkhulaif Minister of Sustainable Development and Chief Executive of the Bahrain Economic Development Board (Bahrain EDB). The visit which featured a series of strategic meetings with government officials investors business leaders and economic partners underscored Bahrain s commitment to expanding bilateral cooperation attracting investment and supporting sustainable economic growth across key sectors. In France the Bahrain EDB delegation held discussions with strategic partners and business executives while also participating in activities surrounding the 2026 Tour de France one of the world s premier sporting events. Bahrain s pavilion at the event served as a platform to engage with international investors and senior corporate l...

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Oman's real estate deal value in H1 soars to $3.7bn

Oman s real estate transaction value surged by 5.4% year-on-year to hit RO1.434 billion ( 3.7 billion) for the first six months of 2026 mainly driven by higher sales activity reported ONA citing data from the National Centre for Statistics and Information (NCSI) showed. As per NCSI data the value of sales contracts increased 12.2% to RO688 million while the number of transactions rose 6.9% to 34 017 compared with RO613 million and 31 831 transactions in the same period a year earlier. However the value of mortgage contracts edged down 0.3% to RO740.2 million although the number of mortgage agreements increased 25.7% to 13 383 from 10 647 a year earlier. The value of property swap contracts rose 20.3% to 5.8 million rials while the number of swap transactions fell 39.3% to 362. The NCSI said the number of title deeds issued declined 8% year-on-year to 101 700 while title deeds issued to citizens of Gulf Cooperation Council countries fell 22.4% ...

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Saudi residential property transactions down 21pc in Q2

Saudi Arabia s real estate transaction volumes edged higher in the second quarter from the previous three months although activity remained weak compared with a low base in the first quarter according to Al Rajhi Capital a leading financial group in Saudi Arabia. The residential transaction volumes across the kingdom fell 21% from a year earlier led by declines of 34% in Riyadh 16% in Jeddah 11% in Madinah and 8% in Makkah stated Al Rajhi Capital in its report. Land transaction volumes dropped 42% year on year reflecting weaker activity across the market particularly in Riyadh it stated. However Saudi Arabia s real estate price index rose 1.3% in the second quarter from a year earlier driven by a 2.6% increase in residential property prices which offset weaker commercial property prices it added. -TradeArabia News Service ...

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Libya to spotlight upstream investment at LEES 2027

Libya will place upstream investment at the centre of its energy strategy with the launch of a dedicated Upstream Hub at the Libya Energy & Economic Summit (LEES) 2027 taking place in Tripoli from January 23 25. The platform will bring together the Ministry of Oil and Gas the National Oil Corporation (NOC) international oil companies service providers and investors to advance exploration production and technology deployment across the country s hydrocarbon sector. The event comes as Libya shifts from its first upstream licensing round in 17 years into an execution-focused growth phase. Following the award of five exploration blocks and the signing of production sharing agreements in June 2026 authorities are preparing a second licensing round expected in late 2026 or early 2027 under the revised EPSA-V framework. The agenda will examine licensing reforms...

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Dubai commercial property sales jump 183pc in H1, says report

Dubai s commercial property market recorded its strongest first-half performance on record in 2026 with sales rising 183% from a year earlier and exceeding the total value recorded in all of 2025 according to a research report by W Capital Real Estate Brokerage. The brokerage citing Dubai Land Department data said commercial property sales including offices and retail units reached AED19.5 billion ( 5.3 billion) through 3 415 transactions in the first six months of 2026 up from AED6.9 billion across 2 472 deals in the corresponding period of 2025. The first-half total also exceeded the AED18.1 billion in commercial property sales recorded during the whole of 2025 by 7.7% reflecting growth in the value of traded assets as well as sustained demand for commercial space. The average commercial property transaction value increased to AED5.7 million in the first half from AED2.8 million a year earlier which W Capital attributed to stronger demand for higher-valu...

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Cityscape Global to highlight investment shift toward integrated developments

Saudi Arabia s ambition to welcome 150 million annual visitors by 2030 alongside an estimated 6.3 billion in potential private global real estate investment is accelerating demand for integrated destinations that combine hospitality retail leisure and residential development says a report. Taking place from November 16 to 19 at the Riyadh Exhibition & Convention Centre (Malham) Cityscape Global 2026 brings together the industry leaders driving this next phase of growth. Across international markets experience-led developments are redefining how real estate creates long-term value. Mixed-use districts that combine hospitality retail entertainment culture and branded residences are attracting greater investor interest by creating year-round communities and diversified revenue streams it said. Diriyah has exhibited at Cityscape Global since the event launch in Riyadh in 2023 and is among the landmark developments helping advance Saudi Arabi...

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Gulf construction stays resilient as conflict weighs on real estate: report

Gulf construction remains resilient despite the Middle East conflict but real estate developers are beginning to feel the impact as weaker investor sentiment and slowing sales weigh on the sector S&P Global Ratings said. The ratings agency said strong government infrastructure spending and ongoing megaprojects continue to support construction activity across the region even as rising material costs squeeze contractors margins. By contrast the full impact of the conflict on real estate is only now beginning to emerge particularly in markets that rely heavily on expatriate residents and foreign investment. The UAE currently has 628 confirmed construction projects worth 138 billion while Saudi Arabia has 421 projects valued at 168 billion underscoring the resilience of the sector despite supply chain disruptions. However construction costs are expected to rise sharpl...

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UAE developers shift focus to execution as construction output seen at $131bn

The UAE s construction sector is shifting from rapid expansion to a phase where project execution sustainability and regulatory compliance will become increasingly important as developers seek to deliver a growing pipeline of projects according to consultancy Access Consult. The country s construction output is forecast to reach about 130.8 billion by 2029 supported by continued real estate it stated. Strong demand continued to support the market stated the consultancy citing a 12% year-on-year increase in Dubai building permits which rose to 10 776 in the first quarter and real estate transactions worth AED252 billion ( 68.6 billion) over the same period. The first half of 2026 has shown that the UAE construction market is no longer defined simply by growth. The industry is entering a more mature phase where the ability to deliver projects efficiently sustainably and at scale is becoming just as important as launching them said a top official. The ...

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Eurodia secures $20m investment to accelerate industrial expansion

Eurodia Industrie a global specialist in industrial liquid extraction and purification technologies has secured an 18 million ( 20 million) minority investment from Starquest Capital and Yotta Capital Partners to support its international expansion and industrial scale-up. Founded in 1988 Eurodia develops customised processes to extract separate purify concentrate and recover components from complex liquids. Its technologies including electrodialysis chromatography adsorption ion exchange resins and membrane filtration help industries reduce carbon emissions improve resource efficiency and transition toward more sustainable production models. The company s solutions address major industrial challenges including direct lithium extraction and recycling process electrification mineral recovery water and energy savings CO capture and biobased chem...

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Dubai Chambers explores ways to strengthen trade, investment ties with Shanghai

Dubai Chambers discussed ways to advance bilateral relations between Dubai and China during a recent meeting with the Shanghai Federation of Industry and Commerce. The discussions focused on strengthening trade and investment cooperation between the business communities in both markets supporting the growth of bilateral partnerships and creating new avenues for companies to capitalise on the promising opportunities available in Dubai and China. The meeting took place during a visit by a Dubai Chambers delegation to the federation s headquarters in Shanghai. The two sides explored opportunities to deepen institutional cooperation and strengthen engagement between the private sectors in Dubai and China. They also discussed ways to support Chinese companies seeking to expand into regional markets through Dubai and capitalise on the emirate s position as a global hub for business and trade said a Dubai Chambers statement. The meeting showcased Duba...

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Turkish Airlines joins sustainable aviation fuel investment fund

Turkish Airlines has signed an agreement to participate in SAFFA Fund I LP an investment fund managed by Burnham Sterling Asset Management (BSAM) that aims to accelerate the development and production of sustainable aviation fuel (SAF). The move supports the airline s long-term growth strategy sustainability goals and efforts to strengthen aviation fuel supply security. Launched in December 2023 SAFFA Fund focuses on expanding SAF production capacity by investing in technologically mature projects across different production methods and regions. Managed by BSAM and anchored by Airbus the fund includes participation from major airlines and global aviation and financial institutions. Turkish Airlines investment will provide greater access to SAF initiatives while enabling the carrier to engage in projects involving sustainabl...

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SGS, Al Jeri Investment partner to support energy sector development

SGS has signed a Memorandum of Understanding (MoU) with Al Jeri Investment Company to explore collaboration opportunities across strategic sectors including energy logistics and industrial services in Saudi Arabia. The two-year agreement aims to combine SGS s global testing inspection and certification expertise with Al Jeri Investment s industry knowledge to develop solutions that enhance compliance operational efficiency and safety standards. The partnership will focus on identifying potential projects and delivering services that support improved quality management risk reduction and operational performance. The companies will develop joint initiatives through separate agreements based on specific business needs. The collaboration is expected to strengthen confidence across industrial operations while supporting sustaina...

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W Hotels opens first Saudi Arabia property in Riyadh’s KAFD

W Hotels part of Marriott Bonvoy s global portfolio has opened W Riyadh KAFD marking the brand s debut in Saudi Arabia. Located in King Abdullah Financial District (KAFD) the hotel combines luxury hospitality dining and social experiences with locally inspired design. The opening of W Riyadh KAFD is a significant moment for the brand as it enters Saudi Arabia and reinforces our commitment to redefining luxury lifestyle hospitality across the Middle East said Helen Leighton Vice President Luxury Brands EMEA. W Hotels has always been rooted in creativity and culture and W Riyadh KAFD is an expression of the brand s design ethos anticipatory service evolution and immersive programming. Designed by LW Design the property incorporates Saudi heritage through elements inspired by Najdi textiles Al Sadu weaving patterns and desert landscapes. o:p...

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BlackBrick bullish on Abu Dhabi's long-term residential property outlook

BlackBrick one of the UAE s leading real estate advisory firms has identified Abu Dhabi as one of the country s most compelling long-term residential investment markets as economic diversification government-backed masterplanning and international investment continue to strengthen confidence in the capital s long-term outlook. According to the luxury property expert Abu Dhabi s residential market is being shaped by factors that extend well beyond property alone. Foreign direct investment into the emirate s real estate sector hit AED8.2 billion ( 2.2 billion) in 2025 up 13% year-on-year while the continued growth of Abu Dhabi Global Market (ADGM) has cemented the capital s status as an international financial hub with its workforce expanding by 51% last year. Wider economic fundamentals play key role Combined with record numbers of visitors to Abu Dhabi these wider economic fundamentals are strengthening confidence in the city s lon...

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Oman's real estate transactions soar to $3bn in first five months

The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier driven by higher mortgage activity and a modest increase in property sales reported ONA citing official data. The total value of real estate traded reached RO1.18 billion ( 3.05 billion) by the end of May up from RO1.11 billion ( 2.8 billion) last year according to data released by the National Centre for Statistics and Information (NCSI). The value of property sales increased 2.9% to RO551.8 million with the number of sales contracts rising 2.1% to 27 864. Mortgage activity recorded stronger growth with the value of mortgage contracts climbing 7.9% year-on-year to 618.1 million rials across 11 130 contracts compared with 572.7 million rials from 9 140 contracts a year earlier according to the NCSI data. The value of exchange contracts rose 17.8% to RO5.4 million although the number of such contracts fell to 319 from 538 during the same...

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US, Iraq discuss deeper economic ties, energy investment

US President Donald Trump met today (July 15) at the White House with Iraqi Prime Minister Ali Faleh Al Zaidi who is on a visit to the United States. During the meeting they discussed ways to strengthen bilateral relations and the talks focused on strengthening bilateral relations expanding economic ties and enhancing cooperation in energy according to statements released after the meeting. Trump said the US had supported Iraq in its fight against Islamic State also known as Daesh and would continue backing Al-Zaidi s government in efforts to promote stability and advance economic initiatives. He also highlighted Iraq s importance to global energy markets. He also underscored Iraq s significant importance in the fields of energy and the global economy. Prime Minister Al-Zaidi affirmed Iraq needs a strategic partner of the stature of the United States to overcome the economic and technological challenges it faces. In remarks following his meeting w...

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Sharjah real estate transactions top $8bn in H1, up 9.3%

The total value of real estate sector transactions in Sharjah reached approximately AED29.5 billion ( 8.03 billion) during the first half of 2026 marking a 9.3 percent increase compared to the same period in 2025. The Sharjah Real Estate Registration Department executed 59 460 transactions recording a growth of 23.7 percent compared to the same period last year reflecting the continued momentum and activity witnessed by the emirate s real estate market said a WAM news agency report. Abdulaziz Ahmed Al-Shamsi Director-General of the Sharjah Real Estate Registration Department said the results reflect the strength of Sharjah s real estate market and the continuation of its growth trajectory. He emphasised that the increase in trade value and the number of transactions demonstrates the growing confidence of investors while reflecting the efficiency of the real estate ecosystem and its ability to adapt to economic changes and attract quality investments thereby...

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Bahrain proposes mandatory NOC for property transactions

Buying a property in Bahrain could soon come with an added layer of protection after the kingdom s Capital Trustees Board backed a proposal requiring a No Objection Certificate (NOC) confirming a building is free from hidden municipal violations before a sale is completed reported the Gulf Daily News our sister publication. For further details visit https://www.gdnonline.com ...

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e& announces $5.95bn sale of Vodafone investment

Emirates Telecommunications Group Company (e&) has announced the termination of its relationship agreement with Vodafone Group and sale of its shares in the company for approximately AED21.8 billion ( 5.95 billion). This follows a comprehensive strategic review of its international investment portfolio the company said In connection with this e& s board representative has stepped down from his position as a non-executive director of Vodafone. Following the termination of the relationship agreement e& has signed a binding agreement with Vega an acquisition vehicle wholly owned by the Niel family group to divest its entire holding of 3 944 743 685 ordinary shares in Vodafone representing approximately 16.21% of Vodafone s issued share capital and 17.13% of its total voting rights for a total consideration of 112.5 GBp per share. This comprises approximately 110.5 GBp per share in cash from the buyer and Vodafone s final FY26 dividend (of 2.02 GBp p...

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UAE attracted $48.3bn foreign direct investment in 2025

The UAE attracted 48.3 billion (AED177.3 billion) in inbound foreign direct investment (FDI) in 2025 marking a fourth consecutive year of record inflows and a 6% increase year-on-year. The country now ranks 9th globally among destinations for FDI according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report. His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai stated: According to the latest World Investment Report the UAE continues to solidify its status as a global destination for investment and opportunities. In 2025 we attracted a record AED177.3 billion in FDI inflows recording a 6% growth while FDI stock grew to AED1.17 trillion. HH Sheikh Mohammed added: The UAE ranked ninth globally among destinations for inbound FDI and maintained for the third consecutive year its second place globally by greenfield projects with a total of 1 562 projects. ...

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Arada launches new funds platform to target real estate opportunities

Global master developer Arada will launch Arada Capital a new funds management platform to develop and manage institutional-grade investment opportunities across real estate asset classes in the Middle East and selected international markets. To be based in the Abu Dhabi Global Market (ADGM) Arada Capital has received its In-Principle Approval (IPA) from the ADGM s Financial Services Regulatory Authority (FSRA) and is in the process of seeking the final licensing approvals from the FRSA to act as a fund manager. Following that approval Arada Capital s funds will be designed to allow institutional and qualified investors to participate directly in Arada s pipeline and broader GCC real estate opportunities. The platform s proposed target will be US 5 billion of assets under management (AUM) to be achieved over the four years after the fund has been established said a statement. Arada Capital will be chaired by Prince Khaled bin Alwaleed bin Talal Executive ...

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Focus: GCC moves from pilot projects to mega-scale 3D printed construction

3D concrete printing is no longer restricted to basic residential shells. From a world-record-breaking 10 000-sq-m school in Qatar and tapered water tanks in Kuwait that slash material use by 25 per cent to modular prefabrication in Oman and record-height villas in Saudi Arabia COBOD s printer systems are helping regional contractors bypass traditional formwork dependencies to secure a competitive market edge the company s founder tells Gulf Construction. As governments and developers across the Gulf seek faster more sustainable and technologically advanced methods of construction 3D concrete printing (3DCP) is steadily progressing from experimentation to mainstream application. Among the companies driving this shift is Denmark-based COBOD International whose printer systems have been used on some of the region s most ambitious additive construction projects from villas and mosques to schools hydrogen research facilities and water infrastructure. According to ...

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Mabani Aljazeera plans big investment in premium Kenyan residential tower

Mabani Aljazeera Holding Group a leading private Saudi Arabian construction and investment company has announced plans to invest in Jabali Towers located at the heart of Tatu City Special Economic Zone (SEZ) in Kenya. A premier mixed-use project Jabali Towers boast two towers (a 25- and a 36-storey tower) offering a mix off studios one- to three-bedroom apartments starting from KES10.2 million ( 78 200) providing homeowners and investors with an opportunity to own a residence in Kenya s leading mixed-use SEZ. Mabani Aljazeera said the project is receiving an overwhelming response from investors with the first tower already more than 80% sold. Earlier this week Tatu City appointed China Road and Bridge Corporation as the main contractor for the 88 000/sq m development. The Saudi group said the equity investment is being made through its subsidiary Swan Properties thus marking a major milestone for East Africa representing a significant vot...

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Saudi real estate company Al Tahaluf rebranded HOV Global

Saudi-based Al Tahaluf Real Estate Company today (July 2) has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments a subsidiary of Hovnanian Enterprises one of the largest homebuilders in the US. The rebranding marks the next chapter in the company s growth and reflects KHME s confidence in Saudi Arabia s housing market and economic future said the Saudi company in a statement. As the majority owner of HOV Global the company brings international expertise in large-scale residential hospitality lifestyle and master-planned developments supporting the creation of sustainable world-class destinations across Saudi Arabia and the broader region. Derived from Hovnanian s NYSE ticker symbol HOV the new name establishes a unified identity across the company s developments throughout the kingdom it stated. Existing customers contracts partnerships and projects rema...

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Tanmia, FIM Partners Muscat launch $249m Omani real estate fund

Oman National Investments Development Company (Tanmia) has announced that it has joined forces with FIM Partners Muscat for the establishment of a new fund - Oman Real Estate Development Fund - that will focus on investment opportunities related to real estate development projects across the sultanate. The Fund aims to invest no less than RO96 million ( 249 million) in domestic real estate development projects with a focus on economically viable ventures utilising investment instruments that include preference shares and similar investment vehicles. It is designed to attract long-term institutional capital and provide innovative financing solutions to developers underpinned by high standards of governance investment discipline and project oversight. This approach is intended to accelerate project execution and deliver sustainable value said a statement from Tanmia. The launch of the Fund comes amid rapid growth in Oman s real estate sector driven by the ongoi...

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UN Tourism, The Bench join forces on tourism investment

UN Tourism and The Bench have signed a Memorandum of Understanding (MoU) in Madrid formalising a strategic partnership to strengthen global tourism investment innovation and education. The agreement was signed by Shaikha Al Nuwais Secretary-General of UN Tourism and Ali Shahid CEO of The Bench building on years of collaboration including recent engagement at FHS Saudi Arabia in Riyadh. The partnership establishes a framework to promote sustainable tourism development and deepen public-private cooperation. It aims to support entrepreneurship accelerate startup growth and unlock new investment opportunities across international markets. Using The Bench s Future Hospitality Summit (FHS) platforms the collaboration will deliver high-level investor and policy dialogues innovation-led initiatives and knowledge-sharin...

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Aseer offers 44 tourism investment sites for summer season

Saudi Arabia s Aseer Region Municipality is expanding investment opportunities in the tourism sector by offering 44 seasonal investment sites during the summer season reported SPA. This comes as part of its efforts to empower investors enrich visitors experiences and increase the contribution of tourism and entertainment activities to the local economy amid the region s growing tourism momentum. Aseer Region Mayor Eng. Abdullah Al-Jali said the municipality is implementing a comprehensive plan to support the summer tourism season through two main tracks. The first focuses on continuing infrastructure projects and urban landscape improvements including roads sidewalks parks lighting and municipal services while the second centres on developing investment opportunities and organising events and activities that enhance the ap...

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Dubai property investors becoming selective, look at long-term, says report

Dubai s real estate market is entering a more mature phase with investors becoming increasingly selective and focused on long-term fundamentals rather than rapid price gains according to a new investor confidence report. While confidence in the emirate s long-term prospects remains strong investors are adopting a more cautious stance over the next 12 months as geopolitical tensions global economic conditions liquidity infrastructure and project execution play a greater role in investment decisions. The Dubai Property Investor Confidence Report 2026 released by Morgan s International Realty found that the market is shifting from momentum-driven investing to conviction-driven investing with buyers placing greater emphasis on developer reputation project quality transparency and long-term resilience. The findings point toward a market entering a more sophisticated stage of evolution the report said. Investors remain constructive on Dubai s long-term tra...

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European Investment Bank, Airbus sign $1.1bn loan for aerospace innovation

The European Investment Bank (EIB) and Airbus have signed a 1 billion ( 1.1 billion) loan to support research and development in Europe s aerospace sector forming the first tranche of a wider 3 billion financing package. The funding will support Airbus investment programme through 2030 focusing on advanced technologies and integrated systems for commercial aviation as well as security and defence capabilities. Projects will be carried out across France Germany and Spain strengthening Europe s aerospace and defence ecosystems. The EIB described the agreement as its largest corporate loan framework to date designed to reinforce Europe s technological leadership and industrial competitiveness. The financing aims to enhance innovation in aircraft development and defence systems while supporting long-term manufacturing excellence. Ac...

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Narrative Shapers launches foreign sales service for Saudi developers

Riyadh-based advisory firm Narrative Shapers has launched a one-stop shop for Saudi-based developers who are looking to grow their sales to non-Saudi buyers. The firm s team which comprises real estate experts who have worked on some of the Kingdom s gigaprojects as well as for international developers and commercial real estate service providers will offer support in the areas of sales marketing and communication to ensure that developers are able to grow their international presence and optimise their sales abroad said a statement. The launch of this service follows the announcement in January of a law allowing non-Saudis to purchase and own real estate in the Kingdom. Last week the country s council of ministers approved a series of regulations related to the law. Foreign real estate ownership is part of the country s Vision 2030 programme which seeks to attract foreign investment and make the Kingdom a leader in real estate development by the e...

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MRI Software unveils new solutions within its AI-powered real estate platform

MRI Software a global leader in real estate software and services has announced the launch of two new solutions within its AI-powered real estate platform - MRI Agora. The first MRI Agora Intelligence delivers proactive portfolio signals and recommended actions to the people who need them. The second MRI Agora Orchestrator executes real estate-specific agentic workflows automatically with the governance and audit trail enterprise operators require. MRI Agora is designed to help real estate teams across the commercial residential subsidized housing facilities management and corporate occupier sectors globally operationalize AI safely securely and at scale. Built on a shared real estate data foundation it combines intelligence workflow execution and governance in a single platform with every recommendation and action traceable to its source. Rather than requiring organizations to build their own semantic layers validation rules governance...

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Dubai's real estate projects value top $75bn in H1

The current pace of launches have put Dubai on track for one of its biggest real estate years in history with the value of prospect and new development projects across the emirate since the beginning of 2026 surging to more than AED275 billion ( 75 billion) accortding to a survey conducted by W Capital Real Estate Brokerage. This indicator reflects the continued exceptional momentum in the real estate sector and reinforces the emirate s entry into the largest half-year cycle of new real estate project launches in its history it stated. The announcements during the first half included 250 new real estate projects launched and registered with the Dubai Land Department (DLD) valued at nearly AED75 billion in addition to the mega-project announced by Emaar Properties in June valued at up to AED200 billion. The projects launched during the first five months of the year comprise 59 400 residential units and 10 800 villas reflecting the continued focus on the residen...

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India seeks deeper UAE diaspora investment as FCNR deposits hit $33.7bn

India is looking to attract greater participation from overseas Indians in its growth story as Non-Resident Indian (NRI) deposits reach approximately 166 billion including 33.7 billion in Foreign Currency Non-Resident (FCNR) deposits industry leaders revealed. They were speaking at the India Wealth Window 2026 held at Taj Dubai Business Bay. Organised by the Indian Business & Professional Council (IBPC Dubai) the high-level financial conclave brought together policymakers bankers investors and business leaders to discuss opportunities emerging from India s economic expansion including a newly highlighted FCNR-linked wealth creation structure startup investments and broader capital market participation. A highlight of the evening was the launch of A True Story the memoir of veteran UAE diplomat and statesman Mirza Hussain Al Sayegh. Offering a rare first-hand account of the early years of UAE-India relations the book draws on HE Al Sayegh s experiences as ...

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Arcapita, Hines eye investments in GCC industrial, logistics real estate

Arcapita Group Holdings the global alternative investment firm has signed a partnership deal with Hines one of the world s largest real assets investment managers to jointly explore the creation of an institutional-grade platform focused on industrial and logistics real estate assets across the Gulf region. The platform would seek to combine Hines global real estate investment development and operating standards with Arcapita s regional investment structuring and asset management expertise supported by Lintara Arcapita s local operating platform. Through the partnership the two companies would focus on jointly originating structuring and executing investments across both development opportunities and stabilized income-producing assets. On the strategic tieup Arcapita s Chief Investment Officer Martin Tan said: This strategic partnership marks an important step in our approach to the GCC industrial and logistics opportunity. Market fundamentals across t...

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Transformation reshapes Middle East retail real estate landscape, says expert

GCC region s retail real estate sector is expanding rapidly but traditional space-centric models are insufficient. A new report by Boston Consulting Group (BCG) titled Imagining the Future of Retail: Beyond Space offers a comprehensive examination of the strategic readiness of retail real estate developers across the Middle East. Drawing on BCG s project experience and interviews with senior leaders across the GCC s major mixed-use retail entertainment and lifestyle developments the report says that the region s retail real estate sector is witnessing its most ambitious physical expansion in generations with millions of square meters of gross leasable area (GLA) under development across megaprojects in Riyadh Jeddah Dubai and Doha. In several GCC markets luxury retail space expansion has already outpaced growth in addressable consumer spending reshaping sales per square meter and current development strategies. In addition competition is intensifying ...

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WTTC launches seven principles for tourism investment

The World Travel & Tourism Council (WTTC) launched its new global framework The Seven Principles for Attracting Tourism Investment setting out the key conditions destinations need to become investment-ready attract private capital strengthen competitiveness and accelerate sustainable tourism growth. Launched by WTTC President & CEO Gloria Guevara the framework draws on the common characteristics of the world s most successful tourism investment destinations and provides a practical roadmap for governments seeking to create the conditions for long-term tourism growth. The principles reflect WTTC s vision of best practice for attracting long-term investment and are designed to help destinations unlock economic growth job creation infrastructure development and sustainable tourism expansion. The Seven Principles are: Leg...

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King Abdullah Financial District seals partnership with Osool Real Estate

King Abdullah Financial District Development and Management Company (KAFD DMC) the developer and operator of the Kingdom s premier business and lifestyle destination and Osool a leading real estate investment and asset management company have signed an agreement that will see the duo explore investment in real estate development and operations opportunities across its portfolio of development projects. The signing follows KAFD s recent SAR12 billion ( 3.2 billion) Murabaha facility and further broadens the district s base of private-sector capital. The MoU is non-binding and subject to further exploration ahead of execution. The agreement with Osool reflects a shared commitment to supporting Riyadh s continued growth as a global business investment and lifestyle hub in line with Saudi Vision 2030. It also highlights the growing role of institutional investment and private-sector partnerships in enabling the next generation of integrated urb...

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Emirates NBD, RBL Bank complete strategic $2.75bn investment deal

Emirates NBD Bank and RBL Bank Limited today announced the successful completion of Emirates NBD s acquisition of a majority stake in RBL Bank through a primary infusion of approximately 2.75 billion ( INR 260 billion). The transaction originally announced on October 18 2025 has now concluded following receipt of all requisite approvals and satisfaction of closing conditions. The transaction underscores Emirates NBD s long-term commitment to the Indian market and represents a landmark development in the Indian financial services sector driven by RBL Bank s strong platform providing opportunity to leverage on India s growth story. It constitutes the largest foreign direct investment in the Indian banking sector the largest equity fund raise in the Indian banking sector one of the largest fund raises through preferential issuance by a listed company in India and marks the first acquisition of a majority interest in a profitable Indian bank by a foreign bank. /...

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GCC investment-grade spreads back at pre-war levels: Fitch

GCC fixed-income yields are benefitting from a decline in geopolitical risk premiums following the US-Iran deal according to Fitch Ratings. This is reflected in yield spreads between GCC investment-grade debt and US Treasury bonds having returned to pre-war levels. Spreads on speculative-grade GCC sukuk remain higher reflecting a wider risk premium. In absolute terms GCC fixed-income yields fell from their March peaks but remain high reflecting US Treasury rate volatilities to which GCC markets are closely correlated due to US dollar currency pegs. GCC sukuk continue to have lower yields than GCC bonds on average due to broader demand from Islamic banks. The spread between GCC yields and US Treasuries indicates that geopolitical risk premiums have eased. The yield to maturity (YTM) spread between the S&P GCC Sukuk Index and the S&P US Treasury Bond Index narrowed to 67bp as of 15 June broadly back to its pre-conflict level (70bp on 27 February) and ...

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Dubai to attract AED1 trillion in real estate investments within 5 years: expert

New real estate projects worth AED1 trillion ( 272.29 billion) will be launched or developed in Dubai within the next five years says W Capital a real estate brokerage firm. The investments will be driven by continued population growth the influx of foreign investment and the ongoing announcement of mega-projects by leading real estate developers it said. ...

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Mena emerges as $642bn hub for clean industry investment

The Middle East and North Africa (Mena) region is emerging as a major global hub for clean industrial investment with 84 announced projects representing around 642 billion in potential spending across clean fuels fertilisers steel and aluminium according to a report by Mission Possible Partnership and the Industrial Transition Accelerator. The report Clean Industry Rising: the foundation of resilient value chains highlights accelerating momentum in global clean industrial financing with 19 projects worth 43 billion reaching final investment decision in the past six months double the pace of a year earlier. It notes that clean production is scaling rapidly in energy-intensive sectors such as aviation fuels shipping fuels and metals amid rising energy volatility and trade fragmentation. Within Mena several countries are playing distinct rol...

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Early works begin at BEEAH's flagship real estate development in Sharjah

Leading UAE sustainability pioneer BEEAH has announced that early works have begun at its flagship real estate development - Khalid Bin Sultan City - in Sharjah with Building Company (BEST) appointed to deliver the enabling works package. Concept master-planned by Zaha Hadid Architects Khalid Bin Sultan City is envisioned as a next-generation destination that brings together residential commercial and lifestyle components within a climate-smart urban framework. These works include excavation and earthworks to level the site in line with approved designs. The milestone moves the project from planning into physical development ahead of the targeted completion of Phase 1 in 2029 said a statement from BEEAH. The commencement of early works marks a major milestone in bringing Khalid Bin Sultan City s sustainability-led vision to life. BEST is delivering site preparation and earthworks under a 150-day initial site preparation package To date approximately...

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The One Atelier launches blockchain platform for branded real estate

The One Atelier a complete turn-key service company offering consultancy design and build services has launched The One Capital an innovative blockchain platform focused on early-stage development in branded real estate through tokenised real-world asset (RWA) structures. The launch builds on The One Atelier s track record across internationally recognised branded residential projects associated with well-known lifestyle brands including Karl Lagerfeld Fendi Casa ETRO Armani Casa ELLE and Dolce & Gabbana many of which have demonstrated significant value uplift between early development and market maturity. Branded residences remain one of the fastest-growing segments in global real estate with reported average price premiums of up to 33% over comparable non-branded properties according to Savills Branded Residences Report. The sector is projected to exceed 1 000 schemes globally by the end of 2026 reflecting significant growth over the past d...

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Samsung tops global chipmakers with $59.2 billion investment

Samsung Electronics Company spent nearly 90 trillion won ( 59.2 billion) on capital expenditures and research and development (R&D) in 2025 said a report. This makes it the biggest investor among the world s top 10 semiconductor companies industry data showed on Wednesday. The South Korean tech giant had invested a total of 89.9 trillion won comprising 52.2 trillion won in capital expenditure and 37.7 trillion won in R&D according to data compiled by corporate tracker CEO Score and cited by Yonhap News Agency. ...

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Dubai Holding Real Estate, CBD launch home financing programme

Dubai Holding Real Estate an integrated master developer has partnered with Commercial Bank of Dubai (CBD) to launch a new home financing programme for eligible customers purchasing properties across key developments such as Nakheel Meraas and Dubai Properties. The programme is available to both nationals and UAE residents including salaried and self-employed buyers purchasing (qualified) off-plan and completed villas and apartments across Dubai Holding Real Estate s portfolio. It has been designed to provide a smoother and more transparent route to ownership with preferential rates attractive fee structures faster digital onboarding dedicated relationship management and access to selected premium banking benefits. The programme offers both conventional and Islamic financing solutions subject to eligibility and approval broadening customer choice across the UAE. It also includes digital pre-approval supported by automated eligibility ass...

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Jayasom to open inaugural property at AMAALA soon

Jayasom a global integrative wellness hospitality brand will open its inaugural flagship property at AMAALA on Saudi Arabia s Red Sea coast in the coming months. Drawing its name from Jay (heart) and Asom (place) Jayasom is quite literally a place for the heart - a sanctuary designed to nurture wellbeing through meaningful connection and deeply personalised experiences the group said. Situated at the pristine Triple Bay and spanning over 7 000 sq m Jayasom seamlessly embraces an East meets West wellness philosophy thoughtfully integrating traditional healing practices with contemporary wellbeing approaches in a setting designed for restoration reflection and renewal. Rooted in compassion and care the experience is intentionally immersive and calming bringing together mindful movement conscious cuisine therapeutic treatments mindfulness practices and holistic wellbeing experiences that encourage long-term lifestyle transformation c...

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Oman eyes global investment role with new financial centre initiative

Oman is seeking to strengthen its position as a destination for international investment supported by an investment-grade credit rating economic reforms and regulatory frameworks aligned with international standards. A key element of that strategy is the International Financial Centre of Oman (IFC Oman) which was established to provide international investors financial institutions and professional services firms with a legal and regulatory framework mirroring the practices of the world s leading financial jurisdictions. This environment supports the structuring of investments and the conduct of cross-border business with exceptional clarity and legal certainty said the IFC Oman in a statement. The Centre is intended to facilitate cross-border business and investment activity. In a move underscoring the government s support for the project Sultan Haitham bin Tarik has appointed the Centre s Board of Directors chaired by Sayyid Theyazin bin Haitham Al ...

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First Avenue fund targets prime Saudi education real estate assets

First Avenue for Real Estate Development Company has announced that it has signed an agreement with SNB Capital Dar Al Majed Real Estate Company (Almajdiah) and Rekaz Real Estate Company to establish an investment fund focused on the education sector in Saudi Arabia. The proposed fund will seek to acquire and develop educational facilities across the kingdom as the company expands into education-related real estate assets as part of its strategy to diversify its portfolio and income streams said First Avenue in its filing to Saudi bourse Tadawul. The move is aimed at enhancing long-term investment returns through operational assets that generate recurring income while reducing market risks through greater diversification. These educational assets are increasingly being integrated into mixed-use developments globally due to their role in improving quality of life supporting residential communities and creating sustainable value for real estate p...

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Egypt secures $420m investment from Alcazar Energy for Red Sea wind project

Egypt has secured a 420 million foreign investment commitment for a 580-megawatt wind power project on the Red Sea coast marking another significant step in the country s drive to expand renewable energy capacity and attract private-sector capital into the energy sector. The investment will be made by Dubai-based Alcazar Energy which signed agreements with Egypt s New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) to invest in operate and manage the Gabal El-Zeit wind farm in the Red Sea Governorate. The project will be financed through external funding sources providing a fresh inflow of foreign capital into Egypt s renewable energy sector. The agreements signed in the presence of Prime Minister Mostafa Madbouly cover the investment operation and power purchase arrangements for the facility which will have a minimum installed capacity of 580 MW throughout the contract period. Under the deal EETC will purchase the...

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Invest Qatar showcases investment opportunities in Istanbul

Invest Qatar the country s investment promotion agency has concluded a high-level roadshow in Istanbul Türkiye showcasing Qatar s diverse investment opportunities and strengthening engagement with Turkish investors and key business stakeholders. Over a four-day programme the delegation held a series of business meetings with leading Turkish companies. The programme featured dedicated investor events organised in collaboration with key partners including an investor dialogue with the Foreign Economic Relations Board of Türkiye (DEİK) and a business luncheon with the Turkish Industry and Business Association (TÜSİAD). The visit also brought together major stakeholders through an exclusive gaming industry roundtable in addition to sealing a new partnership with Istanbul Technical University (ITU) ARI Teknokent the technology park of ITU. The roadshow programme featured executive-level discussions site visits and targeted B2B meetings across smart...

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Oman signs $7.54bn investment deals for Duqm Special Economic Zone

Oman has signed 10 agreements and memoranda of understanding to establish new projects with an investment value of RO2.9 billion in the Duqm Special Economic Zone said an Oman News Agency post in X platform. The agreements signed by the Public Authority for Special Economic Zones and Free Zones cover the construction of a power generation station alongside industrial facilities for the production of ammonia electric battery components and chemical materials in addition to industrial tourism and residential complexes it said. The agreements also include a deal for the implementation of downstream phases 2 and 3 of the Indian renewable energy company ACME Group s green hydrogen project in Duqm at investments worth 4.2 billion. Meanwhile the Special Economic Zone at Duqm on Monday celebrated the inauguration of the first phase of the Maysan Square Duqm - Residence project which includes 104 residential units alongside 130 diverse commercial units...

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StanChart to offer investment management, fund operations in KSA

Standard Chartered has received approval from the Capital Market Authority (CMA) for Standard Chartered Capital Saudi Arabia to undertake investment management and operating funds activities in the Kingdom. The approval enhances the bank s ability to provide onshore investment management and fund operations capabilities in Saudi Arabia supporting institutional clients as investor participation and capital market activity continue to expand across the Kingdom it said. This further expands Standard Chartered s existing platform in Saudi Arabia and the wider region reinforcing its ability to connect clients and investors in the Kingdom to opportunities across the Middle East Asia Europe the US and Africa. Sarah AlKhelaiwi CEO and Head of Capital Markets at Standard Chartered Capital Saudi Arabia said: The CMA approval marks an important milestone in Standard Chartered s continued expansion in Saudi Arabia and reflects our long-term commitment to s...

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UAE real estate market to hit AED3 trillion by 2031, says report

The UAE real estate market is projected to reach AED2.98 trillion ( 811.44 billion) by 2031 reflecting strong investor confidence and sustained demand across residential commercial and mixed-use developments a report said. The sector s expansion continues to be supported by population growth foreign direct investment and the UAE s growing appeal as a global hub for business and lifestyle opportunities according to market intelligence platform Statista Market Insights . This upward trajectory is driving a new wave of development activity across the country with increasingly ambitious projects reshaping urban landscapes and creating fresh opportunities for both developers and investors. As projects grow in scale and complexity stakeholders are placing greater emphasis on tools and technologies that support more informed decision-making throughout the planning design and sales process the report said. Georges Calas CEO of Lifesize Plans Dubai commented: ...

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Oman’s OQEP inks MoU with Libya to boost O&G investment

OQ Exploration and Production (OQEP) Company has signed a memorandum of understanding with the Libyan Investment Authority in Tripoli marking a step toward strengthening energy investment cooperation between Oman and Libya. The agreement was signed by Ashraf Hamad Al Maamari Chairman of OQEP and Dr. Ali Mahmoud Hassan Chairman and CEO of the Libyan Investment Authority in the presence of Libya s Prime Minister Abdul Hamid Dbeibeh. The memorandum aims to establish a strategic framework for exploring joint investment opportunities in oil and gas exploration and production in both countries as well as in international markets. It is intended to support long-term economic value creation and deepen cooperation between the two sides. Officials said the partnership reflects broader efforts to expand investment ties and build high-value collaborations in the energ...

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UAE's $1.4trn US investment plan progresses ahead of schedule

The UAE s 1.4 trillion investment programme in the United States is progressing ahead of schedule with officials highlighting advances in AI infrastructure energy projects and manufacturing investments during talks in Washington this week. The progress was highlighted during a visit to Washington by Khaldoon Khalifa Al Mubarak Chairman of the Executive Affairs Authority who led a UAE delegation in meetings with US Vice President J D Vance Treasury Secretary Scott Bessent Commerce Secretary Howard Lutnick Under Secretary of State for Economic Affairs Jacob Helberg and members of Congress said a WAM news agency report. The discussions focused on advancing the UAE-US AI Acceleration Partnership launched during US President Donald Trump s state visit to the UAE and his meeting with President His Highness Sheikh Mohamed bin Zayed Al Nahyan. Officials reviewed progress in economic and technological cooperation over the past year with both sides noting tha...

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Dubai’s residential property sector softens in May says report

Dubai s residential property sector continued to soften in May with sales activity easing across the both the off-plan and ready sectors shows news data from Cavendish Maxwell. Dubai s residential real estate market secured 66 900 sales between January and May 2026 with off-plan purchases accounting for around 74% of transactions said the leading real estate advisory and property consultancy. Around 9 500 transactions took place in May 2026 compared to 17 600 in May last year according to the research with the May 2026 figure 27% lower than April 2026. The decline was further compounded by the week-long Eid Al Adha break at the end of May which led to an estimated 3 000 fewer sales. The total value of transactions in the first five months of 2026 was more than AED196.2 billion down from AED217.8 billion in the same period last year. The value of purchases in May 2026 was AED22 billion compared to AED54.8 billion in May 2025. ...

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ORA Developers awards UNEC $ 517.36m main works contract for Phase 1 of BAYN

ORA Developers today announced the appointment of United Engineering Construction UNEC as the Main Works Contractor for Phase 1 of BAYN a visionary coastal community within Ghantoot located between Dubai and Abu Dhabi. The AED1.9 billion ( contract covers the construction of 614 residential units. These include townhouses and standalone villas across Cluster B Y Waterway; Cluster C Y Lagoon; and Cluster D Y Lagoon II. The scope also includes associated infrastructure and landscape works. BAYN is a major long-term commitment to Ghantoot and to the future of this coastal corridor said Naguib Sawiris Chairman and CEO of ORA Developers. The UAE has shown how patient city-building can create strong value over time. Locations grow when infrastructure access planning and delivery come together. Ghantoot has those fundamentals. It has beachfront scarcity direct connectivity and a strategic position between Abu Dhabi and Dubai. This AED1.9 billion award reflects ou...

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Four reasons why Abu Dhabi is driving UAE real estate in 2026

Abu Dhabi is entering a pivotal phase in its real estate journey emerging as one of the UAE s most compelling destinations for both end users and investors heading into 2026. With the capital s population forecast to exceed 6 million by 2040 this growth is expected to support sustained long-term demand for housing and urban infrastructure. Backed by national frameworks alongside infrastructure investment and regulatory transparency the capital is steadily laying the foundations for long-term property demand. Against this backdrop Object 1 outlines four key factors shaping Abu Dhabi s next phase of real estate growth. State-backed market direction At the heart of the capital s real estate trajectory is Abu Dhabi Economic Vision 2030 a long-term roadmap aimed at transforming the emirate into a diversified economy with reduced reliance on oil revenues. This vision is already in action with Abu Dhabi s non...

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MAG Group plans $544m new real estate project in Dubai

MAG Group Holding plans to announce a new real estate project called MAG Square within the next two weeks with a market value of up to AED2 billion ( 544.59 million) said Moafaq Ahmad Al Gaddah Founder and Chairman of MAG Group Holding. In an interview with the Government of Dubai Media Office he said: All of our projects in Dubai are progressing according to the approved timelines and during this year we will complete and hand over six new projects. We are proud to be part of the development journey of Dubai and the UAE. What we have witnessed since the 1980s in terms of rapid development and speed of execution across Dubai is exceptional and unprecedented on a global scale he said. - TradeArabia News Service ...

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SAB Invest, Retal launch $502m real estate fund for key Saudi project

SAB Invest the investment arm of Saudi Awwal Bank (SAB) has joined hands with Retal Urban Development Company for the launch of a CMA-regulated real estate investment fund valued at SAR1.9 billion ( 502 million). The project will be developed on a 19 000 sqm site in Almalqa district. In a statement the company said the fund is structured to optimise capital efficiency and risk management with SAB committing financing of up to 50% of the total investment value. This commitment reflects the strength of the underlying asset and the confidence of the partners in the project s long-term potential. The CMA-regulated structure is designed to attract institutional and qualified investors seeking exposure to Riyadh s dynamic real estate market while generating sustainable and long-term returns. Ali Al Mansour Managing Director & CEO at SAB Invest said: The Real Estate Fund for Retal Heights exemplifies our approach to capital efficiency and risk management...

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Gallagher boosts investment in top MEA insurance brokerage

Gallagher the global insurance brokerage risk management and consulting firm has increased its investment in ACE Gallagher Holding one of the largest and most established insurance broking firms in the Middle East & Africa (MEA). The firm is majority owned by MIG Holding and this agreement will see Gallagher increase its share from 30% to 49%. The two firms first entered into a partnership in 2021. ACE Gallagher supports businesses with risk management and insurance solutions and is a pioneer in the MEA regional insurance industry with roots dating back to 1952 and offices in Kingdom of Saudi Arabia Bahrain UAE Oman Kuwait Lebanon and Greece. It has expertise in aviation real estate construction oil & gas financial lines and property risks and employs over 300 risk professionals. Simon Matson Executive Vice President Gallagher Global Broking said: This further investment in the Middle East and in our partnership with MIG Holding demo...

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Dubai property market bottomed in March as demand rebounds strongly

As US-Iran negotiations move toward a final and permanent ceasefire resolution two constituencies are watching closely - Global markets where a deal could mean lower oil prices and renewed equity momentum and Dubai s real estate sector where the restoration of transactional confidence would likely support a broader normalisation of market activity said an industry expert. Against that backdrop the latest data paints a more resilient picture than the headlines suggest stated Vijay Valecha Chief Investment Officer Century Financial. The key defining trends are: Capital Did Not Leave Dubai It Just Paused Despite rising geopolitical uncertainty Dubai s property market continued to attract foreign investment during the conflict. In the first quarter the value of foreign transactions jumped nearly 26% compared to the previous year. The number of foreign deals also grew by 11% reaching 48 445. Demand came from a wide range of buyers...

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Six development sites worth $3.54bn investment awarded in Makkah

The Royal Commission for Makkah City and Holy Sites has announced the awarding of six development sites under the Developed Districts Program covering a total area of more than 2.7 million sq m representing investments worth SAR13.3 billion ( 3.54 billion). The initiative is part of the commission s efforts to enhance the urban environment support economic growth improve the quality of life and advance sustainable development in the Holy City said a Saudi Press Agency report. The commission stated that the awarded sites are located in the neighbourhoods of Jurhum South Al-Khalidiyah Al-Hajlah Al-Hindawiyah East Al-Hindawiyah South and Al-Hindawiyah West. The projects will be implemented through partnerships with real estate development and investment companies as well as investment funds reflecting the integration of regulatory and development efforts to deliver urban projects with sustainable economic and developmental impact. The commissi...

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GAF Property shapes a new residential experience with key Reem island project

As Abu Dhabi s residential real estate market continues to evolve differentiation is no longer defined by the scale of developments but by their ability to deliver sustainable value and integrated living experiences that reflect modern lifestyles. Flow 25 extends beyond residential units to offer a fully integrated living experience with carefully planned communal spaces and movement pathways designed to strike a balance between social interaction and privacy catering to diverse lifestyle needs said the Emirati developer. The exclusive project comprises just 104 residential units ranging from one- to four-bedroom apartments in addition to sky villas and penthouses. The design focuses on natural light spacious layouts and smart living systems. Prices start from approximately AED 1.79 million. In this context GAF Property continues to reinforce its design-led approach rooted in quality and a strong connection to nature through its latest residential...

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Al Ramz Real Estate to take full control of Riyadh mixed-use project

Saudi-listed Al Ramz Real Estate Company said it has signed agreements to acquire the remaining units in a private real estate investment fund that owns the Qurtuba 2 development in Riyadh in a deal valued at SAR 133 million ( 35.5 million). The transaction will raise Al Ramz s ownership in the Al Ahli Aleen Enbar Real Estate Fund from 23% to 100% giving the company full control of the project as it seeks to expand its exposure to strategically located real estate developments in the Saudi capital. In a filing to the Saudi Stock Exchange the company said it currently owns 23% of the fund s units representing an investment of approximately SAR 40 million. Upon completion of the acquisition Al Ramz will become the sole owner of the fund. The fund owns the Qurtuba 2 project a planned mixed-use development located in Riyadh s Qurtuba district along Prince Mohammed bin Salman Road also known as the Sports Boulevard corridor. The project spans about 130 386 square...

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Dubai real estate deals in April surge to $18.7bn

Dubai s real estate market recorded a sharp month-on-month recovery in April with total registered transaction value rising 20% to AED68.6 billion ( 18.7 billion) according to a new analytical report published by Elite Merit Real Estate. The rebound marks the first decisive recovery following a temporary slowdown in late February linked to broader regional geopolitical uncertainty. According to the report April s performance indicates that the correction was primarily sentiment-driven rather than structural. Total registered transactions reached 18 847 in April it stated. Mortgage activity increased 33.5% MoM to AED14.52 billion while cash sales rose 13.5% to AED48.34 billion. Off-plan activity remained the dominant market driver accounting for 70.5% of adjusted market share. Off-plan apartment sales alone reached a 2026 monthly high of AED19.7 billion it added. Other key findings from the report include: The AED 10 million luxury s...

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Dubai real estate transactions rise 20% in April to $18.68bn

Dubai s real estate market recorded a sharp month-on-month recovery in April 2026 with total registered transaction value rising 20% to AED68.6 billion ( 16.68 billion) according to a new analytical report published by Elite Merit Real Estate. The rebound marks the first decisive recovery following a temporary slowdown in late February linked to broader regional geopolitical uncertainty. According to the report April s performance indicates that the correction was primarily sentiment-driven rather than structural it said. Total registered transactions reached 18 847 in April. Mortgage activity increased 33.5% month-on-month to AED14.52 billion while cash sales rose 13.5% to AED48.34 billion. Off-plan activity remained the dominant market driver accounting for 70.5% of adjusted market share. Off-plan apartment sales alone reached a 2026 monthly high of AED19.7 billion. April s rebound suggests that Dubai s real estate market is continuing to stabilise a...

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Global energy investment to hit $3.4trn in 2026; oil's share to decline

Global energy investment is projected to reach 3.4 trillion in 2026 a slight increase year-on-year according to a new IEA report. The 2026 edition of the IEA s annual World Energy Investment report said around 2.2 trillion is expected to go to grids storage low-emissions fuels nuclear renewables efficiency and electrification in 2026 while around 1.2 trillion is set to be invested in oil natural gas and coal. It noted that despite higher oil prices oil investment is expected to decline for a third consecutive year in 2026 falling below 500 billion. The report finds that uncertainty over the duration of the price spike long project lead times supply chain constraints and tighter offshore rig markets are limiting near-term spending responses outside the Middle East. At the same time natural gas investment is projected to rise to 330 billion the highest level in a decade supported by a wave of new LNG export projects particularly in the United St...

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Eni, partners approve Baleine Phase 3 investment in Abidjan

Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project in Abidjan Côte d Ivoire marking a milestone in the development of the largest hydrocarbon discovery ever made in the country. The full-field Phase 3 development will increase oil production from 60 000 to 150 000 barrels per day and gas output from 80 to 200 million cubic feet per day. Baleine is a testament to Eni s exploration and production model built on excellence in exploration activities the ability to develop projects through a fast-track and phased approach and a consistent commitment to sustainability in continuous dialogue with the host country. This project reflects our commitment to strengthening energy security supporting local economic development and advancing a lower-carbon energy future said Claudio Descalzi Chief Executive Officer of Eni. p class= MsoNo...

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