ROSHN Group

ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a PIF company has signed a wide-ranging memorandum of collaboration (MoC) with the Ministry of Municipalities and Housing (MOMAH) represented by the Ministry s Agency for Housing Supply Stimulus and Real Estate Development aimed at developing operational processes and frameworks for the kingdom s real estate development sector. The MoC covers areas such as innovation in permits and approval systems smart mechanisms for data exchange and analysis the co-designing of new innovative models to better integrate community services and the rollout of pilot programmes that will enhance the quality of life and the residents experience across the kingdom. It was signed under ROSHN Group s Building Bridges initiative a part of its strategy to engage and collaborate with key governmental entities to foster innovation and promote development that will contribute to the Vision 2030 goals. The MoC was sealed by Abdulrahman AlTawil the Deputy Minister for Housing Supply Stimulation and Real Estate Development and Yassen Kattan Chief Strategy and Corporate Affairs Officer at ROSHN Group s SEDRA Sales Centre. Collaboration and partnerships are a key element of our approach to achieving ROSHN Group s goals and we are excited about what we can achieve through working together with the Ministry of Municipalities and Housing said Kattan. This memorandum represents a strategic step toward advancing innovation in the real estate sector by developing modern regulatory frameworks that accelerate the transition toward a more efficient and sustainable environment while fostering collaborative innovation. Through this we also aim to enable new business models that support future infrastructure and drive innovation across the real estate sector contributing to urban development and an enhanced quality of life stated Kattan. ARAMCO HOME OWNERSHIP DEAL In another development ROSHN said it has signed a home ownership programme deal with Saudi Aramco. Under this deal ROSHN will provide special offers for eligible Aramco employees wishing to buy off-plan home in one of the group s communities. ROSHN Group s portfolio spans integrated communities in Riyadh Jeddah Makkah and Dhahran mixed-use destinations such as ROSHN Front and MARAFY and flagship sports facilities including ROSHN Stadium and Aramco Stadium. The agreement builds upon the existing strategic partnership between the two organisations and covers a variety of ROSHN Group communities and units across the kingdom. Under this agreement Aramco employees enjoy special benefits when purchasing off-plan or under-construction units across most ROSHN communities in various regions of the kingdom along with flexible payment plans tailored to their needs. The Saudi PIF company s move is aimed at embedding sustainability across the kingdom and helping to raise the homeownership rate to 70 per cent in alignment with Saudi Vision 2030.

ROSHN Group Saudi Arabia s largest multi-asset developer and a Public Investment Fund (PIF) giga-project will be out in force at this year s Cityscape Global event which opens in Riyadh this month. The exhibition which is set to break attendance records welcoming over 172 000 visitors during its four-day run will be focusing on the theme of The Future of Urban Living . At the leading property event ROSHN will be showcasing the progress it has been making across its various developments in Saudi Arabia. Front and centre of its portfolio showcase will be its flagship Riyadh development SEDRA where it plans to expand its offering. Following the successful September launch and quick sell-out of its latest apartment offering for the fifth phase of SEDRA which comprises more than 2 000 homes the company will unveil new premium villas and multi-family apartment buildings at Cityscape. ROSHN expects that increased availability and a wider selection will continue to boost sales. The developer points to the success of its last apartment launch in September which sold out in a matter of weeks. The developer will also make a number of major announcements at Cityscape related to SEDRA where it is looking to expand the number of amenities on offer details of which will be revealed at the event. Located in northern Riyadh close to King Khalid International Airport Princess Nourah bint Abdulrahman University and the ROSHN Front retail and commercial hub the SEDRA community will eventually comprise more than 30 000 residential units and cover an area of 20 million sq m. At Cityscape ROSHN Group will also promote its first project in Makkah ALMANAR where work is in progress on ensuring the community s energy supply. The developer recently announced that it is building a substation on site work on which is already 57 per cent complete. The substation is expected to be energised in time for the first handovers of homes on the project which is scheduled to take place in the next 18 months. The substation will help to ensure a reliable power supply both for ALMANAR as well as the wider area in the western suburbs of Makkah ROSHN points out. The developer will also make a number of major announcements at Cityscape related to SEDRA where it is looking to expand the number of amenities on offer details of which will be revealed at the event. Located in northern Riyadh close to King Khalid International Airport Princess Nourah bint Abdulrahman University and the ROSHN Front retail and commercial hub the SEDRA community will eventually comprise more than 30 000 residential units and cover an area of 20 million sq m. At Cityscape ROSHN Group will also promote its first project in Makkah ALMANAR where work is in progress on ensuring the community s energy supply. The developer recently announced that it is building a substation on site work on which is already 57 per cent complete. The substation is expected to be energised in time for the first handovers of homes on the project which is scheduled to take place in the next 18 months. The substation will help to ensure a reliable power supply both for ALMANAR as well as the wider area in the western suburbs of Makkah ROSHN points out. Visitors to ROSHN Group s stand will be treated to a glimpse of what to expect in terms of its full portfolio of projects with visual displays for its communities sports facilities retail commercial and education offerings. For those who want to get a sense of what it will be like to live in one of the group s communities the developer will have its Truck present at Cityscape Global offering visitors an insight into its Riyadh-based communities through virtual and augmented reality experiences. The immersive displays will allow guests to virtually traverse the streets community and residential units of communities like SEDRA and WAREFA. Located in East Riyadh in the rapidly developing Al Janadriyyah district WAREFA covers an area of 1.4 million sq m and will comprise 2 300 homes. FOREIGN OWNERSHIP Cityscape Global will serve as a platform for the soft launch of foreign property ownership in the kingdom. The Ministry of Municipalities and Housing is leveraging the event to familiarise non-Saudi nationals both residents and non-residents with the buying process ahead of the new laws taking effect in January 2026. ROSHN will be a key participant in this rollout. Certain ROSHN projects will be open to foreign ownership and the developer s sales teams will be on ground to guide visitors as to how they will be able to purchase off-plan properties including procedural steps for non-residents. With 2026 anticipated to be a year of ramped-up residential delivery mixed-use contract awards and the start of foreign sales ROSHN Group anticipates the coming 12 months will be its biggest to date.

ROSHN Group Saudi Arabia s leading multi-asset class developer and a Public Investment Fund (PIF) company has announced a new offering of homes for sale within ALAROUS community in northern Jeddah. The new homes are located near the upcoming 11.4-km MARAFY man-made canal in the visionary mixed-use project that will run through and connect to ALAROUS. This limited release features homes for sale in multiple typologies including townhouses duplexes and standalone villas each developed to the highest quality standards and featuring design elements inspired by the architectural character of the Western Region said the Saudi developer. Spanning approximately 4 million sq m ALAROUS community features a full range of integrated amenities spread along a 2.4-km tree-lined pedestrian boulevard including schools mosques parks bicycle paths restaurants and retail shops it stated. Strategically positioned ALAROUS is a short drive away from landmarks such as King Abdulaziz International Airport and King Abdullah Sports City. The community is designed to provide easy access to the city via main roads and the public transportation network. Construction is well under way for homes in this part of the community along with the progress made on the MARAFY canal portion within the community ROSHN said. Meanwhile ROSHN Group has signed an agreement with Saudi Aramco to enable its qualified employees to purchase off-plan residential units through Aramco s homeownership programme. The agreement is an extension of the strategic partnership between the group and Aramco which includes collaborating on landmark projects through which visions and aspirations come together to enhance the quality of life said a ROSHN post in LinkedIn.

Saudi Arabia s largest multi-asset developer ROSHN Group is pushing ahead on its projects in the capital. The group which is developing two communities in Riyadh has made several sales announcements over the past couple of months for apartments and villas townhouses and duplexes. ROSHN continues to announce new sales for SEDRA the group s first and best-known community and one of the largest integrated development projects in Riyadh today. The mega project which is currently being developed in eight phases spans over 20 million sq m. A number of contractors are working on SEDRA which will feature over 30 000 homes and several hundred amenities when the overall development is completed. These include Shapoorji and China Harbour Engineering with KEO as the building designer. ROSHN has now opened up sales for the project s fifth phase which covers more than 1.3 million sq m and will include over 2 000 homes. This move comes in response to the growing demand for housing within SEDRA and reflects the group s commitment to developing integrated communities that elevate the quality of life in line with Saudi Vision 2030 objectives the developer says. This phase is located near the shopping hospitality and commercial areas at ROSHN Front. The first batch of sales will be for 700 units and will include townhouses duplexes and standalone villas set amidst more than 600 000 sq m of open and green spaces complemented by a full suite of essential services and amenities. These homes are available in 10 floor plans and two facade options in multiple colour variations. Jason Margetts Group Chief Sales Officer at ROSHN Group remarks: We are pleased to present the latest phase of SEDRA our flagship community that exemplifies ROSHN Group s vision of modern living. SEDRA stands as a true reflection of innovation combining cutting-edge design with best-in-class amenities creating a vibrant and connected community. These thoughtfully designed homes are perfect for those seeking a dynamic and elevated lifestyle. As SEDRA community continues to grow we are proud to contribute to the goals of Vision 2030 by advancing homeownership and enhancing the quality of life for residents. ROSHN is both expanding the number of phases it is selling as well as the unit types. The group recently pushed onto the market a new unit type with apartments now available directly in the project and further units are set to be released to meet public demand. Handovers on the project began in 2022 and the development is now home to over 1 000 families. When fully complete the project is expected to be home to over 130 000 people contributing to the kingdom s Vision 2030 target of 70 per cent home ownership by 2030. SEDRA s homes are designed in accordance with Salmani architectural style blending tradition with modernity through the use of advanced materials engineering and technology. ROSHN Group s comprehensive community management services ensure the upkeep of public areas and help maintain the long-term value of homes. SEDRA s appeal is undoubtedly helped by its location ROSHN points out. The development is less than 15 minutes from King Khalid International Airport Riyadh s main airport. Other projects being built in the vicinity of SEDRA include the site for Riyadh Expo 2030 King Abdulaziz Park and King Salman International Stadium which is set to be one of the venues for the FIFA 2034 World Cup. Alongside SEDRA is ROSHN Front a mixed-use retail and business destination which is also owned by ROSHN Group. The location which is home to over 100 brands and has become a business hub for national and international offices spans over 160 700 sq m and welcomes over 10 million visitors a year. ROSHN Group recently trialled Saudi Arabia s first fully autonomous food delivery service at ROSHN Front in partnership with delivery service Jahez. This pilot programme uses self-driving robots developed by ROSHN s IT and Innovation teams as well as Jahez. The initiative which aims to reduce delivery times cut emissions and promote smart transportation as part of ROSHN s innovation strategy and Saudi Arabia s Vision 2030 goals will be expanded once trials are completed. WAREFA In addition ROSHN Group is also making progress on both development and sales of WAREFA its project in the east of Riyadh which was launched last year. The development which will cover 1.4 million sq m and feature 2 380 homes and 20 amenities such as educational facilities shops and restaurants is close to completing its infrastructure. WAREFA s contractors which include China Harbour have completed 100 per cent of the sewer and stormwater drainage networks. The irrigation and potable water networks are nearly ready. In terms of power connections over 97 per cent of the work on the medium-voltage electric network has been finished and three-quarters of the utility connections to residential units have been completed. The low-voltage electric network and the telecom and internet networks stand at 56 per cent and 75 per cent complete respectively. By completing the infrastructure the group will ensure that every home is ready to move into from day one with all essential services provided.

ROSHN Group Saudi Arabia s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company has announced that it has sold 60 per cent of the first sales offerings for ALMANAR its inaugural fully-integrated residential community in Makkah. The community which was announced in April 2024 and started selling units in February 2025 has proved popular with Saudi buyers from across the country says the leading developer. Located within the city s boundary ALMANAR s Phase One sales comprised 727 single-family homes in 14 types of townhouses duplexes and villas including the company s largest C10 villa design. These range from three- to four-bedroom townhouses and duplexes to four- to five-bedroom villas. Each home features contemporary designs including modern kitchens and shaded parking lots. Strategically located at Makkah s western gate between the old and new expressways linking the city to Jeddah ALMANAR is 20 minutes from the Al Masjed Al Haram (Great Mosque of Makkah) and less than an hour from Jeddah s King Abdulaziz International Airport. Construction work is currently under way on the ALMANAR project which broke ground in December last year. The contractors on the project include SARH ATTAQNIA and Saudi Pan Kingdom Company (SAPAC). Once complete the ALMANAR development will cover an expansive 21 million sq m offering over 33 000 residential units. The design of the community reflects ROSHN s vision is to create human-centric developments that prioritise people s needs. These developments offer a sustainable vibrant living environment that is seamlessly integrated with nature and expansive green spaces. It ensures effortless access to a wide array of community facilities and services including schools mosques shopping centres and healthcare facilities. With vibrant streets open spaces and recreational areas ALMANAR fosters social connections strengthens community bonds and cultivates a deep sense of belonging. The community includes extensive green spaces walking and cycling paths and a wide range of amenities such as retail centres schools and mosques all within walkable streets. Designed around a green spine or wadi over 20 per cent of ALMANAR is set aside for green and open public spaces which aim to promote a healthy active lifestyle with dedicated paths for walking running and cycling says ROSHN. Inspired by regional heritage ALMANAR homes blend traditional styles with modern materials and integrate energy and water-saving technologies for sustainability. Once complete Phase One will be home to over 17 000 residents and will feature a host of amenities including retail and commercial areas schools healthcare facilities and mosques. ROSHN Group a key enabler of Saudi Arabia s Vision 2030 is reshaping the kingdom s urban landscape with its integrated residential communities. Its projects include the flagship SEDRA in Riyadh ALAROUS in Jeddah ALDANAH in Dhahran and ALFULWA in Al Hofuf in addition to ALMANAR. Late last month (August) ROSHN announced a new release of residential units within the ALDANAH community. The new offering includes a variety of residential unit types starting from standard villas to duplexes with modern designs that meet diverse needs and tastes all within a community that offers integrated amenities and services said ROSHN on its X handle. Upon completion ALDANAH will include more than 2 000 residential units along with key amenities including schools shops and offices across 1.7 million sq m. The project is located within close proximity to landmarks such as Al Khobar s corniche (only 15 minutes away) Ithra (10 minutes away) The Avenues Khobar mall and the upcoming Aramco Stadium another prominent ROSHN initiative. Community initiatives Meanwhile as part of its CSR policy ROSHN Group is supporting the PIF s azm workforce development programme which aims to develop a new generation of Saudi engineers health and safety experts and facilities management professionals. Launched earlier last month with a host of partners including the kingdom s Technical and Vocational Training Corp Colleges of Excellence Human Resources Development Fund and ROSHN Group azm is part of a wider approach to foster local capabilities that will support the kingdom s construction engineering and facilities management sectors. Over the course of the next two years azm will train young Saudi nationals and provide them with both international certifications as well as opportunities with PIF s portfolio companies such as ROSHN Group. The focus will be on employer-driven skills development with vocational learning a priority for the Saudi students. The programme offers four training streams in the areas of engineering health and safety experts and facilities management with each attendee receiving an internationally recognised certification. ROSHN will provide employment opportunities for the graduates of the azm programme as part of its contribution to empowering young Saudis and growing the local workforce in these three key areas. Roshn Group has also signed an accession agreement with Jadeer service affiliated with the Small and Medium Enterprises Authority (Monshaat). Jadeer is a digital platform that enables qualified SMEs to benefit from collaboration opportunities by integrating into the Roshn Group s supply chain and procurement processes. It aims to provide these companies access to new markets and help enhance their economic contribution it added.

ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a PIF company has signed a wide-ranging memorandum of collaboration (MoC) with the Ministry of Municipalities and Housing (MOMAH) represented by the Ministry s Agency for Housing Supply Stimulus and Real Estate Development aimed at developing operational processes and frameworks for the kingdom s real estate development sector. The MoC covers areas such as innovation in permits and approval systems smart mechanisms for data exchange and analysis the co-designing of new innovative models to better integrate community services and the rollout of pilot programmes that will enhance the quality of life and the residents experience across the kingdom. It was signed under ROSHN Group s Building Bridges initiative a part of its strategy to engage and collaborate with key governmental entities to foster innovation and promote development that will contribute to the Vision 2030 goals. The MoC was sealed by Abdulrahman AlTawil the Deputy Minister for Housing Supply Stimulation and Real Estate Development and Yassen Kattan Chief Strategy and Corporate Affairs Officer at ROSHN Group s SEDRA Sales Centre. Collaboration and partnerships are a key element of our approach to achieving ROSHN Group s goals and we are excited about what we can achieve through working together with the Ministry of Municipalities and Housing said Kattan. This memorandum represents a strategic step toward advancing innovation in the real estate sector by developing modern regulatory frameworks that accelerate the transition toward a more efficient and sustainable environment while fostering collaborative innovation. Through this we also aim to enable new business models that support future infrastructure and drive innovation across the real estate sector contributing to urban development and an enhanced quality of life stated Kattan. ARAMCO HOME OWNERSHIP DEAL In another development ROSHN said it has signed a home ownership programme deal with Saudi Aramco. Under this deal ROSHN will provide special offers for eligible Aramco employees wishing to buy off-plan home in one of the group s communities. ROSHN Group s portfolio spans integrated communities in Riyadh Jeddah Makkah and Dhahran mixed-use destinations such as ROSHN Front and MARAFY and flagship sports facilities including ROSHN Stadium and Aramco Stadium. The agreement builds upon the existing strategic partnership between the two organisations and covers a variety of ROSHN Group communities and units across the kingdom. Under this agreement Aramco employees enjoy special benefits when purchasing off-plan or under-construction units across most ROSHN communities in various regions of the kingdom along with flexible payment plans tailored to their needs. The Saudi PIF company s move is aimed at embedding sustainability across the kingdom and helping to raise the homeownership rate to 70 per cent in alignment with Saudi Vision 2030.

ROSHN Group Saudi Arabia s largest multi-asset developer and a Public Investment Fund (PIF) giga-project will be out in force at this year s Cityscape Global event which opens in Riyadh this month. The exhibition which is set to break attendance records welcoming over 172 000 visitors during its four-day run will be focusing on the theme of The Future of Urban Living . At the leading property event ROSHN will be showcasing the progress it has been making across its various developments in Saudi Arabia. Front and centre of its portfolio showcase will be its flagship Riyadh development SEDRA where it plans to expand its offering. Following the successful September launch and quick sell-out of its latest apartment offering for the fifth phase of SEDRA which comprises more than 2 000 homes the company will unveil new premium villas and multi-family apartment buildings at Cityscape. ROSHN expects that increased availability and a wider selection will continue to boost sales. The developer points to the success of its last apartment launch in September which sold out in a matter of weeks. The developer will also make a number of major announcements at Cityscape related to SEDRA where it is looking to expand the number of amenities on offer details of which will be revealed at the event. Located in northern Riyadh close to King Khalid International Airport Princess Nourah bint Abdulrahman University and the ROSHN Front retail and commercial hub the SEDRA community will eventually comprise more than 30 000 residential units and cover an area of 20 million sq m. At Cityscape ROSHN Group will also promote its first project in Makkah ALMANAR where work is in progress on ensuring the community s energy supply. The developer recently announced that it is building a substation on site work on which is already 57 per cent complete. The substation is expected to be energised in time for the first handovers of homes on the project which is scheduled to take place in the next 18 months. The substation will help to ensure a reliable power supply both for ALMANAR as well as the wider area in the western suburbs of Makkah ROSHN points out. The developer will also make a number of major announcements at Cityscape related to SEDRA where it is looking to expand the number of amenities on offer details of which will be revealed at the event. Located in northern Riyadh close to King Khalid International Airport Princess Nourah bint Abdulrahman University and the ROSHN Front retail and commercial hub the SEDRA community will eventually comprise more than 30 000 residential units and cover an area of 20 million sq m. At Cityscape ROSHN Group will also promote its first project in Makkah ALMANAR where work is in progress on ensuring the community s energy supply. The developer recently announced that it is building a substation on site work on which is already 57 per cent complete. The substation is expected to be energised in time for the first handovers of homes on the project which is scheduled to take place in the next 18 months. The substation will help to ensure a reliable power supply both for ALMANAR as well as the wider area in the western suburbs of Makkah ROSHN points out. Visitors to ROSHN Group s stand will be treated to a glimpse of what to expect in terms of its full portfolio of projects with visual displays for its communities sports facilities retail commercial and education offerings. For those who want to get a sense of what it will be like to live in one of the group s communities the developer will have its Truck present at Cityscape Global offering visitors an insight into its Riyadh-based communities through virtual and augmented reality experiences. The immersive displays will allow guests to virtually traverse the streets community and residential units of communities like SEDRA and WAREFA. Located in East Riyadh in the rapidly developing Al Janadriyyah district WAREFA covers an area of 1.4 million sq m and will comprise 2 300 homes. FOREIGN OWNERSHIP Cityscape Global will serve as a platform for the soft launch of foreign property ownership in the kingdom. The Ministry of Municipalities and Housing is leveraging the event to familiarise non-Saudi nationals both residents and non-residents with the buying process ahead of the new laws taking effect in January 2026. ROSHN will be a key participant in this rollout. Certain ROSHN projects will be open to foreign ownership and the developer s sales teams will be on ground to guide visitors as to how they will be able to purchase off-plan properties including procedural steps for non-residents. With 2026 anticipated to be a year of ramped-up residential delivery mixed-use contract awards and the start of foreign sales ROSHN Group anticipates the coming 12 months will be its biggest to date.

ROSHN Group Saudi Arabia s leading multi-asset class developer and a Public Investment Fund (PIF) company has announced a new offering of homes for sale within ALAROUS community in northern Jeddah. The new homes are located near the upcoming 11.4-km MARAFY man-made canal in the visionary mixed-use project that will run through and connect to ALAROUS. This limited release features homes for sale in multiple typologies including townhouses duplexes and standalone villas each developed to the highest quality standards and featuring design elements inspired by the architectural character of the Western Region said the Saudi developer. Spanning approximately 4 million sq m ALAROUS community features a full range of integrated amenities spread along a 2.4-km tree-lined pedestrian boulevard including schools mosques parks bicycle paths restaurants and retail shops it stated. Strategically positioned ALAROUS is a short drive away from landmarks such as King Abdulaziz International Airport and King Abdullah Sports City. The community is designed to provide easy access to the city via main roads and the public transportation network. Construction is well under way for homes in this part of the community along with the progress made on the MARAFY canal portion within the community ROSHN said. Meanwhile ROSHN Group has signed an agreement with Saudi Aramco to enable its qualified employees to purchase off-plan residential units through Aramco s homeownership programme. The agreement is an extension of the strategic partnership between the group and Aramco which includes collaborating on landmark projects through which visions and aspirations come together to enhance the quality of life said a ROSHN post in LinkedIn.

Saudi Arabia s largest multi-asset developer ROSHN Group is pushing ahead on its projects in the capital. The group which is developing two communities in Riyadh has made several sales announcements over the past couple of months for apartments and villas townhouses and duplexes. ROSHN continues to announce new sales for SEDRA the group s first and best-known community and one of the largest integrated development projects in Riyadh today. The mega project which is currently being developed in eight phases spans over 20 million sq m. A number of contractors are working on SEDRA which will feature over 30 000 homes and several hundred amenities when the overall development is completed. These include Shapoorji and China Harbour Engineering with KEO as the building designer. ROSHN has now opened up sales for the project s fifth phase which covers more than 1.3 million sq m and will include over 2 000 homes. This move comes in response to the growing demand for housing within SEDRA and reflects the group s commitment to developing integrated communities that elevate the quality of life in line with Saudi Vision 2030 objectives the developer says. This phase is located near the shopping hospitality and commercial areas at ROSHN Front. The first batch of sales will be for 700 units and will include townhouses duplexes and standalone villas set amidst more than 600 000 sq m of open and green spaces complemented by a full suite of essential services and amenities. These homes are available in 10 floor plans and two facade options in multiple colour variations. Jason Margetts Group Chief Sales Officer at ROSHN Group remarks: We are pleased to present the latest phase of SEDRA our flagship community that exemplifies ROSHN Group s vision of modern living. SEDRA stands as a true reflection of innovation combining cutting-edge design with best-in-class amenities creating a vibrant and connected community. These thoughtfully designed homes are perfect for those seeking a dynamic and elevated lifestyle. As SEDRA community continues to grow we are proud to contribute to the goals of Vision 2030 by advancing homeownership and enhancing the quality of life for residents. ROSHN is both expanding the number of phases it is selling as well as the unit types. The group recently pushed onto the market a new unit type with apartments now available directly in the project and further units are set to be released to meet public demand. Handovers on the project began in 2022 and the development is now home to over 1 000 families. When fully complete the project is expected to be home to over 130 000 people contributing to the kingdom s Vision 2030 target of 70 per cent home ownership by 2030. SEDRA s homes are designed in accordance with Salmani architectural style blending tradition with modernity through the use of advanced materials engineering and technology. ROSHN Group s comprehensive community management services ensure the upkeep of public areas and help maintain the long-term value of homes. SEDRA s appeal is undoubtedly helped by its location ROSHN points out. The development is less than 15 minutes from King Khalid International Airport Riyadh s main airport. Other projects being built in the vicinity of SEDRA include the site for Riyadh Expo 2030 King Abdulaziz Park and King Salman International Stadium which is set to be one of the venues for the FIFA 2034 World Cup. Alongside SEDRA is ROSHN Front a mixed-use retail and business destination which is also owned by ROSHN Group. The location which is home to over 100 brands and has become a business hub for national and international offices spans over 160 700 sq m and welcomes over 10 million visitors a year. ROSHN Group recently trialled Saudi Arabia s first fully autonomous food delivery service at ROSHN Front in partnership with delivery service Jahez. This pilot programme uses self-driving robots developed by ROSHN s IT and Innovation teams as well as Jahez. The initiative which aims to reduce delivery times cut emissions and promote smart transportation as part of ROSHN s innovation strategy and Saudi Arabia s Vision 2030 goals will be expanded once trials are completed. WAREFA In addition ROSHN Group is also making progress on both development and sales of WAREFA its project in the east of Riyadh which was launched last year. The development which will cover 1.4 million sq m and feature 2 380 homes and 20 amenities such as educational facilities shops and restaurants is close to completing its infrastructure. WAREFA s contractors which include China Harbour have completed 100 per cent of the sewer and stormwater drainage networks. The irrigation and potable water networks are nearly ready. In terms of power connections over 97 per cent of the work on the medium-voltage electric network has been finished and three-quarters of the utility connections to residential units have been completed. The low-voltage electric network and the telecom and internet networks stand at 56 per cent and 75 per cent complete respectively. By completing the infrastructure the group will ensure that every home is ready to move into from day one with all essential services provided.

ROSHN Group Saudi Arabia s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company has announced that it has sold 60 per cent of the first sales offerings for ALMANAR its inaugural fully-integrated residential community in Makkah. The community which was announced in April 2024 and started selling units in February 2025 has proved popular with Saudi buyers from across the country says the leading developer. Located within the city s boundary ALMANAR s Phase One sales comprised 727 single-family homes in 14 types of townhouses duplexes and villas including the company s largest C10 villa design. These range from three- to four-bedroom townhouses and duplexes to four- to five-bedroom villas. Each home features contemporary designs including modern kitchens and shaded parking lots. Strategically located at Makkah s western gate between the old and new expressways linking the city to Jeddah ALMANAR is 20 minutes from the Al Masjed Al Haram (Great Mosque of Makkah) and less than an hour from Jeddah s King Abdulaziz International Airport. Construction work is currently under way on the ALMANAR project which broke ground in December last year. The contractors on the project include SARH ATTAQNIA and Saudi Pan Kingdom Company (SAPAC). Once complete the ALMANAR development will cover an expansive 21 million sq m offering over 33 000 residential units. The design of the community reflects ROSHN s vision is to create human-centric developments that prioritise people s needs. These developments offer a sustainable vibrant living environment that is seamlessly integrated with nature and expansive green spaces. It ensures effortless access to a wide array of community facilities and services including schools mosques shopping centres and healthcare facilities. With vibrant streets open spaces and recreational areas ALMANAR fosters social connections strengthens community bonds and cultivates a deep sense of belonging. The community includes extensive green spaces walking and cycling paths and a wide range of amenities such as retail centres schools and mosques all within walkable streets. Designed around a green spine or wadi over 20 per cent of ALMANAR is set aside for green and open public spaces which aim to promote a healthy active lifestyle with dedicated paths for walking running and cycling says ROSHN. Inspired by regional heritage ALMANAR homes blend traditional styles with modern materials and integrate energy and water-saving technologies for sustainability. Once complete Phase One will be home to over 17 000 residents and will feature a host of amenities including retail and commercial areas schools healthcare facilities and mosques. ROSHN Group a key enabler of Saudi Arabia s Vision 2030 is reshaping the kingdom s urban landscape with its integrated residential communities. Its projects include the flagship SEDRA in Riyadh ALAROUS in Jeddah ALDANAH in Dhahran and ALFULWA in Al Hofuf in addition to ALMANAR. Late last month (August) ROSHN announced a new release of residential units within the ALDANAH community. The new offering includes a variety of residential unit types starting from standard villas to duplexes with modern designs that meet diverse needs and tastes all within a community that offers integrated amenities and services said ROSHN on its X handle. Upon completion ALDANAH will include more than 2 000 residential units along with key amenities including schools shops and offices across 1.7 million sq m. The project is located within close proximity to landmarks such as Al Khobar s corniche (only 15 minutes away) Ithra (10 minutes away) The Avenues Khobar mall and the upcoming Aramco Stadium another prominent ROSHN initiative. Community initiatives Meanwhile as part of its CSR policy ROSHN Group is supporting the PIF s azm workforce development programme which aims to develop a new generation of Saudi engineers health and safety experts and facilities management professionals. Launched earlier last month with a host of partners including the kingdom s Technical and Vocational Training Corp Colleges of Excellence Human Resources Development Fund and ROSHN Group azm is part of a wider approach to foster local capabilities that will support the kingdom s construction engineering and facilities management sectors. Over the course of the next two years azm will train young Saudi nationals and provide them with both international certifications as well as opportunities with PIF s portfolio companies such as ROSHN Group. The focus will be on employer-driven skills development with vocational learning a priority for the Saudi students. The programme offers four training streams in the areas of engineering health and safety experts and facilities management with each attendee receiving an internationally recognised certification. ROSHN will provide employment opportunities for the graduates of the azm programme as part of its contribution to empowering young Saudis and growing the local workforce in these three key areas. Roshn Group has also signed an accession agreement with Jadeer service affiliated with the Small and Medium Enterprises Authority (Monshaat). Jadeer is a digital platform that enables qualified SMEs to benefit from collaboration opportunities by integrating into the Roshn Group s supply chain and procurement processes. It aims to provide these companies access to new markets and help enhance their economic contribution it added.

TOURISE a global platform shaping a new horizon for tourism announced on Tuesday that it has catalysed investment portfolios totalling 113 billion at the inaugural TOURISE Summit in Riyadh. The milestone reflects TOURISE s mission to unlock high value deal flow by convening public and private sector leaders across tourism technology investment and sustainability to set a shared roadmap for the next 50 years of global tourism it said. The announced portfolio investments span the full breadth of the visitor economy: luxury retail next generation hotel accommodation large scale integrated experience led developments wellness destination and lifestyle offerings talent development and AI powered platforms. Collectively these commitments set a new standard for what s possible and what s required to meet future tourism needs and redesign the traveller journey TOURISE said. Some of the international and local companies who announced their portfolios...

Global financial leaders and senior executives gathered today (November 11) at the Sheraton Bahrain Hotel for an exclusive executive roundtable titled Global and American Investment Outlook: Strategic Financial Leadership for Sustainable Growth in the GCC MENA and Beyond. The event hosted by EMIC Training in collaboration with Bentley University provided a platform for a dialogue on the future of investment strategies financial governance and sustainable growth in a rapidly evolving global economy said the organisers. The discussion offered dual perspectives - global and American - on how financial leadership can enable corporate strategy amid shifting market forces geopolitical uncertainty and the technological transformation of capital markets. Marwan Matar Managing Director of EMIC Training said: This dialogue reflects the region s growing influence in global capital markets. By connecting US and international perspectives we re helping financial l...

Rafal Real Estate Development Company Riyadh-based developer and Rove Hotels announced a strategic partnership to develop multiple Rove Hotels properties in the Saudi capital. The signing ceremony which took place in Riyadh officially marks the Rove brand s expansion into the Saudi Arabian market with plans for future cities to follow. Rove Hotels is a dynamic award-winning lifestyle brand that has rapidly emerged as one of the fastest-growing hospitality brands in the Middle East. Born in Dubai as a joint venture between Emaar Properties and Dubai Holding Rove already boasts over 8 000 keys open or under development. The brand is defined by its smart vibrant design seamless and fuss-free service culture and a robust commitment to sustainability appealing to the modern traveller seeking both style and substance. Under the agreement the ...

Abu Dhabi Investment Office (ADIO) has announced 29 commercial deployment agreements for autonomous mobility technologies on the sidelines of Abu Dhabi Autonomous Summit held as part of the inaugural Abu Dhabi Autonomous Week (ADAW). Marking a decisive moment in global smart mobility the landmark deals secured by ADIO with partnerships involving K2 LODD Autonomous (LODD) Autologix Sinaha TractEasy MLG and Space42 establish the capital as among the first cities globally to introduce an integrated multi-modal autonomous regulatory and infrastructure environment that enables companies to transition from the pilot phase to commercial deployment. Attracting inward investment and partnerships and with testing grounds to take technology to full-scale commercialisation Abu Dhabi has become a global destination for next-generation companies in the autonomous sector seeking to set up innovate test and scale their technologies. The 29 commercial agreements...

Meta Platforms has announced plans to invest 600 billion across the US over the coming years to expand its artificial intelligence (AI) and data center infrastructure one of the largest capital commitments ever made by a US technology company. The multi-year initiative will accelerate construction of hyperscale data centers designed to power Meta s next generation of AI systems virtual platforms and immersive technologies. According to CEO Mark Zuckerberg the company is front-loading compute capacity to prepare for the most optimistic cases in AI development. Meta s move underscores how the race to secure compute and data infrastructure has become central to leadership in AI. The plan includes billions in new facilities across several US states including a 27 billion financing agreement with Blue Owl Capital for a Louisiana site and a 1.5 billion data center investment in Texas. Artificial intelligence is reshaping the world s digital infrastructure an...

Cityscape Global 2025 will welcome world leading developers at the forefront of sustainability and smart city technology when the event opens its doors on November 17 in Riyadh. Ambitious projects such as NHC Diriyah Company ROSHN New Murabba Qiddiya City Rua Alharam Almakki co NEOM KAFD Red Sea Global Masar Destination Rua Al Haram and King Salman Park Foundation are reshaping Saudi Arabia s urban landscapes and setting new standards for sustainable inclusive communities. In the context of this rapid growth and reform Cityscape Global 2025 will also explore the transformative impact of Saudi Arabia s newly approved foreign home ownership law. Indeed the foreign home ownership law has widely been reported as a pivotal milestone in Saudi Arabia s real estate evolution and global investment strategy. This new policy is expected to drive a surge in international participation and capital inflows presenting a significant opportunity for inves...

Day 3 of Adipec 2025 concluded on November 5 with a resounding call to action for global financiers policymakers and energy leaders to accelerate investment in energy and infrastructure. Against the backdrop of high-level dialogue the event spotlighted the urgent need for scalable capital deployment to meet rising energy demand. With over 3.3 trillion in global energy investment projected this year Adipec reinforced its role as a catalyst for unlocking strategic partnerships and financial innovation across the energy value chain. Taking place from 3-6 November Adipec 2025 is convening financiers policymakers and industry leaders to unlock the capital tools and frameworks needed to transform global energy systems at speed and scale. With energy security and affordability shaping investment decisions and challenges persisting in emerging economies suc...

More than 700 entrepreneurs investors and policymakers explored opportunities in entrepreneurship innovation and digital transformation across the Gulf region during the second edition of the Qatar Investment and Innovation Conference: Driving GCC Entrepreneurial Growth held on Monday. Organised by The Business Year in partnership with Msheireb Properties with the Ministry of Communications and Information Technology as Strategic Partner the conference was held at Barahat Msheireb Doha. Building on the momentum from the inaugural edition held in January the conference provided a platform for meaningful dialogue on the region s rapidly evolving startup ecosystem. Against the backdrop of the GCC s ongoing economic diversification efforts discussions centred on public-private collaboration investment strategies and the policy frameworks needed to support the next generation of entrepreneurs. Eng Ali Al Kuwari CEO of Msheireb Properties said: The convers...

The Hospitality Asset Managers Association Middle East & Africa (HAMA MEA) is celebrating its ten-year anniversary having been established in 2015 within the Dubai International Financial Centre (DIFC). Over the past decade HAMA MEA has become a key voice for hotel stakeholders in the region promoting professional standards investment discipline and collaboration. T he association has transformed from a member group into a powerful platform that emphasises transparency education and data-driven decision-making. HAMA MEA has partnered with educational institutions like Les Roches and the Emirates Academy to provide training programs such as Asset Management Masterclasses and leadership workshops aimed at developing future hotel asset managers. Additionally thr...

Artificial intelligence (AI) and digitalisation took centre stage on day 2 of Adipec 2025 where global energy technology and finance leaders discussed the need for smarter investment to scale technologies and drive inclusive global progress. Government and industry leaders at Adipec 2025 rallied around AI s transformative power to strengthen energy resilience and accelerate decarbonisation recognising that energy and AI are not just shaping the future but actively accelerating it. As Adipec s second day unfolded under the theme of The Technology Leap: Redefining Energy Leadership its expanded AI Zone and new Digitalisation & AI Strategic Conference programme were of particular importance bringing together innovators and industry leaders to discuss and showcase technologies that...

Ministers gathered at WTM London 2025 shared their views on how smarter more inclusive investment models can help destinations to share more widely the benefits of travel and tourism. The 19th edition of WTM London s Ministers Summit in association with UN Tourism and WTTC offered examples of how the public and private sectors are working together to fund the opportunities and mediate the challenges of growing travel and tourism markets. Many destinations are using tax breaks and other incentives to drive tourism development. Christina Frasco from the Philippines talked about how it was offering fiscal incentives and opening new economic zones for tourism that champion sustainability green innovation and job creation. She also ta...

The chief executives from three major energy companies and a high-level minister from the US zeroed in on energy security in a wide-ranging discussion at Adipec. They saw a clear link between security and investment in the oil and gas sector and they broadly agreed on the critical need for more long-term capital investment. The discussion opened with a question on the short-term outlook: will there be a glut in the oil markets in 2026? Their perspectives on why there would not be a near-term glut led them to express concern for regulatory regimes and investment. Looking long term James Danly US Deputy Secretary of Energy put focus on the regulatory and policy framework rather than short term market forces. I don t think there s going to be glut ...

Saudi Arabia s real estate market is soaring fuelled by bold reforms and economic momentum says a report by CBRE Middle East a global leader in commercial real estate. CBRE s Q3 2025 Saudi Arabia Real Estate Market Review sees a resilient and rapidly evolving landscape driven by robust non-oil economic growth landmark regulatory reforms and rising development activity across key sectors. Saudi Arabia s real GDP grew by 3.9% year-on-year in Q2 prompting an upward revision of the 2025 forecast to 4.2% with the non-oil sector now contributing 56% of total GDP. This diversification is fuelling sustained demand across residential office retail hospitality and industrial markets. Three major policy interventions in Q3 are set to redefine the Kingdom s real estate trajectory the report said. They are: New ownership law for non-Saudis: Announced in July and set to take effect in January 2026 this landmark legislation opens the market to foreign invest...

Saudi Arabia s real estate market is soaring fuelled by bold reforms and economic momentum says a report by CBRE Middle East a global leader in commercial real estate. CBRE s Q3 2025 Saudi Arabia Real Estate Market Review sees a resilient and rapidly evolving landscape driven by robust non-oil economic growth landmark regulatory reforms and rising development activity across key sectors. Saudi Arabia s real GDP grew by 3.9% year-on-year in Q2 prompting an upward revision of the 2025 forecast to 4.2% with the non-oil sector now contributing 56% of total GDP. This diversification is fuelling sustained demand across residential office retail hospitality and industrial markets. Three major policy interventions in Q3 are set to redefine the Kingdom s real estate trajectory the report said. They are: New ownership law for non-Saudis: Announced in July and set to take effect in January 2026 this landmark legislation opens the market to foreign invest...

SICO a leading regional asset manager broker market maker and investment bank with physical presence in Bahrain Saudi Arabia and the UAE has announced an expanded product suite of 500 million in new transactions and investment initiatives during the Gateway Gulf 2025 Forum in Manama. The announcements span SICO s core business lines underscoring strong market momentum and investor confidence in regional capital markets. In Asset Management SICO is launching 450 million in new funds designed to capture growth opportunities and enhance portfolio diversification across asset classes. This includes two new equity funds totalling 100 million offering investors access to quant investing strategies that use algorithms to select stocks and analyze data focusing on achieving superior risk adjusted returns while minimizing reliance on human judgment and interference as well as high-yield strategies.A further 350 million is being deployed into special...

As the need to make energy poverty history becomes increasingly more urgent the African Energy Chamber (AEC) has announced the launch of the G20 Africa Energy Investment Forum on November 21 2025. Taking place at the Southern Sun Sandton in Johannesburg South Africa the forum will explore potential avenues for foreign investment in African energy delving into strategic topics from oil production to natural gas development to clean cooking nuclear and affordable energy. Africa s energy sector is currently at an important cross-road. Faced with both an energy and climate crisis the continent requires significant investment to bolster energy access...

ADIPEC 2025 which kicks off on Monday (November 3) in Abu Dhabi will serve as a vital platform to attract investment drive innovation and advance long-term carbon neutrality goals. ADIPEC 2025 will highlight the necessity of strengthening current energy system resilience alongside the increased deployment of smart solutions and technologies that accelerate global progress. The event will host its largest ever gathering of global leaders from across the energy ecosystem bringing together more than 45 ministers and 250 C-suite executives to address the world s need for more energy by building and scaling resilient systems that deliver progress for all. Hosted by ADNOC under the patronage of HH Sheikh Mohamed Bin Zayed Al Nahyan President of the UAE ADIPEC 2025 will be hosted at the ADNEC Centre in Abu Dhabi till November 6 under the theme Energy. Intelligence. Impact. convening leaders policymakers innovators and academics from across energy technology...

DP World has pledged to invest an additional 5 billion in India to strengthen its integrated supply chain network which supports both exports and domestic trade. This is in addition to the 3 billion that DP World has already invested in India over the past three decades. These investments are focused on strengthening India s infrastructure backbone advancing multimodal connectivity and enhancing the nation s competitiveness in global trade. Announced at India Maritime Week 2025 this development comes close on the heels of five agreements that DP World signed in the presence of the Union Minister of Ports Shipping and Waterways (MoPSW) Sarbananda Sonowal. The MoUs aim to forge industry partnerships that are expected to unlock significant opportunities for business and employment across India s maritime ecosystem. On the strategic investment Group Chairman and CEO Sultan Ahmed bin Sulayem said: DP World has been a part of India s growth st...

Tabreed a leading district cooling company has announced the successful raising of AED1.8 billion ( 490.13 million) new bank debt to support its strategic growth initiatives and optimise its capital structure. The new loan is part of Tabreed s plans to finance the company s capital needs and diversify its funding sources including funding investment and growth requirements said a Wam news agency report. The AED1.8 billion loan has a tenor of six years and is financed by Emirates NBD and Mashreq. The facility is fully Shariah-compliant and is structured as a dual-tranche (AED/USD) reflecting Tabreed s commitment to inclusive financing and alignment with regional investor preferences. Notably AED1 billion of the facility has been structured as green financing underscoring the company s dedication to sustainability and environmental stewardship. Khalid Al Marzooqi Chief Executive Officer of Tabreed said: This successful financing is a testament to the ...

The UAE s Ministry of Economy and Tourism convened a high-level ministerial roundtable meeting with more than 20 African nations in Dubai resulting in a joint ministerial statement that sets out a new investment mapping to bolster collaboration and partnership in tourism aviation transport and logistics infrastructure and digital transformation. The initiative positions tourism as a key driver of sustainable economic development in the UAE and across the African continent said senior officials at the meeting held on the sidelines of UAE-Africa Tourism Investment Summit 2025 in Dubai. Nearly 6 billion worth of tourism projects featured in the new investment mapping proposed by the participating countries. Held under the theme Tourism at the Heart of Africa s Growth Agenda the roundtable was attended by Abdulla bin Touq Al Marri Minister of Economy and Tourism alongside tourism ministers and officials from more than 20 African nations. Th...

Saudi Capital Market Authority (CMA) has approved a set of amendments to the regulatory framework governing the procedures for opening investment accounts in a major move aimed at strengthening foreign investor access and enhance market efficiency. CMA said these changes aim to facilitate access for a broader base of foreign investors and align with the Kingdom s regulatory and technological developments. The amendments are part of CMA s ongoing efforts to enhance the investment environment and expand the investor base in the Saudi capital market it stated. The requirements for opening an investment account for individual foreign investors residing in one of the GCC countries have been developed. In addition the scope of securities that they can directly invest in now includes the shares of listed companies on the Saudi Main Market (TASI). Before these facilitations their access was limited to t...

The UAE-Africa Tourism Investment Summit 2025 kicked off on today (October 27) under the theme Building Bridges for Sustainable Growth . Organised by The Bench as part of the Future Hospitality Summit (FHS World 2025) the event aims to strengthen economic and tourism cooperation between the UAE and African nations and expand joint investment opportunities in the tourism sector reported WAM. Hosted at the Madinat Jumeirah hotel the event seeks to enhance bilateral relations and create new avenues for sustainable growth in tourism and related industries. It also focuses on supporting shared efforts to promote sustainable tourism develop infrastructure and deepen strategic investment partnerships while highlighting promising tourism investment opportunities across Africa and the UAE s role as a key partner in the continent s tourism develo...

Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate fund managed by Sedco Capital Company) for a project in the port city of Jeddah. As per the SAR135 million ( 36.01 million) deal the company will develop and execute infrastructure works on a 960 000-sq-m project located in the North Obhur neighborhood in Jeddah said Sumou Real Estate Company in its filing to the Saudi bourse Tadawul. The entire work will be completed within a two-year period it stated. The project is expected to have a positive impact on the company s results it added.- TradeArabia News Service ...

Riyad Capital one of the k ingdom s largest asset managers and a leading company in real estate investment has announced that it will join hands with the Saudi Railway Company (SAR) to establish a real estate fund aimed at developing a mixed-use project based on the Transit Oriented Development (TOD) model a global concept focused on creating integrated urban communities adjacent to public transport stations. The project will be developed on a 90 000-sq-m land plot located in the Al Rusifah district near the Haramain High-Speed Railway Station in Makkah at s...

Red Sea Global (RSG) has been recognised with two distinguished recognitions at the Public Investment Fund (PIF) PMO Awards celebrating leadership and excellence in project management across the PIF portfolio. RSG received the PMO of the Year Award (Mature Category) a joint achievement between its Enterprise Project Management Office (EPMO) and Technical Project Management Office (TPMO) and the Project of the Year Award for Shebara Resort one of the company s flagship island developments at The Red Sea destination. Ahmad Ghazi Darwish Group Chief Administrative Officer Red Sea Global of Red Sea Global said: Winning two awards in a single year is a testament to the maturity discipline and innovation embedded across RSG s delivery ecosystem. Our EPMO and TPMO teams have built a project management culture that turns ambition into execution ensuring every project translates Vision 2030 into tangible world-class results. ...

The Saudi Arabia National Center for Vegetation Cover Development and Combating Desertification (NCVC) has invited investors to submit expressions of interest for investment opportunities in five national parks in Madinah Region Alqa Albaidha Aba Al-Jood Abdullah and Al-Afrah Desert parks as part of its effort to advance environmental and economic sustainability. Investment activities including camping caravans restaurants coffee shops seating areas outdoor-gear outlets safari trips and hiking aim to enhance vegetation cover stimulate the local economy and promote nature-based tourism while expanding private-sector participation in the development of national parks reported SPA. NCVC said it continues to offer both long-term and seasonal investment opportunities to support greening projects and land-restoration efforts conserve natural r...

In a major move Kuwait has issued a new decree regulating real estate ownership by companies investment funds and portfolios including those with foreign partners under specific conditions reported Arab Times. citing the official gazette (Kuwait Alyawm). Under this firms with expat partners that are listed on Kuwaiti stock exchanges - along with real estate funds and investment portfolios licensed by Kuwaiti authorities - can own real estate if their stated purpose includes real estate activities stated the report. It implements the provisions of Decree Law No.74 of 1979 which governs property ownership by non-Kuwaitis. Under the Kuwaiti law issued in 1979 such companies were barred from owning property in the country and only Arab individuals could buy a house or land through an Amiri decree stated the Arab Times report. According to the old legislation foreigners who inherit property from their Kuwaiti mothers must sell it within o...

Bahrain s housing ministry has signed agreements with top construction majors - Delmon Gate Almoayyed Contracting Naseej and First Bahrain Real Estate Development - for the construction of 137 new housing units in Salman City. These projects fall under the Government Land Development Rights Programme being implemented in partnership with the private sector. As per the deal Naseej Real Estate and Almoayyed Contracting will build 24 residential units while Delmon Gate will set up 69 units and First Bahrain 44 as part of the ongoing programmes reported BNA. Bahrain s Minister of Housing and Urban Planning Amna bint Ahmed Al Rumaihi inked the partnership deal with Amin Al Arrayed CEO of Naseej Real Estate Hala Farooq Almoayyed the Contracting Executive Director of Almoayyed Contracting Abdullah Ali the CEO of Delmon Gate and Omar Faisal Al Tamimi the CEO of Bahrain First Development Company at a key ceremony held yesterday (October 14). Al Ruma...

The UAE Ministry of Economy and Tourism is hosting the UAE-Africa Tourism Investment Summit 2025 in Dubai on October 27 at the Madinat Jumeirah hotel. To be held under the theme Building Bridges for Sustainable Growth the summit is part of the Future Hospitality Summit (FHS World 2025) organised by The Bench. The summit aims to strengthen economic and tourism relations between the UAE and Africa while opening new horizons for mutual investment across diverse tourism sectors. It will reaffirm a shared commitment to promoting sustainable tourism advancing infrastructure development and deepening strategic investment partnerships between the two sides. Moreover it will underscore the UAE s position as a key economic and investment partner in the growth of Africa s tourism sector. Abdulla Al Marri Minister of Economy and Tourism and Chairman...

OQ s Ladayn Programme Oman s first integrated polymer-to-product industrial ecosystem is entering a growth phase with strong investor interest and the first companies set to begin production in 2025. Positioned as a strategic hub for advanced manufacturing Ladayn has signed 26 investment agreements securing over 220 million with nine companies starting production by year-end. Ladayn focuses on high-value applications like advanced packaging and automotive compounds targeting European and global converters to expand in markets with limited local competition. Its proximity to OQ s polymer feedstock and robust infrastructure enables efficient supply chains and competitive energy pricing. The programme has attracted a diverse global investor base including firms from Germany Italy India China Turkey and Egypt enhanc...

Following a spectacular opening day Cityscape Qatar 2025 the nation s premier real estate exhibition surged into day two at the Doha Exhibition and Convention Center with momentum and energy according to the event organisers. Day two delivered a fascinating showcase of innovation immersive activations and strategic collaboration that cemented the event s status as the must-attend platform for the sector. The event saw global visionaries investors and developers explore the next era of property development as well as discover groundbreaking projects and unlock new investment opportunities. Across the exhibition floor thousands of visitors explored a dynamic mix of pavilions networking areas and interactive experiences as the region s biggest developers and institutions unveiled projects spanning residential hospitality industrial and mixed-use sectors said the event organisers. Exhibitors including JMJ which drew crowds with i...

Arcapita Group Holdings Limited (Arcapita) a global alternative investment firm today announced the exit of ARC US Industrial Portfolio VI a Class A industrial distribution facility located in Dallas-Fort Worth (DFW) Texas and fully leased to Federal Express Corporation (FedEx) under a long-term triple net lease. The asset was acquired by Ares Management a leading global alternative investment manager. The property which spans 776 629 sq ft was acquired by Arcapita in January 2021 and strategically selected for its proximity to major interstate highways intermodal rail terminals and FedEx s second-largest US distribution hub located just four miles away. The facility serves as a critical node in FedEx s logistics network benefitting from a dense population base and robust regional demand for industrial space. img src= data:image/jpeg;base64 /9j/4AAQSkZJRgABAgAAZABkAAD/7AAxRHVja3kAAQAEAAAAZAADABwAAAAMAEEAbABpACAAQQBsAHIAaQBmAGYAYQBpAAD/7gAOQWRvYmU...

The Gulf Central Asia the Caucasus and Turkey region is growing in importance as an integrated economic hub says a new report. Oman Investment Bank s report titled GCAT: The Rise of a Strategic Economic Corridor which highlights economic performance and developments across the region says the region connects energy-rich Gulf states with resource-abundant Central Asian countries extending to European markets through Turkey Azerbaijan and Georgia. The report covers 14 strategically significant economies and underscores the region s growing importance as an integrated economic hub connecting energy-rich Gulf states with resource-abundant Central Asian countries extending to European markets through Turkey Azerbaijan and Georgia. Together these economies represent a combined GDP of approximately 4.4 trillion equivalent to 4% of global GDP with an average annual growth forecast of 4.4% between 2025 and 2027 surpassing the 3.9% average growth rate of o...

Themis a leading British financial crime intelligence and technology company has announced its strategic expansion into Bahrain through investment in Aman. Aman meaning safety and security is Bahrain s first and only national anti-financial crime compliance platform. Developed and powered by Themis it is designed to support all companies in Bahrain in protecting themselves and their customers through a Bahrain-specific suite of tools said a statement from Themis. Bahrain continues to reinforce its reputation as the region s leading financial centre offering a stable well-regulated and forward-looking environment for innovation and investment it stated. The launch of Aman underscores that commitment - combining the best of British technology with Bahraini vision to deliver safer smarter and more connected financial services it added. The British Embassy in Bahrain hosted an official recepti...

Ajman s Department of Land and Real Estate Regulation said 5 048 real estate transactions were registered during the third quarter of 2025 with a total value exceeding AED8.12 billion ( 2.21 billion) marking a 47% growth compared to the same period last year. Omar bin Omair Al Muhairi Director-General of the Department stated that the figures recorded during the third quarter reflect the continued positive momentum in Ajman s real estate market. He noted that the diversity of real estate projects and the noticeable increase in the number of investors are due to a supportive and stimulating business environment that enhances confidence and ensures a comprehensive and successful investment experience said a Wam news agency report. He pointed out that the total trading volume reached AED5.22 billion from 4 102 transactions. The Al Rumaila 3 area recorded the highest sales value at AED300 million while the Emirates City project topped the list of major projects with th...

Fasset the global digital asset investment platform has entered into a strategic collaboration with NEC Money Exchange one of Bahrain s leading exchange houses to extend new investment opportunities to NEC s valued customers. The announcement was made during Fintech Forward one of the region s premier gatherings for the financial technology industry. Under this collaboration Fasset and NEC will work together to introduce innovative investment opportunities for NEC s customers starting with exclusive over-the-counter (OTC) services. The partnership reflects a shared commitment to delivering added value and expanding access to new financial solutions in Bahrain said a statement. This collaboration marks another milestone in Fasset s mission to bring global investment access to communities across the Middle East and the global south in general. NEC s reputation and customer reach in Bahrain make them an ideal partner to expand our OTC services and...

The financial system governance and regulation of mineral exploration and mining must be reformed to ensure greater capital flows and a clean energy transition say the authors of a new report by the UN Environment Programme-hosted International Resource Panel. With mineral extraction rising to 50 per cent of annual global raw material extraction up from 31 per cent in 1970 financing responsible mining will be critical to a successful and fair energy transition. Mineral extraction has increased five-fold since 1970 and the market for critical energy transition minerals the building blocks of clean energy technologies like solar panels wind turbines and batteries is expected to continue expanding rapidly. In 2023 alone the demand for materials such as nickel cobalt graphite and rare earth elements saw increases of between 8 and 15 per cent. In the case of lit...

The Dubai real estate sector s upward trajectory over the last five years is highlighted by a new market report today (October 9) which points towards long-term stability and sustainable growth for investors. Over the first nine months of 2025 compared with the same period in 2021 real estate sales soared by 379.9 %. in value from AED104 billion ( 28.3 billion) to AED499 billion ( 135 billion). Transaction volume also jumped by 266% from 43 200 to 158 400. The dramatic upward curve for the January-September period culminated in a 32.4 % increase in total sales value and a 20.6 % rise in transactions over the last 12 months alone. A market study from fäm Properties shows that average overall monthly real estate sales rose sharply from 14 600 transactions worth AED41.89 billion for the first nine months in 2024 to 17 600 deals amounting to AED55.46 billion this year. Average sales values and volumes were also u...

Arcapita Group Holdings the global alternative investment firm has announced the launch of Lintara Properties a dedicated real estate asset manager developer and investment advisor operating in key regional markets including Saudi Arabia UAE and Bahrain. A major player in the region the Bahrain-headquartered Arcapita manages more than 1 billion in industrial real estate assets across the GCC serving a diversified tenant base that includes global and regional leaders such as DSV Obeikan and Iron Mountain. The new entity Lintara will provide asset management and development services to Arcapita s existing and future GCC industrial real estate funds positioning these funds with the scale and market reach to drive accelerated growth. With this foundation Lintara is well positioned to be the partner of choice for logistics and industrial tenants pursuing strategic expansion across the region. Launching wit...

This Sunday the Doha Exhibition & Convention Center transforms into the epicentre of real estate innovation as Cityscape Qatar the nation s premier real estate exhibition returns for its landmark 13th edition. Over three full days until October 14 the event will unite more than 15 000 investors developers government leaders and innovators - all eager to experience the next era of property development in Qatar and beyond said the event organisers. Under the theme Shaping the Future of Real Estate Cityscape Qatar 2025 blends headline launches with actionable investor content and next-generation innovation. Across three immersive days attendees will gain exclusive access to new inventory near-term opportunities and the policy-plus-technology enablers reshaping the sector across Qatar and the region. This year s Cityscape Qatar promises to be the most dynamic yet with over 70 leading...

ATME the digital assets exchange licensed by the Central Bank of Bahrain (CBB) has introduced a new regulated model that enables brokers and asset managers to issue and trade investment products directly on its platform. Arabian Gulf Capital is the first to launch under this framework enabling tokenised investment products to be brought to market faster at a lower cost and with full regulatory oversight. The inaugural product comprises a portfolio of fixed-income securities and was sold out within hours of its launch. Each unit was issued as a digitally native token and listed on ATME s regulated platform offering investors secondary market access while reducing operational complexity and compliance requirements. Under the CBB s regulatory framework investment products issued on the ATME platform require regulatory approval. Investors gain accessible and secure entry into alternative assets through this fully compliant and innovative model. p...

The Abu Dhabi Investment Office (ADIO) has presented its suite of enablement programmes designed to support manufacturers in Al Ain and across Abu Dhabi at the first edition of the Al Ain Industrial Majlis held at Adnec Al Ain. These include the Energy Support Programme Rent Programme Smart Manufacturing Acceleration Programme Local Content Support and the Golden Vendor Programme. To date 217 industrial entities in Al Ain have been designated as the Golden Vendors. The event convened key stakeholders from government entities private sector partners and industrial leaders to discuss the future of Al Ain s industrial sector and explore opportunities for global expansion. The majlis featured expert presentations sector-focused roundtables and networking activities. Participants highlighted Al Ain s strategic role in the UAE s industrial landscape citing its advanced infrastructure innovation-driven environment and digital transformation efforts as key e...

The Bahrain Economic Development Board (Bahrain EDB) has successfully concluded a strategic five-day visit to the US which kicked off on September 29 and ran until October 3. The visit was aimed at showcasing Bahrain s compelling value proposition and ease of doing business to leading US-based companies with a particular focus on key sectors namely financial services manufacturing and information and communications technology (ICT). Led by Noor bint Ali Alkhulaif Minister of Sustainable Development and CEO of Bahrain EDB the delegation highlighted the kingdom s diverse investment opportunities. During the visit which comprised both Los Angeles and San Francisco the Bahrain EDB held a series of high-level meetings and curated networking dinners to prospective investors and business leaders. Across these professional exchanges Bahrain s competitive advantages supportive ecosystem and future-ready highly skilled talent were highlighted to ...

Dubai s real estate market hit a new milestone in Q3 2025 recording the highest ever quarterly transaction volume and the second-largest sales value on record pushing total sales for the first nine months of the year to nearly AED500 billion ( 136.15 billion). A market update issued today by fäm Properties revealed that Q3 produced 59 228 sales transactions totalling AED170.7 billion marking YoY increases of 17.2% in volume and 19.9% in value. Data from DXBinteract also shows the full extent of the market s surge in the first nine months of 2025 with total sales reaching AED498.8 billion from 158 200 transactions - up 32.33% in value and 20.46% in volume compared with January-September 2024. Q3 saw 49 370 apartment sales at AED94.3 billion up 25.9% YoY in volume with commercial sales soaring 41.9% in volume to 1 565 transactions valued at AED4.2 billion. /div...

KKR an investment firm has acquired a minority stake in Abu Dhabi National Oil Company (Adnoc) Gas Pipeline Assets. The gas pipeline network connects Adnoc s upstream assets to local off-takers in the UAE. Pipeline ownership and operational management remain with Adnoc. KKR is acquiring a minority stake through its managed accounts matching the type and tenure of the investment with long-duration capital. We are pleased to expand our strategic partnership with Adnoc and to invest further in Abu Dhabi s long-term prosperity and critical infrastructure commented General David Petraeus (US Army Ret.) Partner KKR Chairman of the KKR Global Institute and Chairman of KKR Middle East. This investment reflects KKR s commitment to expand partnerships and investment across the Middle East. The region s str...

The Sharjah Investment and Development Authority (Shurooq) has invested more than Dh300 million ( 82 million) in developing the Sharjah Collection a portfolio of seven luxury eco-retreats offering wellness heritage and nature-based experiences across the emirate. Together the retreats provide 154 high-end accommodation units in diverse landscapes from coastal mangroves and desert dunes to mountain valleys and heritage villages said Shurooq in a statement. The collection operated by Shurooq forms part of its Dh850 million ( 231 million) hospitality portfolio and reinforces the emirate s vision for sustainable development. It aims to deliver experiences that combine cultural authenticity ecological balance and slow travel while also generating employment and protecting the environment through sustainable architecture and low-carbon operations it stated. The global wellness tourism sector is projected to exceed 1 trillion in 2025 accord...

SC Capital Partners Group a leading Singapore-based institutional real estate investment management firm has launched the SC GCC Real Estate Industrial Development Fund (GRID). CapitaLand Investment Limited (CLI) a leading global real asset manager which holds a 40% stake in SC Capital Partners will co-sponsor the fund. The fund marks a significant step in advancing industrial and logistics development across the GCC with initial projects in the United Arab Emirates and the Saudi Arabia. SC Capital Partners will also collaborate with its affiliated industrial partner THi Holding Management Corporation which will serve as the development manager asset manager and operator. Together the three partners will form a consortium that combines institutional investment expertise with on-the-ground development capabilities to drive the Fund s success. Suchad Chiara...

Arcapita Group Holdings Limited a global alternative investment firm has exited nine highly functional industrial real estate assets totaling 1.5 million square feet located in Indianapolis Indiana the company said. The portfolio was acquired by Capital Partners a fully integrated logistics real estate specialist. The exit marks a successful outcome for Arcapita and its investors delivered following a volatile macroeconomic environment shaped by significant interest rate increases. The portfolio which included a mix of office flex and distribution facilities delivered stable income and experienced meaningful value appreciation over the holding period. This underscored Arcapita s disciplined investment strategy and its hands-on approach to asset management including tenant engagement leasing activity and operational efficiency. Brian Hebb Managing D...

CG Developers the real estate arm of multinational conglomerate CG Corp Global has launched the first JW Marriott Residence in Dubai. The event saw the formal signing the unveiling of JW Marriott Residences at Dubai Islands Central and the reveal of CG Developers new global logo. CG Developers is a part of CG Corp Global built by the Chaudhary family. The family s roots began in Nepal in 1935 and over the decades they built CG Corp Global into Nepal s first and only multi-billion-dollar multinational conglomerate with a 100-year legacy spanning four generations. CG Developers Global established in 1995 has a global proven track record of developing over 2 million square feet with a sales value exceeding 1 billion. Having already established a strong presence in the Middle East for over two decades this latest announcement sets a new benchma...

Demand continues to surpass deliveries in the Abu Dhabi real estate market with the sector experiencing the strongest ever half year performance in the first half of this year says a new report. The Abu Dhabi Real Estate Centre (ADREC) the custodian and regulator of Abu Dhabi s real estate sector has released its inaugural Real Estate Market Report marking a new chapter in strengthening transparency trust and data driven decision making in the sector. The in-depth report highlights the strongest ever half year performance of the sector driven by population growth foreign investment and a transition to premium grade developments. Record transactions growth Based on the findings in the report the total value of real estate transactions in the first half of this year reached a record AED54 billion ( 14.7 billion) in ...

Ras Al Khaimah is set to take centre stage as the UAE reinforces its position as a magnet for global real estate investment with the inaugural International Real Estate Investment Summit (IREIS) scheduled for October 30 31 2025. The two-day event by Cityscape hosted at Al Hamra International Exhibition & Conference Centre in Ras Al Khaimah aims to provide an unprecedented platform to unlock high-value real estate opportunities by connecting investors developers and policymakers to offer insight into both regional growth and emerging global trends. Designed as a forum without borders the summit will spotlight the UAE s transformation and the wider evolution of global real estate markets from shifting capital flows in Europe and Asia to the rise of sustainable urban models in North America while also examining market trends investment strategies and innovations shaping the next era...

Dubai real estate investors have been warned not to rely on forecasts of price corrections based solely on new supply data and anchor their decisions on much broader key market signals. In recent months rating agencies Fitch and Moody s as well as other real estate specialists have pointed towards price corrections of around 15% by the end of this year or in early 2026. In response Firas Al Msaddi CEO of fäm Properties one of Dubai s biggest real estate agencies said today forecasts based on the number of new units scheduled for delivery can be misleading without consideration of these key factors: Rising sales activity despite supply Resilient investor demand thanks to attractive yields Strong migration and population gr...

Oman Investment Bank has completed the successful debut bond issuance for Sindbad Overseas Group marking an important milestone in broadening Oman s capital markets. The transaction raised OMR73 million ( 190 million) through a four-year amortising guaranteed bond priced at a yield of 7%. The bonds were listed on the Muscat Stock Exchange on September 15 2025. The issuance generated strong demand from regional institutions and prominent investors which led to an increase from the original target size of OMR50 million to OMR73 million making this the largest debut OMR-denominated bond issuance by an Omani corporate to date. Oman Investment Bank acted as the Issue Manager and Collecting Bank. Mohamed Al Habsi Acting Chief Executive Officer of Oman Investment Bank said: We are pleased to have acted as Issue Manager and Collecting Bank for this debut issuance. This milestone underscores the Ban...

Qatar Investment and Innovation Conference has announced that the Ministry of Communications and Information Technology (MCIT) has joined the upcoming edition of the event as Strategic Partner. This high-level forum organised by The Business Year (TBY) and Msheireb Properties is designed to foster dialogue between policymakers investors entrepreneurs and innovators from across the Gulf region. The conference scheduled for 3 November 2025 at Barahat Msheireb will have Driving GCC Entrepreneurial Growth as its theme and convene senior leaders from government investment and the private sector to explore opportunities in entrepreneurship innovation and digital transformation across the GCC. Msheireb Downtown Doha will provide a fitting venue for these regional stakeholders to engage in meaningful discussions on the role of entrepreneurship in driving...

A delegation from the Bahrain Economic Development Board (Bahrain EDB) hosted a series of high-level meetings and business forums in Japan this week as part of the official visit of His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister to the country. The strategic programme aimed to highlight Bahrain s competitive advantages and investment opportunities strengthening the economic cooperation between the two nations. In partnership with Nikkei the EDB hosted the Bahrain Japan Investment Forum in Tokyo. The event highlighted the Kingdom s evolving investment landscape and future economic vision to over 120 senior Japanese business leaders from across key sectors. The forum featured a fireside chat with Noor bint Ali Alkhulaif Minister of Sustainable Development and Chief Executive of the Bahrain EDB who discussed the country s forward-looking economy...

ADQ Abu Dhabi s sovereign investor focused on critical infrastructure and global supply chains and Azerbaijan Investment Holding (AIH) have signed a memorandum of understanding to explore avenues of collaboration aimed at advancing shared development objectives. The MoU was signed during the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan President of the UAE to Azerbaijan and in the presence of President Ilham Aliyev of Azerbaijan. As part of this agreement the parties will examine prospects in the financial services sector with particular emphasis on initiatives that deepen market connectivity and build a more resilient investment ecosystem to support sustainable growth said a statement. The partnership builds on the joint investment platform launched in December 2023 under which ADQ and AIH committed equal capital to advance projects in sectors such a...

The real estate and rental activities sector contributed 7.4 percent to GDP with value added reaching QR13.44 billion in the first quarter (Q1) of this year according to the Real Estate Regulatory Authority Aqarat. The sector registered a growth of 7 percent compared to the same quarter in last year said the authority in a X post a report in Peninsula newspaper said. Moreover the value of real estate activities in the first quarter of this year has grown by 20 percent since the first quarter of 2022. This is clear testament of the national efforts to attracting investments into the sector as part of the national diversification strategy. In a previous post it noted that Al Rayyan is the most prominent investment destination in first half of 2025 compared to the same period in the previous year. It also highlighted the record numbers in Al Gharrafa and increased ac...

Kuwait s Al Hamra Real Estate Company will hold the second edition of the Al Hamra Career Fair on September 17 and 18 connecting leading employers across the private and public sectors seasoned professionals and fresh graduates. The event will be held at the Al Hamra Shopping Center in collaboration with Zone the organiser of Watheefti Career Fair. Building on the success of its inaugural edition this annual platform reflects Al Hamra s role as a thriving business hub while creating meaningful opportunities for career development and professional networking. The fair comes as part of Al Hamra s development strategy reaffirming its role as a pioneer in supporting the community and national economy by empowering talent and fostering sustainable growth said a statement. The inaugural edition of the Al Hamra Career Fair welcomed more than 7 000 visitors...

Oman Investment Authority (OIA) has announced the launch of the Energy Transition Fund a joint initiative between Future Fund Oman and Templewater a leading alternative asset management firm in Asia. This initiative first announced in Muscat last July marks a significant step towards accelerating the global shift to clean energy and strengthening strategic cooperation between Oman the GCC and China reported ONA. The official launch was announced on the sidelines of OIA s participation in the 10th Belt and Road Summit which was held in Hong Kong in the presence of government and business leaders convened to explore investment opportunities and reinforce economic partnerships among Belt and Road Initiative members. The Initiative launched by China in 2013 is one of the world s largest global infrastructure and connectivity programs linking more than 70 countri...

The real estate market in Abu Dhabi is growing at an exponential rate with demand outgrowing supplies fast a top official told delegates at the International Real Estate Conference part of the International Real Estate Investment Show (IREIS) 2025 that is taking place at the Abu Dhabi National Exhibition Centre (ADNEC). The economic diversification is creating new jobs and opportunities in Abu Dhabi where the demand for quality residential units is way much higher than the pace of supply and developers need to invest in new homes Amer Al Ahbabi Chairman of Capstone Real Estate said. The higher demand is pushing the prices up that makes investment in real estate very profitable with premium growing fast. Properties are sold out at launch events as more and more investors are coming to Abu Dhabi to enjoy living in one of the safest places in the wor...

Saudi Arabia s bold measures to stabilise the real estate market including the amendment of the Idle Land Tax law providing subsidised land plots in Riyadh are expected to increase supply and price normalisation says an Alrajhi Capital research. The year 2025 so far has been an eventful year for the Saudi Arabia s real estate market. It all started with directives issued by the government late March setting up the stage for reforms within the sector. These directives include an increase in the supply of land in the North Riyadh (restricted 81.48 sq km) and to provide 10 000-40 000 land plots to Saudi nationals every year with a capped price of SAR1 500/sq m (RCRC launched a platform to accept applications on September 11 2025). Later in July the cabinet approved the foreign ownership law allowing non-Saudi nationals to own the propert...

UN Tourism has connected public and private sector leaders to highlight the enormous opportunities of investing in Africa s growing tourism sector. The Tourism Investment Forum hosted by the Government of South Africa brought together global tourism leaders to explore investment opportunities in South Africa and across the African continent. Highlighting South Africa s vibrant tourism sector which welcomed nearly 9 million international visitors and 47 million domestic trips last year contributing over 12 per cent to national GDP the Forum underscored the country s role as a gateway for regional tourism development. Opening the Forum Zurab Pololikashvili UN Tourism Secretary-General said: Investing in tourism is about more than infrastructure it s about building a sustainable future through education and inclusion. We are proud to be leading the con...

Ras Al Khaimah s real estate market is witnessing a sustained growth in demand for residential properties with the emirate experiencing strong economic fundamentals and a solid fiscal position says a report. S&P Global is forecasting a 4.2% annual GDP growth through 2027 for Ras Al Khaimah. Inflation remains stable with a slight annual increase in the Consumer Price Index (CPI). Crucially FDI is also now gaining momentum with AED700 million attracted across six key projects in the first half of the year alone including a major adhesives facility by HB Fuller said CBRE Middle East a global leader in commercial real estate services in a research paper. RAKEZ the Ras Al Khaimah Economic Zone saw strong growth in H1 2025 adding 8 506 new companies a 43% year-on-year increase and was named the Fastest-Growing Economic Zone in the UAE in March 2025. RAK&#39...

pX the region s first AI-powered platform that aims to transform real estate decision-making in the region by bringing institutional-grade infrastructure was launched today in Dubai. Built to meet the growing demand for speed clarity and tailored insight pX moves beyond static dashboards to deliver actionable insights and decision-ready storylines the company said. The launch comes with the announcement of an exclusive partnership with REalyse the UK s leading real estate intelligence provider. Under the agreement pX becomes the sole platform in the GCC with access to REalyse s proprietary decision-making technology which currently powers institutions like CBRE Invesco and several branches of the UK government. Since quietly going live in August 2024 pX has been working behind the scenes to localise and deploy this technology to reflect the region&rsq...

Bahrain registered a total of 13 452 real estate transactions in H1 2025 marking a 16.4% increase as compared to H1 2024 said a report. Transaction values increased by 3.9% in the first quarter of 2025 compared to the same period in 2024 amounting to a total of BHD775.2 million ( 2056.34 million) said CBRE s Bahrain Real Estate Market Review H1 2025. Average actual apartment sale rates experienced a decrease of 2% in H1 2025 compared to H2 2024 and villa sales rates also fell by 2.3% following a period of marginal increases. While quoted apartment rents saw a marginal increase of 1.0% for the first time following a period of consistent declines the trend of marginal yet consistent decline continued for villas with average quoted rated falling by 1.0%. Average occupancy across CBRE s set of 21 tracked retail centres (Super Regional to Regional Category) decreas...

Oman has mapped a 97.48 billion investment programme across its energy system through 2032 with green hydrogen taking the largest share according to a report released by the Energy Industries Council (EIC) the world-leading energy trade association. The EIC Oman Country Report counts 76 projects under development spanning hydrocarbons power renewables and transition technologies. The report also sets out how the sultanate plans to roll out hydrogen projects upgrade its grid in stages and prepare export infrastructure in parallel. The report s data is drawn from EICDataStream EICAssetMap and other proprietary EIC databases. These databases cover global energy projects supply chain capabilities and infrastructure assets. According to the report hydrogen which includes 16 developments is at the centre of the country s ene...

SICO Capital a leading provider of asset management brokerage and investment banking services in Riyadh and licensed by the Saudi Capital Market Authority has appointed Maan AlDerazi as its new Head of Real Estate Investments. AlDerazi brings over 20 years of extensive industry experience to the role having concluded several billion dollars in cross-border commercial real estate investments and having held positions at prominent firms such as Meraas Holding and Istithmar. We are delighted to welcome Maan to the SICO Capital team said Wissam Haddad CEO of SICO Capital. His deep knowledge of the real estate sector and proven track record will be invaluable as we continue to expand our offerings and deliver exceptional value to our clients. Maan AlDerazi said: I am honoured to join SICO Capital a firm distinguished for its strong track record...

The Public Investment Fund (PIF) and Macquarie Asset Management (MAM) have signed a memorandum of understanding to advance investments and collaboration in key sectors and industries support foreign institutional investment in Saudi Arabia s economy and further enhance the Saudi asset management industry. Under the MoU PIF and MAM will explore potential joint investments in the infrastructure and energy transition sectors including priority areas such as digital infrastructure electric vehicle infrastructure and energy storage said a Saudi Press Agency report. MAM will seek to establish a regional office in Riyadh which represents a continuation of PIF s ongoing efforts to localize and build partnerships with leading global investors and operators it said. PIF is one of the world s most impactful investors with approximately 925 billion of assets ...

The UAE real estate witnessed sustained market growth owing to strong demand and proactive government initiatives said leading industry expert Colliers. The Abu Dhabi market is well-positioned for continued growth with increased developer activity while Dubai is experiencing unprecedented growth with multiple developments in progress stated Colliers in its Q2 2025 real estate report which provides key insights into market activity supply demand and price movements across Abu Dhabi Dubai Al Ain and Northern Emirates. On Abu Dhabi residential and office market Colliers said the emirate s real estate market is demonstrating its most robust performance since 2009. In Q2 2025 approximately 3 250 residential units were delivered with nearly 2 150 additional residential units anticipated to be handed over by year-end primarily in Investment Zones such as Yas Island Masdar City Saadiyat Island and...

Adnoc Gas believes this milestone will enhance its visibility among global institutional investors broaden its shareholder base and support liquidity on the Abu Dhabi Securities Exchange (ADX). Market analysts estimate that inclusion may result in up to 250 million in incremental investment. The FTSE Emerging Index is widely tracked by international investors and measures the performance of large and mid-cap companies across advanced and secondary emerging markets within the FTSE GEIS. Adnoc Gas CEO Fatema Mohamed Al Nuaimi said: Joining the FTSE Emerging Index is a strong endorsement of Adnoc Gas fundamentals and consistent delivery on our strategy. This achievement reinforces our ambition to diversify our institutional investor base enhance liquidity and elevate our global investment profile. It follows our recent inc...

The Saudi Industrial Investment Group Company has announced that it has successfully completed the purchase of 11 million shares of its stock holding for SAR 200 million ( 53.2 million). The stock holding includes 10 million shares as treasury shares and 1 million shares for the long-term employee stock incentive programme. The average purchase price per share stood at SAR18.2. This comes following the go-ahead from shareholders at the extraordinary General Assembly held early this year said Saudi Industrial Investment Group in its filing to Saudi bourse. On the purchase period approval the Saudi group said it has to be completed within a maximum period of 12 months from the date of the Extraordinary General Assembly s approval .-TradeArabia News Service ...

Local market experience and capital investment provided by Saudi wealth fund PIF makes for a compelling combination for organisations looking to power growth from the kingdom a panel of thought leaders heard at the Aramco Houston Championship. The Golf Saudi-supported session part of the FII Institute s Elevated Green series of topical debates brought together a distinguished panel to discuss issues relevant to Houston including the architectural energy challenges posed by the growth of AI and considerations for investors scaling up sports portfolios. The series forms part of the lead-up to FII Institute s flagship conference FII9 which will take place in Riyadh from October 27 to 30. A group of people sitting on a stageAI-generated content may be incorrect. The event was staged at the Golfcrest Country Club in Houston on the eve o...

Bahrain Economic Development Board (Bahrain EDB) has signed a memorandum of understanding (MoU) with the General Authority for Investment and Free Zones (GAFI) Egypt to deepen their investment cooperation. The agreement signed in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister during his official visit to Egypt highlights the shared commitment of both nations to strengthening their long-standing strategic investment partnership. The MoU was signed by Noor bint Ali Alkhulaif Minister of Sustainable Development Chief Executive of the Bahrain EDB and Hossam Heiba CEO of GAFI representing their respective organisations. Noor bint Ali Alkhulaif commented: This MoU with the General Authority for Investment and Free Zones reflects the strength of the investment partnership between Bahrain and Egypt. It lays the grou...

Saudi Arabia s infrastructure ambitions are setting new international benchmarks with projects that not only meet domestic needs but also position the kingdom as a hub for international trade and investment said leading industry experts ahead of Global Infrastructure Expo. Taking place from September 15 to 17 at Riyadh International Convention & Exhibition Center (RICEC) the event is being held under the patronage of Prince Dr. Faisal Bin Abdulaziz Bin Ayyaf Mayor of Riyadh Region and Chairman of the Board of Riyadh Infrastructure Projects Center (RIPC) with RIPC also serving as a Strategic Partner. Now in its fourth edition Global Infrastructure Expo serves as a gateway to high-level partnerships business networking and thought leadership. The event is co-located with Smart Cities Saudi Expo. Spanning 25 000 sqm the exhibition will feature more than 300 exhibitor...

Saudi Arabia s infrastructure ambitions are setting new international benchmarks with projects that not only meet domestic needs but also position the kingdom as a hub for international trade and investment said leading industry experts ahead of Global Infrastructure Expo. Taking place from September 15 to 17 at Riyadh International Convention & Exhibition Center (RICEC) the event is being held under the patronage of Prince Dr. Faisal Bin Abdulaziz Bin Ayyaf Mayor of Riyadh Region and Chairman of the Board of Riyadh Infrastructure Projects Center (RIPC) with RIPC also serving as a Strategic Partner. Now in its fourth edition Global Infrastructure Expo serves as a gateway to high-level partnerships business networking and thought leadership. The event is co-located with Smart Cities Saudi Expo. Spanning 25 000 sqm the exhibition will feature more than 300 exhibitor...

Leading global investors developers policymakers and thought leaders will be in capital Doha this October to take part in Cityscape Qatar 2025 a major real estate industry event in the region. To be held from October 14 to 16 at the Doha Exhibition & Convention Center the event will be co-located with INDEX and Big 5 cementing the exhibition as the ultimate one-stop destination for real estate construction and design professionals said organisers Informa Tharawat. The combined event will span over 15 000 sq m and feature more than 70 exhibitors across residential commercial industrial hospitality and logistics sectors. Leading developers on display include Diamond Sponsor Qetaifan Projects Qatari Diar Barwa Real Estate Tameer and UDC. Under the strategic theme Shaping the Future of Real Estate this year&...

Riyad Capital the leading Saudi IB Advisor and a leading asset manager within Saudi Arabia and the GCC region has announced the successful issuance of a SAR500 million ( 133 million) Saudi Riyal denominated sukuk for Sumou Global Investment Company a first of its kind for the Saudi Real Estate sector. Sumou priced SAR 500 million in senior secured Sukuk with a 3-year maturity and a coupon of 8.50% payable on a quarterly basis. This landmark transaction marks the company s debut into the debt capital markets a strategic move towards diversifying its funding sources and securing capital for long-term growth. The transaction was notably upsized from an initial issue size of SAR 300 million due to significant demand with initial subscription multiples of almost two times the offer size from both retail and institutional investors. This robust demand represents a clear endorsement of Sumou s credit story...

Despite holding 30% of global reserves Southern Africa attracts less than 10% of exploration spending leaving huge investment opportunities untapped. The World Economic Forum (WEF) has called for urgent action to unlock investment in Southern Africa s vast critical mineral reserves warning that current financing flows fall far short of what is needed to meet surging global demand for clean energy and low-carbon technologies. A new report released under WEF s Securing Minerals for the Energy Transition (SMET) initiative developed with the Development Bank of Southern Africa (DBSA) and McKinsey & Company examines opportunities and challenges across 10 countries: Angola Botswana Democratic Republic of the Congo (DRC) Madagascar Mozambique Namibia South Africa Tanzania Zambia and Zimbabwe. The study highlights that Sub-Saha...

Global investment in new renewable energy projects hit a record 386 billion in the first half of 2025 up 10% from the previous year a report said. However asset finance for utility-scale solar and onshore wind shrank by 13% compared to H1 2024 reaching the lowest share of total investment since 2006 according to the latest investment data collected by BloombergNEF (BNEF) and published in the 2H 2025 Renewable Energy Investment Tracker. BNEF finds that utility-scale solar photovoltaic investment was particularly hit falling 19% compared to the first half of 2024. The markets that saw the largest year-on-year declines in investment including mainland China Spain Greece and Brazil have seen rising curtailment and greater exposure to negative power prices signaling that concerns over revenue were paramount for investors. Utility-scale solar investor activity was stronger in market...

UAE-based Global South Utilities (GSU) has joined forces with Egypt s AH Industrial Management China s JA Solar and Bahrain s Infinity Capital to develop an integrated solar industrial complex in a deal worth 220 million. GSU part of Abu Dhabi s Resources Investment said the project will create one of the region s largest renewable energy manufacturing hubs and reflects the UAE s leadership in driving the green transition across the Middle East and Africa. The Atum Solar Egypt project in Ain Sokhna ( TEDA ) will cover 200 000 square metres and include a 2 GW solar cells factory for exports and a 2 GW solar modules factory to serve Egypt and Africa to support reliable clean power. Implementation will take up to three years from construction to full operation generating more than 800 direct jobs and gradually increa...

SNB Capital has successfully closed 100 investment banking transactions since the firm s inception in 2021 with a combined value of more than SAR750 billion ( 200 billion) averaging closing 2 to 3 transactions every month and contributing to strategic direction of transforming the Saudi Capital Markets attracting global capital and foreign direct investments into the kingdom. Among these 100 transactions are some of the most significant deals in the region and internationally such as the SAR42.1 billion ( 11.23 billion) fully marketed offering for Saudi Aramco the largest secondary offering of its kind in EMEA and the Middle East and the SAR3.86 billion ( 1.03 billion) accelerated book building transaction in Saudi Telecom Company the largest overnight deal of its kind in Saudi Arabia and the wider Mena region completed as part of the Capital Recycling Program of the Public Investment Fund. This a...

Hanwha Group South Korea s seventh-largest business group has announced a 5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea s commitment to supporting growth of the US shipbuilding industry through a 150 billion investment fund. The announcement was made in time for the christening of a new training vessel the US Maritime Administration s (MARAD) third National Security Multi-mission Vessel (NSMV). The naming ceremony which took place at Hanwha Philly Shipyard was attended by South Korean President Lee Jae Myung the First Lady and other senior officials. Pennsylvania Governor Josh Shapiro and Senator Todd Young also joined the event. The ceremony followed summit talks between President Lee and US President Donald Trump. Earlier the Lee administration had pledged 150 billion in American shipbuilding investments during a trad...

Lunate an Abu Dhabi-based global alternative investment manager with 110 billion in assets under management (AUM) and Brevan Howard one of the world s most successful hedge fund managers with AUM of 34 billion today announced the formation of a strategic long-term partnership to establish an investment platform to be domiciled in the Abu Dhabi Global Market (ADGM) subject to regulatory approval. The partnership plans to launch with an initial long-term commitment of 2 billion from Lunate and will comprise a unique suite of newly created funds exclusive to the partnership. These funds will leverage Brevan Howard s existing strategies and investment capabilities including macro and digital assets. Additional capital is expected to be raised over time from local and international investors. Lunate will also acquire a minority ownership stake in Brevan Howard marking its strategic expansion into ...

Kuwait s recent landmark reforms in its real estate sector - especially with regard to industrial projects where foreign investors have been permitted to obtain up to 100% ownership - is likely to drive the property prices to a new high reported Arab Times citing an industry expert. The government which controls over 90% of the country s land has historically restricted foreign investment to protect local ownership. However new measures now allow investors to acquire land more easily through corporate investment funds and portfolios with provisions enabling up to 100 percent ownership in industrial projects under certain conditions stated the report. The government s easing of investment restrictions marks a significant shift in Kuwait s real estate landscape balancing efforts to encourage foreign investment while addressing the ...

Amanat Holdings a leading healthcare and education listed investment company has completed the sale of its education real estate asset for AED453 million ( 123.35 million). Delivering an unlevered cash-on-cash multiple of 1.7x and an internal rate of return of 10% the transaction will generate a net cash return of AED294 million underscoring the strength of Amanat s investment strategy the company said. The asset comprises the real estate of North London Collegiate School acquired by Amanat in June 2018 for AED360 million with Amanat subsequently funding a capital expansion of AED33 million increasing Amanat s total investment in the asset to AED393 million. This successful exit is a clear demonstration of Amanat s identify grow monetise strategy which focuses on investing in high-potential assets accelerating their growth and monetizing t...

The Saudi Central Bank (SAMA) has granted the Saudi Real Estate Refinance Company a no-objection clearance to launch residential mortgage-backed securities (RMBS) in the domestic market. According to a press release issued by SAMA this programme is designed to strengthen the sector s financing capacity by transforming residential real estate financing portfolios into securities. This will contribute to establishing a robust securitisation issuance framework reinforcing the domestic debt market broadening the investor base and diversifying funding sources. In line with the objectives of Saudi Vision 2030 this step supports SAMA s mandate in fostering financial sector stability through its regulatory and supervisory role it said according to a Saudi Press Agency report. ...

Al Reem Island Abu Dhabi has cemented its position as the leading residential investment destination in the UAE capital achieving a 38% year-on-year increase in off-plan property weighted average prices during the second quarter according Mered an international real estate developer. The property weighted average prices are a way to determine the appraised value of a property by taking into account the prices of similar properties in a specific area but giving more weight to those that are more comparable. Other key areas such as Khalifa City and Jubail Island recorded weighted average price growth of 24% and 20% respectively reinforcing the overall robustness of Abu Dhabi s real estate sector and highlighting Al Reem Island s strong competitive edge. These figures analysed by Mered using comprehensive transaction data from Quant...

The UAE Ministry of Economy and Tourism has announced the UAE Africa Tourism Investment Summit set to take place on October 27 2025 in Dubai. This event is part of the Future Hospitality Summit (FHS World 2025) a global platform for the hospitality tourism and investment industries. The Summit s goal is to strengthen economic and tourism partnerships between the UAE and African countries fostering mutual investments in key sectors especially tourism and hospitality. To support this initiative the Ministry signed a Memorandum of Understanding (MoU) with The Bench the organisers of FHS World in the presence of Abdulla bin Touq Al Marri the Minister of Economy and Tourism. The MoU was signed by Badreya Al Maidoor Assistant Undersecretary for the Support Services Sector and Daria Smith Portfolio Director at The Bench. &nb...

The GCC real estate sector witnessed robust activity during the first half of the year underlining the resilience of the industry mainly supported by sales activity rising property values and investor demand across residential commercial and hospitality segments according to Kuwait Financial Centre (Markaz). In its latest real estate market outlook Markaz offers a comprehensive review of market performance across Kuwait Saudi Arabia and UAE for the first half along with forward-looking insights for H2 2025. With macroeconomic indicators showing signs of continued recovery Markaz expects real estate markets in Kuwait Saudi Arabia and the UAE to maintain upward momentum through the second half of 2025. Lower interest rates fiscal support and sustained government investment in economic diversification are anticipated to drive growth and market confidence it st...

This year marks a milestone for The Bench as they celebrate 20 years in the UAE. Over the past two decades Future Hospitality Summit (FHS) has evolved into the region s influential hospitality and tourism investment event serving as a platform for leaders innovators and investors to connect collaborate and shape the future of the industry. To mark this special occasion Jonathan Worsley Chairman The Bench asked six industry leaders and members of FHS Club their exclusive community reserved for those who shape the future of hospitality about the trajectory of the sector. Together they represent a wealth of experience diverse perspectives and visionary leadership: Elie Milky Chief Development Officer Middle East Cyprus & Greece Radisson Hotel Group; Hala Choufany President- Middle East and Africa HVS; Duncan O Rourke CEO of Accor Premium Midscale & Economy MEA APAC; Guy...

In a move to mobilise international capital for Syria s estimated 500 billion reconstruction effort the Syria Recovery & Investment Forum is launching two new editions this September in Bahrain and Abu Dhabi following the success of its July event in Dubai. The upcoming forums aim to attract strategic investors and stakeholders across sectors such as education energy housing smart cities ports and metro systems where Syria s rebuilding needs are most urgent. Backed by contributions from Gulf nations and international partners including the US UK Europe and Turkey the initiative is gaining momentum as a platform for private sector-led development. Forum Dates and Venues: Bahrain Edition: September 1-2 Sheraton Bahrain Hotel. Register at: https://adamsuniversal.fillout.com/bahrain Abu Dhabi Edition: Sep...

Saudi Arabia s mining sector has achieved a major global milestone jumping from 104th place in 2013 to 23rd in 2024 on the Investment Attractiveness Index by Fraser Institute s 2024 Annual Survey of Mining Companies surpassing prominent mining destinations in Asia and Latin America. This achievement solidifies Saudi Arabia s position as one of the world s fastest-rising powers in the mining sector said a Saudi Press Agency report. According to the Fraser report the kingdom made notable progress in the Policy Perception Index rising from 82nd globally in 2013 to 20th in 2024 reflecting growing international confidence in its stable regulatory environment. The Best Practices Mineral Potential Index saw an unprecedented leap moving from 58th in 2013 to 24th in 2024 underscoring the scale of the kingdom s vast and untapped mineral wealth supported by ongoing geological surveys dis...

The Etihad Rail network will transform the UAE s economic landscape by boosting connectivity reducing travel times and driving genuine demand in emerging markets says a UAE property expert. Etihad Rail benefits will extend far beyond real estate creating new corridors for living trade and investment across the Emirates said Firas Al Msaddi CEO of fäm Properties. When we saw Sheikh Mohammed riding the Etihad Rail from Dubai to Fujairah that wasn t just a symbolic moment - that was the announcement of a new real estate era in the UAE said Al Msaddi. It represented a once-in-a-generation infrastructure shift that will redefine how value is created captured and capitalised across the Emirates he said. We re not just talking about transportation. We re talking about speed interconnectivity and productivity and how all of ...

Barco Developers a new UAE-based real estate developer has officially announced its entry into the UAE property market with plans to develop over 2 million sq ft of low- to mid-rise residential communities across Dubai and Ras Al Khaimah. Barco Developers is founded by a team of seasoned operators with over 25 years of experience across real estate finance consulting F&B and manufacturing Barco Developers leadership has delivered successful real estate and investment projects across Europe and North America. The company now brings this global expertise to the UAE market with a clear vision to develop value-based communities where comfort meets technology targeting the underserved end-user segment said a statement. The first projects of the company are set to launch in Dubai South starting with a residential development to be launched officially...

Mubadala Energy the international energy company headquartered in Abu Dhabi today announced the closing of its recently reported strategic investment in the US natural gas sector through its partnership with Kimmeridge the energy-focused alternative asset manager and the rebranding of SoTex HoldCo to Caturus in which Mubadala Energy now owns a 24.1% equity stake. Caturus is building the leading integrated natural gas and LNG export platform in the US through a combination of its upstream operations under Caturus Energy formerly Kimmeridge Texas Gas and via Commonwealth LNG a 9.5 mtpa liquefied natural gas export terminal to be located near Cameron Louisiana. Most recently Commonwealth LNG announced it has contracted Technip Energies to provide engineering procurement and construction (EPC) services to build its state-of-the-art facility and anticipates receiving final investment decision later this year...

The organis ing committee of the Suhar Investment Forum has officially announced the start of preparations for the forthcoming edition of the forum scheduled to take place on February 4 and 5 2026 . /spa...

The real estate transactions in Bahrain surged to BD775.2 million ( 2.04 billion) during the first half from BD745.8 million last year reported BNA citing a senior official. This marks an increase from 5 099 transactions compared to last year s figure of 5 005 transactions. As per official data there was a 20.75% jump in the value of property transactions by non-Bahrainis compared to a 4.39% increase among Bahrainis said Survey and Land Registration Bureau (SLRB) president Bassem Al Hamer. The highest single-day transaction value in this period was recorded on April 21 reaching BD53.6 million he stated underscoring the continued growth of Bahrain s real estate market. By governorate the Capital Governorate led with BD265.4 million in transactions and a 32.84% growth rate followed by Muharraq Governorate with B...

The Saudi Real Estate Refinance Company (SRC) a PIF company has announced that it has signed a real estate finance portfolio purchase agreement with Bank Albilad. This strategic step reinforces the ongoing partnership between the two entities and reflects their shared commitment to supporting the growth of the Kingdom s residential real estate finance market said SRC in a statement. The agreement forms part of a broader series of future initiatives aimed at deepening collaboration between SRC and the bank over the coming year in support of the development of the housing and financial sectors. It was signed in the presence of Majid bin Abdullah Al Hogail the Saudi Minister of Municipalities and Housing and Chairman of SRC alongside Nasser bin Mohammed Al Subaie the Chairman of Bank Albilad. This agreement builds on the existing partnership between t...

The Saudi Real Estate Refinance Company (SRC) a PIF company has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of Majid bin Abdullah Al-Hogail the Minister of Municipalities and Housing and Chairman of SRC alongside Nasser bin Mohammed Al-Subaie Chairman of Bank Albilad. This strategic step reinforces the ongoing partnership between the two entities and reflects their shared commitment to supporting the growth of the kingdom s residential real estate finance market. The agreement forms part of a broader series of future initiatives aimed at deepening collaboration between SRC and the bank over the coming year in support of the development of the housing and financial sectors. It aligns with Saudi Vision 2030 objectives to enhance financial sustainability and stimulate economic growth. SRC CEO Majeed bi...

Abu Dhabi-based Modon Holding a leader in real estate hospitality asset and investment management and tourism has delivered an outstanding AED2.1 billion ( 571.82 million) H1 2025 net profit with continued momentum across its core segments. Modon Holding an Abu Dhabi-based leader in real estate hospitality asset and investment management and tourism delivered exceptional performance in the first half of 2025 with revenue and profitability significantly increasing year-on-year excluding last year s one-off items. The results were driven by solid contributions across all four core segments underpinned by the successful integration of recent acquisitions and execution of strategic investments the company said. Real estate revenue led Modon s growth which was further strengthened by stronger recurring revenue from improved operations across the Asset M...

As UAE continues to implement its key urban agenda its residential real estate sector is poised to register steady and sustained growth over the coming years according to Arabian Gulf Properties a key real estate developer. The value of residential real estate transactions is projected to witness a compound annual growth rate (CAGR) of 2.66% over the next four years stated the developer in its report. This trajectory reflects a robust outlook for the UAE s property market buoyed by growing investor confidence strong policy support and the nation s continued appeal as a hub for economic opportunity and lifestyle excellence it added. Arabian Gulf Properties under the leadership of Chairman Badar Rashid Alblooshi views this trend as a clear signal of the market s resilience and evolution. The company continues to advoc...

Abu Dhabi-based EHC Investment has announced that its safety vertical unit - Emirates International Firefighting (EIFF) - has successfully acquired the entire stake in Tamouh Fire and Safety (Tamouh) a premier provider of fire protection solutions based in UAE. This acquisition positions EHC to deepen its commitment to enhancing national safety infrastructure expand its presence in a critical industry and propel innovation in fire and life safety services across the region said EIFF in a statement. Tamouh is renowned for its comprehensive fire protection portfolio ranging from system design and installation to maintenance and emergency response services. Its unwavering compliance with global standards and adoption of cutting edge technologies have made it a trusted partner for residential commercial and government clients across Abu Dhabi it stated. /div...

Zambia s Mopani Copper Mines has experienced a significant revival following a transformative investment by UAE s International Resources Holding (IRH). The mine has seen a 14 per cent increase in ore production an 18 per cent rise in copper grades and a 23 per cent boost in contained copper output. The revival has been a contributing factor to Zambia s 4 per cent GDP growth in 2024. IRH s investment has been over 1.1 billion since 2023 with plans for further expansion to 300 000 tonnes per year by 2029. This is a proud moment for IRH and for the UAE said Ali AlRashdi Chief Executive Officer of International Resources Holding. Our partnership with Mopani is a model for long-term responsible investment. We are creating jobs building capacity and supporting Zambia s position in the global energy transit...

ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a Public Investment Fund (PIF) company has signed several agreements with leading Singaporean organizations as part of its ROSHNEXT innovation program. These agreements signed with AI Singapore and Action Community for Entrepreneurship (ACE.SG) are aimed at promoting the transfer of ideas with a focus on leveraging both entrepreneurship and technology to innovate in the real estate sector. Designed to accelerate the pace of real estate development in the kingdom to match the aspirations of Saudi Vision 2030 ROSHNEXT s innovation program is facilitating partnerships with leading entrepreneurial and technology organizations. The agreement with Singapore s ACE.SG establishes a strategic platform to build country-level innovation partnerships. T...

The oil and gas sector needs 18.2 trillion in investments by 2050 to meet future demand according to Haitham Al Ghais Opec Secretary General. He stated that oil and gas are essential pillars for a stable and secure energy future and that the world must invest now to be prepared for what lies ahead. Al Ghais made these comments in an interview with Energy Connects during the 9th Opec International Seminar in Vienna Austria. He pointed out that global energy demand was projected to increase by 23 per cent by 2050 with oil demand expected to reach 123 million barrels per day (bpd). He stressed that this growth necessitates substantial investments to ensure energy security affordability and reliability while addressing emissions from all sources. The theme of this year s seminar Charting Pathways Tog...

In a landmark move aimed at bridging traditional real estate with emerging opportunities in infrastructure Charles Group one of India s fastest-growing diversified conglomerates has signed a 1 billion strategic agreement with the US-based Patel Family Office during the Global Wealth Conference 2025 hosted by the Sovereign Wealth Fund Institute (SWFI) at London s historic Mansion House. As per the deal the firms will co-develop a digital investment platform focused on real estate and infrastructure assets across UK GCC India and the SAARC region with long-term plans to scale globally and explore strategic business investment opportunities in this space. Charles Group said the technology infrastructure will be provided by a US-based company. The MoU was formally exchanged in the Egyptian Hall witnessed by more than 40 global asset allocators including ove...

Unique Properties one of the UAE s most prominent real estate agencies has announced a landmark joint venture with AIR (AI Realtor) an AI-native proptech innovator. As part of the agreement Unique Properties will invest 20 million into AIR over the next two years to fuel the development and deployment of next-generation technologies in the real estate space. The partnership marks a bold leap forward for the region s property sector blending years of market leadership with cutting-edge artificial intelligence to reshape how real estate is bought sold and experienced. Unique Properties said this strategic alliance comes as the UAE cements its position as a global leader in real estate innovation. Progressive government policies and a world-class digital ecosystem have created ideal conditions for meaningful disruption ...

Jadwa Investment has led a 50 million investment round in PetroApp Saudi Arabia s leading fuel management platform. Founded in 2018 PetroApp is Saudi Arabia s first independent provider of digital fuel payment and fleet management solutions. The platform enables access to ancillary services such as car washes oil changes tire and battery replacements and eliminates cash transactions reducing fraud and improving cost control for corporate and government fleets. PetroApp manages over 500 000 vehicles for 10 000 corporate clients across Saudi Arabia Egypt Thailand and Nigeria. The transaction marks Jadwa s fifth investment under its Jadwa GCC Diversified Private Equity Fund launched in late 2024. The fund s acquisition of a majority stake in Makhazen Alenaya a market leader in S...

The third edition of Vision Golfe a leading forum for economic dialogue between France and the Gulf countries brought together over 1 200 participants including 550 high-level stakeholders from the region. The forum also hosted five ministers around 80 top-level speakers over 2 000 formal and informal meetings and more than 70 partner organizations solidifying its position as a premier platform for France-GCC economic collaboration. Gulf countries are no longer seen merely as consumers they are now recognized as producers and increasingly as global innovators. This shift is reflected in the presence of 2 000 active French subsidiaries operating across the Gulf region said the event organisers. These companies bring industrial expertise and contribute directly to the region s sustainable transformation across critical sectors they stated. &n...

Dubai-based Major Developers has appointed seasoned industry leader Philip Yousef as its new chief sales officer. His appointment signals the company s continued ambition to expand its footprint in the region s fast-evolving luxury property market. Yousef brings with him a wealth of experience from some of the UAE s most prominent developers including Beyond the premium real estate brand of Omniyat Group Sobha Realty Damac Properties and Emaar. Known for driving record-breaking sales and scaling operations in both regional and international markets Yousef s leadership is expected to play a key role in propelling Major Developers next phase of growth said the developer. This leadership change comes as Major Developers gains momentum with a pipeline of headline-making developments including Manta Bay a limited-edition project endorsed ...

Dr Sultan Al Jaber Minister of Industry and Advanced Technology Managing Director and Group CEO of Adnoc and Executive Chairman of XRG today called for energy technology finance and policy sectors to work in sync to meet the once-in-a-generation investment opportunity of artificial intelligence (AI). Delivering a keynote address in Washington DC at the ninth edition of the Atlantic Council Global Energy Forum to an audience of policymakers and industry leaders Dr Al Jaber described AI as the next stage of human evolution and emphasised that meeting its demands will require an equally transformative shift in energy policy investment and infrastructure reported WAM. The race for AI supremacy is not just about code it s about gigawatts he said. Every AI breakthrough consumes more power. And right now global energy systems are not read...

The European Commission has projected a need for 241 billion ( 277 billion) in nuclear investments by 2050 to deliver on EU Member States nuclear energy plans and achieve long-term energy decarbonisation goals reported WAM. This estimate published in the Commission s eighth nuclear illustrative programme (PINC) outlines the EU s strategy for balancing industrial competitiveness energy security and climate commitments under the REPowerEU Plan and Clean Industrial Deal. Currently nuclear power contributes approximately 23% of EU electricity but with a mixed outlook across member states some phasing out nuclear while others are expanding. The EU anticipates nuclear capacity rising from 98 GW today to 109 GW by 2050 or up to 144 GW in an optimistic delivery scenario. With more than 90% of electricity projected to come from decarbonised sources by ...

Egypt targets 30 million tourists by 2031 under a new investment plan for its tourism and antiquities sectors. The target was part of a government strategy to increase foreign direct investment which was reviewed at a meeting chaired by Prime Minister Mostafa Madbouly reported Daily News Egypt. The government is working to formulate clear plans with specific targets in order to present investment opportunities in various sectors in a way that contributes to increasing foreign direct investment the prime minister said at the start of the meeting at the government s headquarters in the New Administrative Capital. Madbouly added that the tourism sector is one of the country s most important and the meeting aimed to follow up on the efforts of the tourism and investment ministries in this regard. Sherif Fathy Minister of ...

Dubai Metro s Blue Line is having a profound positive impact on the emirate s real estate market reshaping the real estate investments map and writing a new chapter in the city s real estate boom said a leading Dubai-based real estate brokerage W Capital. In an in-depth analysis of the project W Capital stated that the new Blue Line was in the heart of the Dubai Urban Plan 2040 framework which aims to enhance urban sustainability improve quality of life and support transportation infrastructure. This will directly impact vital economic sectors most notably the real estate sector it stated. The project will cover areas of high strategic importance including Al Warqaa Mirdif and Dubai Academic City and will reach Jebel Ali Port via Dubai International Airport. This extensive coverage will contribute to connecting new resid...

Almal Real Estate Development celebrated the official inauguration of The Unexpected Ibiza Hotel the first destination under the bold new Unexpected Hotels & Residences brand. The reimagined Ibiza hotel marks the beginning of an ambitious international journey one that Almal Real Estate Development is spearheading in the Middle East region with its flagship development: The Unexpected Al Marjan Island Hotel & Residences set to open its door in 2027 on Al Marjan island Ras Al Khaimah. The Unexpected Al Marjan Island Hotel & Residencies will feature 422 exclusive hotel and residential units all offering high energy experiences unexpected entertainment vibrant day-to-night life. Located just steps from the Wynn resort guests will enjoy panoramic views of both the Wynn resort and the serene sea. The destination will offer standout amenities including an...

Dubai Land Department (DLD) has announced that its second tokenised project on the Prypco Mint platform was fully funded in a record-breaking one minute and 58 seconds attracting 149 investors from 35 nationalities. This unprecedented demand pushed the waiting list to over 10 700 investors reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate said DLD in a statement. By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms Prypco Mint is setting new standards for market accessibility. As the platform expands its projects and partnerships it is helping to shape a future where tokenised assets are expected to become a central part of Dubai s property market by 2033 it stated. Amid this momentum DLD has called upon interest...

Emirates Stallions Group a leading conglomerate with operations spanning from workforce solutions real estate development design and interiors manufacturing to agriculture and landscaping and a subsidiary of International Holding Company announced today the launch of Royal Development Holding a visionary boutique real estate developer aiming to evolve spaces and elevate lives. As part of its launch Royal Development Holding unifies a group of specialized real estate development entities including Royal Development Company (RDC) and Royal Architect Project Management (RAPM) while paving the way for the introduction of new companies that will further strengthen its market presence and capabilities said Emirates Stallions Group in a statement. Building on Royal Development Company s 15-year legacy of trust excellence and innovation the launch of Royal Development Holding marks a new era for the Group...

ACWA Power the world s largest private water desalination company and a leader in energy transition and first mover into green hydrogen has announced the signing of memorandum of understanding (MoU) and strategic partnership agreements (SPA) with key Malaysian entities during the ASEAN-GCC Summit in Kuala Lumpur Malaysia. These partnerships create a powerful synergy between Malaysia s innovative ecosystem and Saudi Arabia s energy transition expertise supporting decarbonisation efforts and establishing a strategic platform for sustainable development across Southeast Asia said a statement. By unlocking unprecedented opportunities in renewable energy green hydrogen and advanced water solutions these collaborations are fully aligned with Malaysia s National Energy Transition Roadmap (NETR) while contributing to Saudi Vision 2030 s objectives for global climate leadership. ...

Zain Business the B2B arm of leading telecom services operator Zain Bahrain has signed a new agreement with Orchid Developers one of the first developers to offer freehold commercial and residential projects in Bahrain. As per the deal the duo will provide the tenants and residents of all Orchid Towers with ultra-high-speed internet ensuring seamless connectivity and a superior digital experience. As part of this collaboration Zain Business leveraging its expertise in advanced fiber-optic and wireless internet access will be the provider for residents of the new buildings. This partnership is part of Zain s strategy to accelerate digital transformation for enterprises developers and customers to drive innovation and growth across the Kingdom it stated. Ali Mustafa Chief of Business & Wholesale Officer at Zain Bahrai...

Dubai Land Department (DLD) has announced the launch of the Mena region s first tokenised real estate investment project through the Prypco Mint platform. The initiative is being implemented in partnership with Prypco in collaboration with the Virtual Assets Regulatory Authority (VARA) the Central Bank of the UAE and the Dubai Future Foundation (DFF) through the Real Estate Sandbox. Zand Digital Bank has been appointed as the banking partner for the project s pilot phase positioning Dubai as the first city in the Mena region to adopt a licensed platform for real estate tokenization. DLD has officially launched the pilot phase of investment in tokenized real estate marking the activation of the digital platform mint.prypco.com. The platform enables users to generate returns and own a share in a prime real estate project in Dubai. ...

UAE-based Major Developers has appointed New System Engineering (NSE) as the main contractor for its upcoming luxury project Manta Bay on Al Marjan Island in Ras Al Khaimah. Its scope of work ranges from master planning to execution. This collaboration signifies more than a contractual milestone as it represents a convergence of shared values industry depth and a mutual vision to redefine the architectural narrative of Ras Al Khaimah s burgeoning coastline. For Major Developers this partnership is an affirmation of its guiding philosophy: that enduring luxury is born out of trusted collaboration technical rigour and a relentless focus on detail. In today s fast-evolving market the true measure of a developer lies not just in what is built but in how and with whom it is built remarked its CEO Andrei Charapenak after signing the deal with NSE Ge...

ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a PIF company has launched the ROSHNEXT the Group s innovation arm. The program is designed to develop human-centric experiences that accelerate growth enhance collaboration and establish new standards within the real estate sector. ROSHNEXT will drive innovation by fostering partnerships adopting cutting-edge technologies and fast-tracking the transformation of new ideas into impactful real-world solutions reinforcing the Group s vision to lead meaningful innovation and transformation within the real estate industry. The launch of ROSHNEXT reaffirms the Saudi group s commitment to innovation as a core strategic pillar. The Group has recently introduced several pioneering initiatives including the interactive ROSHN Group s Mobility Exp...

In a strategic move to drive investment growth and accelerate economic diversification Invest Qatar has launched a 1 billion incentives programme aimed at strengthening Qatar s position as a leading global business hub. Unveiled at the 5th edition of Qatar Economic Forum the programme offers a comprehensive suite of incentive packages tailored for both local and international investors. These incentives provide financial support covering up to 40% of eligible local investment expenses over five years including business setup costs construction office leases equipment and employee-related expenses. Targeting key growth sectors identified in the Third National Development Strategy (NDS3) namely advanced industries logistics IT and digital and financial services the incentive programme will be rolled out in phases. The first phase introduces four off-the-shelf incentive packages designed to support ...

Saad Al-Kaabi the Minister of State for Energy Affairs the President and CEO of QatarEnergy called for continued investments in energy projects stressing that a fair oil price will ensure sustained production and to ensure additional reserves. He made the remarks at the Qatar Economic Forum 2025 during a panel discussion on Global Energy Supplies & Security with the participation of Ryan Lance the Chairman and Chief Executive Officer of ConocoPhillips. Minister Al-Kaabi added: We need somewhere in the range of 70 to 80 dollars in my view to be able to sustain the current production and increase. If you don t have additional investment to sustain that needed energy it is going to be damaging and will cause shortages in supply. He asserted the need for more energy to help growth across the world saying: We are going to have 1.5 to...

Leading Egyptian developer Talaat Moustafa Group Holding (TMG Holding) said it has entered into an agreement with Oman s Ministry of Housing and Urban Planning to develop two large-scale projects in the sultanate at an investment of RO1.8 billion ( 4.7 billion). The agreement marks TMG Holding s first venture into Oman and aligns with the company s regional expansion strategy focused on developing integrated smart cities across the Middle East. Announcing the key projects TMG Holding said the first one will cover 2.7 million sq m in Sultan Haitham City west of Muscat. Strategically located near Muscat International Airport the mixed-use development will include villas apartment buildings a 190 000 sqm social and sports club and 140 000 sqm of commercial and service areas. The second development will span 2.2 million sq m in A...

DP World will invest 2.5 billion this year to expand its global logistics network launching major infrastructure projects across India Africa South America and Europe in response to rising demand for resilient integrated supply chain solutions. The four major developments across four continents extend DP World s end-to-end capabilities significantly expanding capacity in its network of global ports and reinforcing its position as a key enabler of global trade said DP World in a statement. Construction is underway on a new 510 million terminal at Tuna Tekra in Gujarat on India s northwestern coast. Featuring a 1.1 km berth and annual capacity of 2.19 million TEU the terminal will connect India s vast hinterland to global markets through a network of roads and railways enabling faster more efficient trade access for Indian businesses. ...

LEOS Developments an award-winning international property and lifestyle developer is revolutionising the real estate market by embedding artificial intelligence across every stage of its development and customer journey. LEOS is placing technology at the heart of its strategy to deliver smarter faster and more emotionally engaging experiences the company said. In property development AI is transforming how homes are designed visualised and assessed. According to Forbes Global AI-driven tools can increase property valuation accuracy by as much as 7.7% and reduce the need for manual inspections by up to 50% demonstrating the technology s growing impact and potential. One of the most powerful AI tools LEOS is pioneering is the creation of AI-generated fully animated project presentations that give prospective buyers and partners a vivid emotionally com...

Neuberger Berman a global investment manager and the Public Investment Fund (PIF) have signed a non-binding memorandum of understanding (MoU) to accelerate the growth of Saudi Arabia and Middle Eastern capital markets by working together to support up to 6 billion in investments in Saudi Arabia and to launch a Riyadh-based multi-asset investment management platform. The MoU was signed by Abdulmajeed Alhagbani Head of Securities Investments MENA Investments Division at PIF and George Walker Chief Executive Officer of Neuberger Berman. Aligned with supporting PIF s goal to develop Saudi Arabia s asset management industry the collaboration includes: Enabling the flow of international investment into Saudi Arabia via Neuberger Berman s established global presence. Launching a domestic investment platform managing strategies in equities fixed income a...

Saudi Arabia s hospitality sector is expected to experience significant growth due to Vision 2030 and strategic tourism infrastructure investments according to JLL s latest report. The MENA region has shown resilience maintaining a 3% CAGR from 2019-2024. The region s projected 4% CAGR from 2024 to 2028 is significantly outperforming the Americas Europe and Asia-Pacific. Major development projects in Saudi Arabia are largely driving this growth. With approximately 160 000 quality hotel rooms in operation and an additional 106 000 in the pipeline Saudi Arabia is expected to account for 58% of the total hotel supply in the MENA region by 2028. The Kingdom s progress in transforming its tourism industry driven by Vision 2030 and strategic infrastructure investments has resulted in substantial growth in the sector. The National To...

Real estate and construction stocks continue to capture investor attention across the UAE with strong fundamentals says eToro s recent Retail Investor Beat survey. According to the survey 52.5% of investors see real estate and construction as the most promising sector over the next 12 months ahead of even the fast-growing technology sector which came in at 42% says Josh Gilbert Market Analyst at eToro. Dubai and Abu Dhabi s property markets remain two of the hottest globally fuelled by population growth foreign investment and demand for premium developments. This strength has translated into solid returns for listed developers in the last year such as Emaar Properties ( 72%) and Aldar ( 40%). Aldar s Q1 results reported in late April showed why this real estate is attracting investor attention with a 33% rise in net profit and a 42% jump in devel...

The Luxe Developers the UAE-based real estate development firm has announced its flagship twin-tower development Oceano situated on Al Marjan Island has now sold out underscoring the project s global appeal and highlighting the demand for ultra-luxury real estate in Ras Al Khaimah. The announcement follows the historic AED180 million sale of The Celest and The Stellar two ultra-luxury Sky Villa residences within the development. These residences are the most expensive to be sold in Ras Al Khaimah and are redefining the property landscape in the emirate. Collectively these exclusive Sky Villa residences span over 43 000 sqft differentiating them from anything else on the market in terms of space and design. Shubam Aggarwal Chairman and Co-owner of The Luxe Developers said: Oceano s sold-out status highlights the global appetite for high-design privacy-first living while underscor...

MAG a leading real estate developer in the UAE has signed an historic 3 billion tokenization agreement with MultiBank Group the world s largest financial derivatives institution based in Dubai and Mavryk a leading blockchain innovator. This marks the largest real-world asset (RWA) tokenization initiative globally to date MAG said. The initiative highlights the imminent launch of MBG the utility token at the core of MultiBank s next-generation digital finance ecosystem. The partnership will bring MAG s high-value real estate developments The Ritz-Carlton Residences Dubai Creekside which is part of the Keturah Resort and Keturah Reserve onto the blockchain making them available to global investors via MultiBank.io s fully regulated RWA marketplace. Once launched holders of the RWA assets will be able to earn yield dis...

The UAE real estate market has demonstrated resilience amid global economic uncertainties in Q1 2025 said CBRE Middle East the global leader in commercial real estate services and investments in a report. CBRE s UAE Real Estate Market Review for the first quarter of 2025 reflects the impact of ongoing trade tensions and declining oil prices on the UAE s economy with the International Monetary Fund (IMF) revising its global growth forecast from 3.3% to 2.8%. Nevertheless the UAE s diversified economy and strong international trade relationships are expected to cushion the effects of these external challenges. Notably UAE s foreign trade surged to AED 3.0 trillion in 2025 marking a 15% year-on-year increase driven by proactive efforts to diversify trade partners and enhance trade flows it said. In a significant move Dubai s Executive Council has issued Resolution No. ...

Eqarcom a UAE-based digital proptech platform and a unit of Al Ghurair one of the largest diversified family business groups in the region said it has signed a strategic agreement with the Dubai Land Department (DLD). As per the deal the duo will work to boost transparency and regulatory compliance by enabling data integration automating leasing processes as well as enhance the tenant-landlord experience via digital platforms. The deal inked at the recently held IPS Conference 2025 in Dubai marks a major step forward in the ongoing digitisation of Dubai s real estate sector said the company in a statement. Thanks to the partnership Eqarcom will integrate with DLD systems including Ejari and gain access to market data helping landlords streamline leasing processes and offer compliant data-driven tenant experiences it stated. ...

Dubai s Roads and Transport Authority (RTA) said it has in collaboration with Etihad Rail the developer and operator of the UAE s national railway network officially opened a 1.8 km signal-controlled flyover with a three-lane capacity. This new infrastructure is designed to improve traffic flow on Al Yalayis Street facilitating movement to and from Dubai Investment Park. The flyover also includes a right-turn slip road for vehicles coming from Dubai providing access to the park as well as a right-turn slip road for those exiting towards Sheikh Zayed Road. This development aims to optimise traffic movement and enhance road safety for all users said a statement from RTA. The construction of the flyover is part of RTA s commitment to ensuring the smooth movement of trains on the UAE s national railway network allowing them to travel within the...

The Future Hospitality Summit Saudi Arabia taking place in Riyadh from May 11 to 13 will host the region s first NextGen Investment Forum to address the challenges and opportunities surrounding education training and talent retention in KSA s growing hospitality sectors. Investing in the next generation of leaders in hospitality is fundamental to delivering KSA s Vision 2030 goals according to industry experts who will come together at FHS to explore and discuss issues such as bridging skill gaps creating new pathways to career growth empowering Saudi nationals and encouraging more women to take up a career in hospitality. The event takes place on the first day of FHS Saudi Arabia May 11 from 3:00pm with more than 30 speakers set to take part. The NextGen Investment Forum aims to help develop a knowledgeable capable workforce through partnerships with government entities giga projects universities international...

Amwaj International a billion-dollar multi-national conglomerate with over 10 000 employees and a global footprint across 27 cities has acquired 18% stake in Dubai-based development firm Cledor founded by industry veteran Omar Gull. The investment marks Amwaj s entry into the rapidly growing real estate market in the UAE with Cledor s post-money valuation hitting 100 million. This investment is a key part of Amwaj s strategy to expand into one of the world s most vibrant real estate markets said the company in a statement. For over 30 years Founder and Chairman of Amwaj Group Namir El Akabi has successfully directed developments and investments worth more than 60 billion across nearly every sector of the real estate industry. Under the partnership Cledor will manage and spearhead Amwaj s upcomi...

Global luxury real estate brand Christie s International Real Estate has announced the opening of its new headquarters in the Kingdom of Saudi Arabia in partnership with one of the country s leading real estate technology firms Wasalt. A subsidiary of Quara Holding Group a Saudi investment firm with interests in real estate development finance advisory services and technology Wasalt provides AI-driven property search client-agent matchmaking auctions and other real estate services on a single platform. The brokerage Christie s International Real Estate Saudi Arabia will aim to serve the country s burgeoning luxury property market. The company recently filed for an IPO on the Saudi Parallel Market said Christie s International Real Estate in a statement. Christie s Internati...

ORA Developers a major real estate group has established its UAE headquarters at One Central. This strategic move reinforces its regional expansion while directly supporting the UAE s vision for sustainable future-ready urban environments. Founded by Engineer Naguib Sawiris ORA Developers boasts a global portfolio spanning residential hospitality commercial and entertainment. With an extensive land bank of over 76 million sqm it has a global portfolio spanning 17 projects across seven countries with an estimated total sales value of over 45 billion said the group in a statement. Since entering the UAE in 2023 ORA Developers has rapidly scaled its presence acquiring prime land obtaining regulatory approvals and laying the groundwork for transformative developments it stated. The company built its UAE team from the gro...

Forbes Middle East has revealed its 2025 ranking of the region s 100 Most Impactful Real Estate Leaders spotlighting the developers and decision-makers transforming the region s skylines. The list was compiled based on each leader s years of experience the value of completed and ongoing projects company financials including total assets and revenues where available and the size of landbanks and number of units held. The UAE dominates this year s ranking with 42 leaders of companies headquartered in the country followed by Saudi Arabia with 21 entries and Egypt with 16. Claiming the top spot is Hussain Sajwani Founder and Chairman of Damac Properties. In February 2025 Damac had announced the pricing and settlement of its 750 million senior unsecured three-and-a-half-year Reg S Sukuk its largest to date. /div...

Saudi Arabia s retail real estate sector is undergoing a transformation driven by the country s Vision 2030 initiative economic diversification efforts and an evolving consumer landscape. The outlook for 2025-2026 remains optimistic with strong demand anticipated due to factors such as population growth increasing tourism and changing consumer preferences according to top ratings agency S&P Global. The growth path for retail real estate in Saudi Arabia is looking good for 2025-26. However the sector is also facing challenges including oversupply risks and evolving retail formats that could weigh on rental rates and real estate landlords profitability amid high capital spending said the ratings agency. Additionally lower oil prices and market volatility amid escalating global trade tensions and a fragmented...

The Board of Directors of Oman Investment Bank has appointed Mohamed Sultan Salim Al Habsi as Acting Chief Executive Officer of the bank. This appointment represents a key step in the bank s leadership transition and underscores its ongoing commitment to sustainable growth and long-term success. Abdulsalam Al Murshidi Chairman of the Board said: This planned transition marks a significant milestone in our growth journey. We have full confidence in our leadership team and under Mohamed Al Habsi s guidance as Acting Chief Executive Officer we look forward to entering a new chapter of innovation progress and sustainable value creation for all stakeholders. Mohamed Al Habsi is committed to delivering forward-thinking financial solutions that meet evolving client needs while making a positive impact on the communities Oman Investment Bank serves. H...

Women investors are playing a major role in Dubai s real estate sector with contributions worth AED118 billion ( 32 billion) in 2024 through over 50 979 property transactions according to a government official. Women now represent 34% of total real estate investors in Dubai reflecting a growing trend toward long-term stable investment said Majida Ali Rashid CEO of the Real Estate Development Sector at Dubai Land Department (DLD) while speaking to Wam . She noted that women possess strategic vision and leadership capabilities positioning them as key players in shaping the future of the real estate market and contributing to Dubai s economic and social goals under the D33 economic agenda and the Dubai Real Estate Strategy 2033. Rashid said upcoming phases will focus on expanding policies that support women in real estate through investment incentives advis...

The UAE continues to strengthen its position as a leading destination for tourism investment supported by an attractive investment environment advanced infrastructure and policies that foster sectoral growth reported WAM. The UAE s tourism sector is witnessing a surge in investment opportunities across all areas from infrastructure development to hotels resorts entertainment projects and sustainable tourism initiatives aligned with the country s green economy goals. Government entities continue to play a pivotal role by launching strategic initiatives to enhance tourist destinations support innovation and collaborate with the private sector to uphold the highest standards of quality and excellence. Through its National Tourism Strategy 2031 the UAE aims to rank among the world s top tourist destinations. The strategy seeks to increase the tourism...

Sulton Rahimzoda Chairman of the State Committee on Investments and State Property Management of the Republic of Tajikistan affirmed that his country offers promising investment opportunities particularly in renewable energy and green industries in line with global efforts toward sustainable development and carbon reduction. Speaking to the Emirates News Agency (WAM) on the sidelines of the AIM Summit 2025 in Abu Dhabi Rahimzoda noted that Tajikistan holds significant untapped hydropower potential ranked 8th globally but only 5 per cent of this capacity is currently utilised. He added that solar energy is another investment priority with Tajikistan enjoying more than 300 sunny days annually making it ideal for clean energy projects amid technological advances and lower production costs. Rahimzoda emphasised his country s commitment to leveraging its nat...

Germany is eyeing expanded investments in Africa s energy sector having pledged 4 billion ( 4 billion) for green energy projects by 2030 and advancing hydrogen and gas partnerships through the European Union s (EU) Global Gateway initiative. These investments aim to enhance conditions for private sector involvement and infrastructure development underscoring Germany s commitment to sustainable development and economic growth across the continent. In South Africa Germany committed R5.2 billion last December to support the country s energy transition and deepen bilateral cooperation. This funding is directed towards facilitating South Africa s shift from coal to renewable energy sources addressing both environmental concerns and energy security. Earlier this month the EU also announced a 4.7 billion investment in South Africa to support green ...

The Ministerial Roundtable on Investment in Tourism: Shaping Tourism Investment Opportunities through Policy Innovation assembled at AIM Congress 2025 gathering ministers and global stakeholders to redefine the future of tourism investment through strategic policy transformation reported WAM. The session brought together 13 speakers including officials and ministers from the UAE Bahrain Georgia Montenegro Egypt and Iran as well as senior executives from UNCTAD UN Tourism World Economic Forum ESCAP and the World Free Zones Organisation. The roundtable emphasised tourism s critical role in economic resilience job creation and sustainable development. Opening remarks celebrated the region s leadership in shaping future-ready policies to attract quality investments that balance economic growth with environmental preservation. Abdulla Ahmed Alsal...

UN Tourism and the United Nations Conference on Trade and Development (UNCTAD) have set out a shared roadmap for building a resilient inclusive and environmentally responsible tourism sector through sustainable investments. The joint Guiding Principles for Sustainable Investment in Tourism are designed to guide policymakers and stakeholders in efforts to build a more comprehensive investment framework aimed at steering global tourism investments towards a more sustainable and inclusive future. The 18 Guiding Principles create a pioneering framework for policies that aim to attract sustainable investment in tourism. They offer a roadmap to achieve a set of multifaceted objectives and are grounded in a comprehensive policy approach that integrates governance economic sociocultural and environmental dimensions. The four constituent dimensions of the principles are connected and interacting and many ...

Leading accounting and consulting firm EY has announced that its key unit EY-Parthenon is set to make a 250 million investment in its artificial intelligence (AI)-powered Edge platforms working with ecosystem partners Microsoft and vendors including OpenAI. The AI-powered Edge platforms including Competitive Edge Diligence Edge and Capital Edge give private equity and corporate clients access to the most advanced tech and relevant datasets to support their transformative strategies and transactions helping them create new value and gain competitive advantages. EY-Parthenon is a joint venture between EY and Parthenon Group a global strategy consultancy with offices in Boston London Mumbai San Francisco Shanghai and Singapore. It now boasts a 25 000-strong workforce with presence in 150 countries. The newly formed EY-Parthenon brand aims to appeal to a...

Jebel Ali Free Zone (Jafza) is strengthening its position with a strategic investment of AED90 million ( 25 million) in Phase Two of its cutting-edge Logistics Park. Adding 360 000 square feet of Grade-A facilities the expansion aligns with the UAE s push to grow its logistics sector to AED200 billion annually in the next seven years and cements Dubai s role in international trade. The second phase delivers world-class infrastructure including modern offices customisable units temperature-controlled warehouses loading docks and enhanced power capacity to support diverse industries. Abdulla Al Hashmi Chief Operating Officer of Parks & Zones at DP World GCC said: The expansion of Jafza Logistics Park reflects our commitment to helping businesses compete globally and simultaneously drive foreign investment into Dubai. ...

The real estate market in Ras Al Khaimah has witnessed unprecedented growth with transaction volumes skyrocketing by nearly 25 000% over the past seven years according to the latest data from the Ras Al Khaimah Statistics Centre. The total value of real estate transactions in June 2024 reached an astonishing AED2.53 billion ( 688 million) - an exponential leap from just AED10 million ( 2.72 million) in June 2017. Similarly mortgage values have soared recording AED3.47 billion in July 2024 compared to AED15.8 million in July 2017 - an unprecedented increase of approximately 21 849%. This surge underscores the growing investor confidence and the emirate s rising prominence as a real estate powerhouse said Andrei Charapenak the CEO of Major Developers a leading developer in Ras Al Khaimah. Ras Al Khaimah is no longer an emergi...

EHC Investment through its energy arm Emirates International Gas (EIG) has announced the full acquisition of Al Fanar Gas Group Abu Dhabi s largest gas distributor and maintenance provider and one of the most prominent gas service companies across the UAE. This strategic acquisition reinforces EHC s long-term vision for growth agility and technological advancement while strengthening its role in shaping the UAE s evolving energy landscape. It also aligns with EHC s strategic priorities and supports the broader objectives of the UAE Energy Strategy particularly in advancing infrastructure modernization and enhancing operational efficiency in the gas sector. Recognizing Al Fanar Gas Group s strong market position and growth potential the acquisition enables EIG to combine decades of technical expertise nationwide operational infrastructure and deep market knowledge. This will ...

Marriott International has signed an agreement with Mullen Real Estate Capital to bring the JW Marriott brand to the shores of Costa Elena an exclusive resort-residential community located in Guanacaste Costa Rica. The hotel is expected to be one of the first JW Marriott all-inclusive resorts to open globally highlighting the company s commitment to redefining luxury all-inclusive experiences by integrating the brand s signature focus on mindfulness exceptional service and sophisticated design. We are thrilled to expand our presence in Costa Rica with the introduction of one of the first JW Marriott All-Inclusive Resorts said Uriel Burak Marriott International Vice President Development Caribbean and Latin America (CALA). This project marks the beginning of a strategic collaboration with Mullen Real Estate Capital a pioneer in the all-inclusive sector within the CALA region...

UN Tourism has presented its Tourism Doing Business guidelines focused on the opportunities for international investors in Namibia s burgeoning tourism sector. Tourism Doing Business Investing in Namibia aims to attract potential investors and provides essential insights into the vibrant opportunities within Namibia s tourism sector. The guidelines showcase Namibia s unique cultural heritage robust economy and supportive business environment highlighting areas of potential significant growth in the years ahead. Namibia: A thriving tourism ecosystem Namibia known for its breathtaking landscapes and rich cultural heritage is poised for significant growth in tourism investment. With its unique positioning as a gateway to Southern Africa the country offers a diverse array of attractions from the iconic dunes of Sossusvlei to the remarkable wildlife of Etosha National Park. According to UN...

Aramco President & CEO Amin Nasser said the company continued to identify additional investment opportunities in China which he said occupies a key position in Aramco s global strategy. Nasser underlined Aramco s ongoing activities in China in a speech at the China Development Forum in Beijing. On Aramco s investment activity in China Nasser said: In China Aramco is actively supporting energy and chemical feedstock security by investing in multiple downstream projects. In fact China is among our key investment destinations. Our investments are currently in Fujian Liaoning Zhejiang and Tianjin. I emphasize currently because we are continuing to identify additional opportunities which include energy and chemicals as well as technology. On China s role in the global economy . Nasser said: China is already the world s largest consumer and produ...

The Investment Promotion and Protection Agreement inked between the Government of the Kingdom of Bahrain and the Government of the Hong Kong Special Administrative Region will come into effect today (March 21). The agreement reflects the strong and growing ties between Bahrain and Hong Kong particularly in the financial economic and investment sectors. It aims to create new and sustainable opportunities for cooperation and joint initiatives while reinforcing both sides commitment to expanding investment prospects that support economic growth and prosperity reported BNA. Nawaf Hashem Al Sadeh Assistant Undersecretary for International Cooperation at the Ministry of Finance and National Economy emphasised Bahrain s commitment to fostering international partnerships to attract foreign direct investment encourage joint ventures and create high-value ...

Saudi Arabia s residential market is expected to experience significant growth over the next few years driven by a strong economic foundation rapidly growing population positive demographics and increasing demand for new homes particularly in Riyadh Jeddah and Dammam according to CBRE Middle East the global leader in commercial real estate. This demand is driving prices and rental rates higher a trend that is expected to continue with the value of new residential mortgages in the Kingdom rising 17% year-on-year in 2024 satted CBRE in its latest edition of the Saudi Arabia Real Estate Market Review for Q4 2024. The strong market growth is reflected in rising property values in Riyadh with average prices increasing by over 6% in the past year it added. As new high-quality units enter the market prices are anticipated to continue to rise in 2025. /div...

Dubai real estate prices fell by 0.57% in January 2025 the first decline since summer 2022 signalling a market shift towards stabilisation according to leading real estate intelligence authority Property Monitor. While the first month of 2025 was the strongest January on record for transactions with 14 413 sales average prices dropped to AED1 484 per sq ft. Sales volumes were down 4.6% compared to December 2024 stated Property Monitor in its monthly market report. Off plan launches continued to soar in January with 53 launches from 37 developers bringing another 12 400 units to the market. Mortgage transactions also rose 6.8% month on month with 4 134 loans secured. Loan to value (LTV) ratios also held steady despite stricter enforcement of UAE Central Bank regulations it stated. &nbsp...

The Bahrain Economic Development Board (Bahrain EDB) has secured over 380 million in investment commitments from Singapore-based companies across a number of priority sectors namely financial services ICT manufacturing and tourism. According to EDB 2024 was a record year for the island nation s investment promotion agency which successfully attracted a total of over 1.8 million in direct investment from global markets. In terms of capital the highest contributor of foreign investment originated from Singapore valued at 234 million (13%). This underscores a robust value proposition for international investors where Bahrain has cemented itself as a leading destination of choice for businesses seeking to tap into the Middle East and North Africa (Mena) region which is on the expansion roadmap for international companies. ...

The Abu Dhabi Securities Exchange (ADX) the second largest exchange in the Middle East has launched the new ADX Group market infrastructure and two new subsidiaries Abu Dhabi Clear (AD Clear) and Abu Dhabi Central Securities Depository (AD CSD). This development aligns with Abu Dhabi s long-term economic vision and augments ADX s efforts towards being a developed market a statement said. ADX announced its new market infrastructure at a celebrative event with more than 500 regional and global industry participants in Abu Dhabi on Monday. Ghannam Al Mazrouei Chairman of the ADX Group said: With the launch of ADX Group we are not just building a financial marketplace; we are shaping the future of investment in Abu Dhabi and contributing to long-term economic development of the UAE and in the region. Mo...

Bank of Singapore has unveiled its highly anticipated 2025 Supertrends Report a refreshed outlook building upon the insights of the 2024 edition. This latest report identifies the key investment themes shaping financial markets and global economies in the years ahead. The report was launched at the CIO Summit held in Dubai where the bank s leadership and expert panelists explored key investment themes their implications on global investment and strategies for success. The 2025 Supertrends Report draws on perspectives from the recently established Global Advisory Council which was convened in 2024 under the guiding principles that thought leadership is a global effort there is no monopoly on good ideas and diversity of perspectives is critical. By integrating the expertise of esteemed council members this report offers forward-looking insights to help investors navigate an increasingly complex and dynamic world. As the world undergoes...

Oman s Nama Power and Water Procurement Company (PWP) has announced that four utility majors - Abu Dhabi s Masdar; Saudi-based Acwa Power French group EDF Renewables and Singaporean energy major Sembcorp Utilities - are in the race for the development of the 500MW Ibri III Solar IPP. Nama Power said in response to its request for qualification last year it had received 12 bids from both local and international developers. Of these nine had been either conditionally or unconditionally qualified by the Omani group after a rigorous evaluation process. These developers were from Sultanate of Oman UAE Kingdom of Saudi Arabia China South Korea Singapore France and Japan. According to Nama Power Masdar Acwa Power and EDF Renewables have all submitted bids along with their consortium partners while Sembcorp Utilities is bidding on its own. ...

More than 65% of organisations in the Middle East plan to increase investment in AI in the coming year despite talent and technology challenges they face according to a new report. A report by Deloitte the leading global professional services firm in collaboration with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) reveals the immense opportunities presented by artificial intelligence (AI) in the Middle East. The 2025 State of AI in the Middle East Report also shines a spotlight on the challenges organizations face when investing in AI technology and ensuring they fully understand and utilize its potential. The Perfect Storm: A perspective on unlocking AI s value in Middle East draws on insights from more than 150 business and technology leaders across the United Arab Emirates (UAE) the Kingdom of Saudi Arabia (KSA) and Qatar supplemented by in...

Dubai s real estate market has made a strong start to 2025 with property sales in January surging to hit AED44.4 billion ( 12 billion) up 24.1% in value over last year according to UAE-based fäm Properties. Land sales for January showed the biggest increase with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. A market update from fäm Properties reveals that last month s total of 14 236 transactions also represented a 23.2% increase in volume over January 2024. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3 117 compared with January last year and apartment sales worth AED18.2 billion were up 7.1% in volume to 9 945 stated the report. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over Jan...

India will focus on boosting the spending power of its middle class population encouraging inclusive development and private investment to strengthen growth Finance Minister Nirmala Sitharaman said on Saturday announcing the annual budget. Measures to assist the poor the youth farmers and women were also a part of the budget for 2025-26 said Sitharaman highlighting plans for transformative reforms in taxation . The government said people earning up to 1.28 million Indian rupees ( 14 800) per year will not have to pay any taxes raising its threshold from 700 000 rupees. It also lowered tax rates for people earning above the new threshold reported Reuters . The new structure will reduce taxes on middle class and leave more money in their hands boosting household consumption savings and investment Sitharaman said in parliament. &...

UAE-based Major Developers has launched the Phase II of its flagship project Manta Bay located on the iconic Al Marjan Island in Ras Al Khaimah following the success of its first phase. Announcing the new launch the developer said this has been in response to heightened demand with strong investor interest and expressions of interest (EOIs) already translating into multiple initial bookings. Units are selling fast reflecting the unparalleled appeal of this unique luxury development it stated. Designed to cater to the preferences of a global investor base spanning over 25 nationalities Phase Two offers innovative luxury living solutions. The buyers can also choose fully furnished units to enhance investment potential. Additionally these units feature private jacuzzis and BBQ-equipped terraces creating an exceptional lifestyle exp...

Investindustrial a leading European investment group has announced plans to open 40 new outlets of its culinary market Eataly across the Middle East region - including airport concessions - at a total inveestment of 100 million ( 104.3 million). Investindustrial which boasts over 16 billion ( 16.6 billion) in raised fund capital has signed a programmatic MoU with Azadea Group a renowned retail company that owns and manages more than 40 international franchises across the Middle East and Africa outlining the principles of a transaction to assume direct control of the Eataly s business in the Middle East currently managed by Azadea under a franchising agreement. Eataly currently operates stores in major cities across the region made possible through its partnership with Azadea which will remain a significant shareholder and will continue managing Eataly s operations in th...

Saudi Arabia s National Housing Company (NHC) has signed a series of agreements deals and memoranda of understanding (MoUs) with government entities and private sector companies worth SAR30 billion ( 8 billion) on the opening of the Real Estate Future Forum 2025 in Riyadh. These agreements were inked in the presence of Minister of Municipalities and Housing Majed Al Hogail and Minister of Industry and Mineral Resources Bandar Alkhorayef. These included a MoU with King Abdulaziz City for Science and Technology (KACST) in collaboration with Al Saif Company to advance construction development through off-site construction technologies said NHC in a statement. Another MoU was with the Ministry of Industry and Mineral Resources to enhance collaboration in supply chains and the Industrial Links Program aiming to increase local content and improve efficiency in the real esta...

In a major move the Saudi Capital Market Authority (CMA) has granted foreign investors permission to invest in Saudi-listed companies that own real estate within the cities of Makkah and Madinah. This initiative is aimed at fostering investment as well as enhancing the appeal and efficiency of the capital market and bolster its competitiveness both regionally and globally while also supporting the local economy said CMA in a statement. The CMA seeks to attract foreign capital and provide the necessary liquidity for ongoing and future projects in Makkah and Madinah leveraging the Saudi market s vast investment opportunities. These efforts aim to position the Saudi market as a pivotal funding source for significant developmental initiatives in these cities it stated. According to a statement by the CMA the approval perta...

Kamco Invest one of the largest asset managers in the Middle East and North Africa (MENA) region is partnering with a team led by logistics real estate veteran Ian Worboys to form a new investment and development company European Green Logistics Space (EGLS). Worboys who boasts more than 40 years experience working in the European industrial and logistics market including leadership roles at Gazeley Panattoni P3 Logistic Parks and latterly Trammell Crow Company has co-founded EGLS with Amos Chia former head of acquisitions at pan-European urban logistics platform Crossbay and Glen Lonie former head of asset management for Central & Eastern Europe at Cushman & Wakefield. Worboys is EGLS s Chief Executive Officer Chia is the Chief Investment Officer and Lonie is the Chief Financial Officer. Kamco Invest has acquired a significant ...

Modon Holding an Abu Dhabi-based holding company has announced that it has set up a new joint venture with Broadgate REIT an entity owned by the UK-based FTSE 100 listed property developer British Land and GIC a leading global investor to deliver 2 Finsbury Avenue a 750 000 sq ft prime development at Broadgate located in the heart of London. As per the deal Modon will own a 50% stake while British Land and GIC will each retain 25% ownership in the asset going forward through their ownership of Broadgate REIT. The JV marks Modon s first entry into London s prime real estate market. British Land will remain the development and asset manager for the project as the parties combine their development capabilities to deliver the landmark building. The 2 Finsbury Avenue development is a vibrant office-led campus in the heart of the city. Uniquely for London it ...

HRH Prince Mohammed bin Salman Crown Prince and Prime Minister of Saudi Arabia has affirmed the kingdom s intention to broaden its investments and trade with the US over the next four years totalling 600 billion and potentially beyond that. The comments came during a phone call with President Donald J Trump of the US according to a Saudi Press Agecny report.. During the call HRH the Crown Prince conveyed the congratulations of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to the President on the occasion of his inauguration as President of the US and wished the friendly American people more progress and prosperity under the President s leadership. The two leaders discussed ways for cooperation between Saudi Arabia and the US to promote peace security and stability in the Middle East in addition to enhancin...

The General Authority of Civil Aviation (GACA) of Saudi Arabia will host an investment showcase including two high level panel discussions at Saudi House on the sidelines of the World Economic Forum Annual Meeting in Davos next week. The investment showcase will highlight projects and incentives to unlock more than 100 billion of investment into the Kingdom s booming aviation sector across airports airlines ground services cargo and logistics. As part of the more than 100 billion of investment opportunities airports account for more than 50 billion new aircraft orders around 40 billion while the remaining 10 billion is comprised of other projects including 5 billion in special logistics areas around the three main airports in Riyadh Jeddah and Dammam. Panellists at Saudi House during the focus on aviation include the Saudi Arabian Assistant Minister of Investment...

ASAS Real Estate a subsidiary of Sharjah Islamic Bank has launched sales of phase two of the Sajaa Industrial Lands project located in Sharjah s Sajaa Industrial Area. The project offers freehold ownership for UAE nationals GCC citizens and Arab residents in the UAE with flexible payment plans extending up to 24 months said a report by Wam news agency. Ahmed Al Ameri General Manager of ASAS Real Estate stated that phase two builds on the success and demand seen during phase one in late 2024. He highlighted the company s commitment to providing competitive investment opportunities for individuals and businesses offering lucrative returns aligned with the growth of the UAE s real estate sector. The initiative aims to foster economic diversification and support Sharjah s industrial development by empowering private-sector participation and enabling in...

Alta Real Estate Development has unveiled Mr C Residences Downtown marking the second Mr C property in Dubai. The project is part of Alta s continued partnership with Ignazio and Maggio Cipriani representing a modern interpretation of the family s nearly century-long legacy in hospitality. Inspired by the dynamic energy of Dubai and its stunning skyline Mr C Residences Downtown celebrates Dubai s modern spirit while infusing it with the warm personalised service for which Mr C is renowned. Mr C created by brothers Ignazio and Maggio members of the fourth generation of the Cipriani family is known globally for its portfolio of hotels restaurants and residences. Since its first Mr C Hotel opened in Beverly Hills California in June 2011 Mr C has been setting a new era in timeless yet contemporary hospitality with Mr C Miami Coconut Grove ...

Kuwait Real Estate Company (Aqarat) a leading real estate firm listed on the Kuwait Stock Exchange in collaboration with IFA Hotels and Resorts has launched the Al Tay Hills project in the UAE emirate of Sharjah. The project with a total cost of AED3.5 billion ( 952.9 million) spans over 6 million sq ft and includes 1 100 villas and townhouses with diverse designs and sizes to meet various client needs. The units range from three to six bedrooms each featuring private pools and modern designs that combine luxury and comfort and will be developed in three phases. The first phase of the project is scheduled for delivery in the first quarter of 2028 reflecting the company s commitment to delivering high-quality projects that enhance its position in the real estate market Aqarat said. Strategic location /strong...

The UAE s ever-evolving real estate market stands at the brink of a major evolution as various trends and practices continue to reshape the market landscape. The market is projected to experience a transformative shift especially with the emergence of cutting-edge technologies such as artificial intelligence (AI) 3D printing and smart home innovations a steady annual growth rate of 2.25 per cent is expected between 2024 and 2029 resulting in a market volume of 0.76 trillion by the latter year further solidifying UAE s position as a global leader writes Ajay Bhatia Founder and CEO of SOL Properties. As the market becomes more influenced by technological developments it is expected to redefine conventional property development management and transactions paving the way for an efficient sustainable customer-centric and investor-friendly ecosystem. These changes further position the UA...

Global technology powerhouse Lenovo Group and Alat a Saudi PIF company have announced the completion of the 2 billion investment (via three-year zero-coupon convertible bonds) alongside reaching the strategic collaboration agreements that were initially announced in May 2024. The deal has received shareholders approval and all regulatory approvals required for completion. The strategic collaboration and investment will enable Lenovo to further accelerate its ongoing transformation enhance its global presence and increase geographic diversification of its manufacturing footprint. Additionally Lenovo will build on its current MEA business and capture the significant growth opportunities in the MEA region bring its world class supply chain technology and manufacturing capabilities to Saudi Arabia and support the creation of 1 000s of new jobs.&...

Saudi Arabia s View United Real Estate Development Company has signed a SAR164-million ( 43.69 million) contract to develop a residential tower in Al-Nakheel district King Fahd Road in Riyadh. The SAR164-million contract was signed with Shams Holding Company. The contract duration is 30 months from the date of commencement of construction works said a company filing on the Saudi Stock Exchange. The project is expected to have a positive impact on revenues of the company immediately after the start of implementation operations after obtaining the necessary approvals and licences it said. Related parties to the contract are Wavz Real Estate Development Company and Anyar Real Estate Development Company. - TradeArabia News Service ...

Wasalt an advanced digital real estate platform specialising in real estate services has recorded a significant growth in usage boasting more than 750 000 registered users and 100 000 monthly leads. With an anticipated five-fold increase in revenue from 2025 to 2028 Wasalt has emerged as a transformative leader in Saudi Arabia s PropTech landscape within a short period of four years redefining the real estate ecosystem with cutting-edge technology AI-driven solutions and the recent launch of its innovative digital auction platform licensed by Infath the Kingdom s entrustment and liquidation centre the company said. Furthermore through its new auction platform it has transformed the traditional auction process providing a seamless and secure experience for buying and selling properties. Wasalt also offers transparency with AI-driven verific...

Accor a leading hospitality group and Naif Alrajhi Investment have signed an agreement to launch the first TRIBE and TRIBE Living locations in Saudi Arabia part of the King Salman Park project. This initiative aligns with TRIBE s global expansion and Saudi Vision 2030 s goal of creating vibrant urban spaces. The partnership builds on their previous success with the Fairmont Ramla Serviced Residences. TRIBE aims to redefine hospitality with a modern stylish and accessible approach catering to a new generation of travellers. The project covering 290 000 square meters within King Salman Park will be a mixed-use development featuring residential units commercial offices retail spaces restaurants a school a hotel and community facilities. Its strategic location near key attractions and transport link...

Dubai s real estate market closed 2024 with exceptional results further establishing the city as a destination for strategic investments in the property sector. According to Springfield Properties Q4 2024 Dubai Real Estate Market Report total sales transaction values reached AED116.5 billion ( 31.72 billion) reflecting a 31.1% year-on-year increase with transaction volumes surging 51.8% to 46 844 closed deals. At the heart of this growth lies the off-plan market which contributed over half of the total transaction value as well as Dubai s thriving luxury property segment which continues to attract high-net-worth individuals and institutional investors worldwide. Established communities like Palm Jumeirah Downtown Dubai and Dubai Marina remain dominant offering a blend of exclusivity lifestyle appeal and long-term value the report said. Farooq S...

Dubai Investment Real Estate Company (DIR) a subsidiary of Dubai Investments has announced that it has achieved a key milestone by clocking 5 million safe working man-hours without a lost time injury (LTI) at the Danah Bay project in Ras Al Khaimah. This achievement underscores DIR s steadfast commitment to prioritizing safety fostering a culture of care and ensuring the well-being of its workforce throughout the construction of this prestigious waterfront community said a statement from DIR. Spanning an expansive 90 000 sq m and valued at over AED1 billion ( 272.2 million) the development is designed to redefine waterfront living through its seamless blend of luxury functionality and world-class amenities. Set for handover in Q1 2025 Phase 1 of Danah Bay will feature an exclusive mix of two-bedroom townhouses three-bedroom villas and four-bedroom waterfront ...

Edgnex Data Centers by Damac a major digital infrastructure company and a fully owned unit of Dubai-based real estate developer Damac has announced its strategic entry into the US data centre market marking a transformative phase in its international expansion. Since its inception in 2021 the group has rapidly expanded across the Middle East Southeast Asia and Europe setting the stage for a strategic entry into the US market. It brings and sets new benchmarks in secure scalable and sustainable digital infrastructure. Edgnex with a management team of 100 professionals based in the Middle East Europe and Asia is actively expanding its team to support these growth plans. The Damac unit is set to initially pump 20 billion into the market with a plan to potentially double the investment based on future de...

Bahrain s proactive transition from oil dependency to high-value industries guided by its Vision 2030 strategic framework has positioned it as a dynamic location for investment and business in the Gulf says a new report. The country s initiatives in digital transformation infrastructure development and sustainability are further enhancing its competitiveness on the global stage says The Report: Bahrain 2024 the latest publication by global research and advisory firm Oxford Business Group (OBG). Bahrain s commitment to economic diversification sustainability and innovation is the focus of the report. It examines the kingdom s progress in achieving long-term socio-economic transformation spotlighting key sectors such as financial services manufacturing tourism ICT and renewable energy. A dedicated chapter on...

The UAE s real estate sector maintained its growth momentum throughout 2024 marked by an increase in real estate projects and infrastructure investments reinforcing its position as a key pillar of the country s economic growth reported Wam . The vibrant real estate markets across the emirates underscored the UAE s status as a global hub for property investments and an attractive destination for high-net-worth individuals who play a vital role in stimulating market activity particularly in luxury real estate. The property markets in Abu Dhabi Dubai Sharjah and Ajman witnessed significant activity in transaction volumes over the past year maintaining positive performance levels thanks to diverse investment opportunities and growing demand for various property types. According to official data from the local real estate authorities of the four emirates ...

A record-breaking year for Dubai s real estate market with new milestones being set throughout 2024 culminated in an all-time peak of 180 900 transactions worth AED522 billion ( 142 billion). A market report issued today (January 2) by UAE-based fäm Properties underlines how 2024 became an historic year with big leaps of 36% and 27% respectively on the previous high of 133 100 sales worth AED411.1 billion in 2023. In the primary market first sales from developers climbed by 30% year on year to AED334.1 billion highlighting strong demand for new developments and off-plan properties it stated. The transaction volume surged by 51% to 119 800 in 2024 reflecting a substantial increase in buyer confidence and developer activity. There was also a steady appreciation in the average price per sq ft which was up 10% to AED 1 600. Demand was fuelled by new pr...

The Saudi Real Estate Refinance Company (SRC) a PIF company has signed a MoU with Hassana Investment Company aimed at achieving the goals of the Kingdom of Saudi Arabia s Housing and Financial Sector Development Programmes thus aligning with the objectives of Saudi Vision 2030. The MoU is aimed at deepening and expanding the financial market in the kingdom in addition to enhancing liquidity in the real estate finance sector by introducing an innovative asset class - the first of its kind in the region - through the issuance of residential mortgage-backed securities. These issuances are expected to attract a diverse base of local and global investors in the secondary mortgage market and broaden investment opportunities in the sector. SRC was established by the Saudi Arabia s sovereign wealth fund PIF in 2017 with the aim of developing the kingdom s real e...

Saudi-based First Avenue for Real Estate Development Company has signed a non-binding Letter of Intent with Awj Real Estate Development and Investment Company (Awj) for the establishment of a real estate fund aimed at acquiring and developing commercial office and hospitality projects. The Fund aims to invest in four real estate assets in Saudi port city Jeddah: West La Perle East La Perle La Perle Residential Land and La Perle Hotel Land said First Avenue in its filing to Saudi bourse Tadawul. The company s ownership in the Fund is expected to range between 40% and 50% while Awj s ownership is set to be in 50% to 60% range. The Letter of Intent also includes standard provisions such as exclusivity during the negotiation period and confidentiality it added .-TradeArabia News Service ...

Bahrain-based Kanoo Real Estate a division of the Yusuf Bin Ahmed Kanoo Group has won top recognition at the 2024 Arabian Property Awards in the Best Mixed-Use Development Bahrain category for Sitra Service Station Best Retail Development Bahrain category for 1890 Boulevard and Best Mixed-Use Architecture Bahrain category for Sitra Service Station (5-Star Winner). Sitra Service Station is a mixed-use development spanning over 24 373 sq m and strategically located along the prominent Jaber Al-Ahmad Al-Sabah commercial highway in Sitra. As the largest service station of its kind in the Kingdom it offers exceptional visibility and access serving a wide range of businesses with modern facilities and services tailored to diverse customer needs ensuring convenience for on-the-go said the statement from Yusuf Bin Ahmed Kanoo Group. The project was in collaboration with ...

UAE companies are adopting cloud computing at a high rate and plan significant investment in AI within the next 15 months a YouGov survey commissioned by SAP shows. The survey examined several key factors for effective AI implementation including whether companies are operating their core business functions on the cloud the extent of existing AI use the quality of business data available and the AI expertise of staff. Of the UAE enterprises surveyed 67% are already hosting their core business processes on the cloud with a further 22% planning to do so within the next 15 months. Hosting enterprise resource planning solutions on the cloud maximises the effectiveness of AI thanks to real-time data access scalable computing power and the ability to integrate advanced AI models seamlessly into business processes. Leveraging ...

Bareeq Al Retaj a leading real estate development company based in the Kingdom of Bahrain has partnered with Khaleeji Bank to deliver real estate financing solutions to beneficiaries of the Social Housing programs as well as individuals seeking to invest in Wahati Apartments or Ras Hayan Village. As per the deal Khaleeji one of Bahrain s leading Islamic Banks will provide financing of up to 100% of the property value at competitive profit rates and a flexible grace period as well as a projected profit rate of 4% of their salary value from Khaleeji s sharia-compliant salary account. Customers will also get to qualify for monthly draws on five prizes worth BD1 000 ( 2 634) each in addition to obtaining special discounts when shopping with their credit cards. Speaking at the signing CEO Yousif Mohamed Bucheeri said: We are pleased to be partnerin...

With global electricity demand set to grow strongly new technologies are opening up the massive potential of geothermal energy to provide around-the-clock clean power in almost all countries around the world according to a new report by International Energy Agency (IEA). The report The Future of Geothermal Energy finds that geothermal energy could meet 15% of global electricity demand growth between now and 2050 if project costs continue to decline. This would mean the deployment of as much as 800 gigawatts of geothermal capacity worldwide delivering annual output equivalent to the current electricity demand of the United States and India combined. Today geothermal meets about 1% of global electricity demand. However based on a new first-of-its-kind country-level analysis conducted in collaboration with Project InnerSpace the IE...

Dubai International Chamber (DIC) has signed an MoU with the Tanzania Chamber of Commerce Industry and Agriculture to enhance cooperation and promote the flow of trade and investments. Successfully concluding its trade mission to Tanzania DIC also facilitated 408 business meetings between companies from Dubai and Tanzania to foster new partnerships and capitalise on mutually beneficial trade and investment opportunities. The MoU is aimed at strengthening collaboration between companies from Dubai and Tanzania and encompasses the organisation of trade missions conferences and business events. The two parties will also work together to share expertise exchange information and explore opportunities for mutual cooperation in business policies and investments. Business forum As part of the trade mission the chambe...

Capital investment of 5.4 trillion will be required to sustain and expand mining and processing facilities across the globe during the 2024-2035 period a significant increase of 500 billion over the previous decade (2012-2023) said leading industry experts in a report released ahead of the Future Minerals Forum (FMF) in partnership with leading industry think tanks. The fourth edition of the Future Minerals Forum will be held in Riyadh from January 14 to 16 2025 under the theme Delivering Impact drawing participation from high-level officials representing governments mining companies financial institutions research centers and universities. The FMF experts in the 2024 Report: Shaping the Future of Minerals stated that more than 90% of the mass moved involves coal iron ore copper and gold. And of this total capital over 70% will be needed for these four commodities with rou...

Kuwait Financial Centre (Markaz) has reiterated its commitment to supporting investors with the tools and guidance they need to navigate complex investment landscapes confidently backed by the expertise of a trusted partner. At its annual seminar titled Markaz 2025 Outlook: Investment Trends and Opportunities Markaz provided insights alongside leading financial experts from the US and Europe. They presented the latest trends across various sectors and shaped perspectives on opportunities in both regional and global markets. Celebrating 50 years of industry leadership in 2024 the event reflected Markaz s legacy of delivering innovative financial solutions empowering investors with insights and guiding them throughout their investment journey. Value creation The event included panel...

Audi and Qatar Investment Authority (QIA) have teamed up to accelerate the preparation for the Formula 1 entry of the four rings in 2026. QIA the sovereign wealth fund of the State of Qatar has signed definitive agreements to acquire a significant minority stake in Sauber Holding AG the future factory team of Audi. With this strategic investment QIA will enter the Audi Formula 1 project as a long-term investor and partner. Capital injection QIA s investment will provide a substantial capital injection and pave the way for increasing infrastructure and team buildout positioning the team for long-term success in Formula 1. The investment is consistent with QIA s focus on investments with long-term growth potential. Formula 1 is a fast-growing sport with sign...

Hundreds of private sector representatives from finance fashion agri-food to pharmaceuticals have convened in Riyadh Saudi Arabia to discuss their role in ensuring sustainable land soil and water management. They responded to a call to action launched by the United Nations Convention to Combat Desertification (UNCCD) at the 16th Conference of the Parties. The Business 4 Land Forum brought together high-level decision makers and CEOs from companies that are particularly land-and-water-dependent including firms in the agrifood pharma energy textiles ICT and finance and insurance sectors. Land degradation and drought pose serious risks for businesses and investors meaning it is in their best interest to mitigate them by contributing to global efforts for healthy lands and drought resilience. Business 4 Land ...

Rising global conflict surging energy demand and the transformative power of artificial intelligence (AI) hve been identified as the three investment megatrends that will dominate 2025. deVere Group says investors who align their portfolios with these forces are set to capitalise on significant opportunities amid turbulent times. Conflict Geopolitical tensions are escalating across multiple regions. Europe remains destabilised by ongoing conflicts the Middle East is experiencing renewed unrest and East Asia is navigating increased territorial disputes. Nigel Green CEO of deVere Group comments: Conflict unfortunately continues to be a driving force in global markets. According to the Institute for Economics & Peace the global conflict index is at its hi...

Following the Board s strategic endorsement Abu Dhabi National Oil Company (Adnoc) today (November 27) announced the launch of XRG a groundbreaking international lower-carbon energy and chemicals investment company with an enterprise value of over 80 billion. On the new venture Adnoc said XRG aims to more than double its asset value over the next decade by capitalising on demand for low-carbon energy and chemicals driven by three megatrends: the transformation of energy exponential growth of AI and the rise of emerging economies. Building on Adnoc s expertise and transformational international acquisitions the independently operated investment company will initially focus on developing three core strategic value platforms. XRG s Global Chemicals platform aims to be a top 5 global chemicals player producing and delivering chemical and specialty products es...

GFH Financial Group has announced the launch of Outlive an innovative real estate developer and creator of master planned communities and mixed-use projects with a focus on health and well-being which will operate across the Mena region and Europe. Unveiling the project on the opening day of Cityscape Bahrain a key real estate and property event being held at Exhibition World Bahrain in Sakhir GFH said Outlive leverages the combined expertise and capabilities of the Group and its management team with proven expertise in development design and conceptualization of living communities. The new venture will operate in Europe and the Mena region with a particular focus on the growing and attractive Saudi as well as the UAE markets where there is strong demand for such focus and need for communities that deliver well-being attributes in addition to physical appeal it stated. &...

Vedanta Copper International a wholly-owned subsidiary of Idian business conglomerate Vedanta has signed a Memorandum of Understanding (MoU) with the Ministry of Investment and Ministry of Industries & Mineral Resources of the Kingdom of Saudi Arabia. This collaboration aims to invest 2 billion in significant copper projects within the Kingdom in alignment with Vision 2030. The projects encompass a 400 kilo tonne per annum (KTPA) greenfield copper smelter and refinery along with a 300 kilo tonne per annum (KTPA) copper rod project. These initiatives support Saudi Arabia s ambitious Vision 2030 which endeavors to unlock an estimated 1.3 trillion in mineral resources and elevate the minerals sector s GDP contribution from 17 billion to 64 billion by 2030. Currently the Kingdom s copper demand is around 365 KT...

Saudi Arabia has become a premier world investment destination and is experiencing unprecedented growth in overall investment amounts and diversity said Khalid Al-Falih Minister of Investment of Saudi Arabia. This year s World Investment Conference in Riyadh is a platform for sharing our nation s strategic vision with our partners and an invaluable opportunity to highlight our status as a trusted partner for sustainable economic growth. We are welcoming investment leaders from around the world to forge partnerships that will benefit both the kingdom and global economies Al-Falih added. Global leaders in investment government and international organisations are taking part in the 28th annual World Investment Conference (WIC) which has opened in Riyadh. Under the patronage of Crown Prince and Prime Minister Mohammed bin Salman bin AbdulAziz Al Saud the...

Adrak Developers has announced the soft launch of its premier residential and commercial project - Yenaier - which is set to redefine luxury living in Oman by blending the nation s rich cultural heritage with modern elegance. On completion the free-hold development located within the Sultan Haitham City project will offer residents with more than 700 apartments spanning studio units to three-bedroom homes as well as a range of commercial space. The landmark project expected to be a cornerstone of Oman s urban scenery was announced during the Urban October and Home Building exhibition the largest event in urban planning in the Sultanate of Oman. It coincides with key global events like World Habitat Day World Cities Day and World Architecture Day focusing on urban planning real estate and construction. Speaking...

Students from New York University Abu Dhabi (NYUAD) have won the Adnoc-Bloomberg UAE Energy Investment Academy 2024 the second phase of the annual Adnoc-Bloomberg Trading Challenge held at the Abu Dhabi International Petroleum Exhibition & Conference (Adipec) this unique competition allows students in the UAE to showcase their expertise in data analytics and commodities trading within a real-world energy context. Meera Almarzooqi Mariam Alhosani Afra Alshehhi Sultan Aljallaf Nada Al Mosheky and Reem Almarzooqi from NYUAD were named the winners for their well-crafted strategy and impressive understanding of market dynamics. The winners are eligible for internships with Adnoc Global Trading. A total of 40 students comprising eight teams from five universities across the UAE participated in the challenge with five teams advancing to the final round. BloombergNEF (BNEF) a ...

MAG Group Holding the multinational conglomerate has announced its portfolio of current and under development projects across its different real estate subsidiaries has reached AED 43.7 billion ( 11.9 billion). MAG Group Holding s real estate subsidiaries include MAG Lifestyle Development Keturah Invest Group Overseas (IGO) MBL Shoumous Art of Living Mall and MAG Leasing for warehouses. Moafaq Al Gaddah Founder and Chairman of MAG Group Holding said: The UAE s real estate sector is witnessing unprecedented demand driven by the strategic vision and initiatives of our wise leadership. The government s ongoing efforts to foster a favourable investment climate have made the UAE a preferred investment destination for global investors. We take pride in our extensive portfolio of developments that cater to diverse audiences adding value to the already thriving sector. At MAG G...

Diriyah Company Saudi Arabia s mixed-use developer driving the transformation of historic Diriyah into a premier global destination will present the latest developments of its flagship project - with special focus on Diriyah Square - at the upcoming MAPIC 2024 in Cannes. A world-leading retail summit MAPIC will be held from November 26 to 28 in the French city. Diriyah Company said its participation at MAPIC features a series of high-level engagements underscoring the company s commitment to shaping the future of retail and urban development. The Saudi developer will put spotlight on Diriyah Square - the dynamic centrepiece of the 14-sq km masterplan. Designed to be the vibrant heart of Diriyah it is poised to become a landmark destination for shopping dining culture and lifestyle stated the c...

Jadwa Investment a leading investment management and advisory firm in Middle East has awarded contracts worth SAR9 billion ( 2.4 billion) to address the growing demand for quality residential commercial and mixed-use spaces in the kingdom. These agreements were signed with key developers - Real Estate Development Fund (REDF) Dar Al Majed Company and Zood Real Estate - at Cityscape Global 2024 held last week in Riyadh said the Saudi group in a statement. Through these Riyadh-based projects Jadwa aims to contribute to the capital s rapid development as a global economic and cultural hub it added. Headquartered in Riyadh with three regional offices Jadwa Investment has over SAR90 billion ( 24 billion) in client assets under management and advisement. Its clients include government entities local and international institution...

Merlin Real Estate a prominent real estate advisory firm with deep roots in Dubai is participating in Cityscape Bahrain later this month to put the spotlight a selection of premium projects from renowned developers such as Emaar and Nakheel. The company is promoting projects like Emaar Terra Heights and Palm Jebel Ali highlighting their potential for high returns on investment. Using the Cityscape platform Merlin Real Estate aims to tap into Bahrain s growing real estate market and offer investors access to sought-after properties in the emirates. Speaking to Gulf Construction Rohit Bachani Co-Founder of Merlin Real Estate emphasised the evolving landscape of real estate in the Mena region and highlighted the need for trusted advisory services to navigate the complex market and identify the best investment opportunities. Bachani elaborates: Premium developers such as Emaar and Nakheel are launching multi-billion-doll...

The Adani Group one of India s leading conglomerates is expanding its footprint in the metals industry with a massive 5 billion investment plan over the next five years said media reports. It will be setting up aluminium and steel businesses along with ramping up copper production in India. This significant move into the metals production aims to leverage synergies with Adani s existing infrastructure energy and logistics operations. According to a report in Mint the Group will spend this amount in the next three to five years on mining refining and production of copper iron steel and aluminium. Of the total investment 2 billion will go for copper and the remaining amount for other metals. To pose tough competition for rivals ...

Asteco s Q3 2024 real estate report reveals a dynamic UAE property market characterised by sustained growth in Abu Dhabi continued momentum in Dubai and increasing activity in the Northern Emirates. According to the report the Abu Dhabi market is well-positioned for growth driven by new developers entering the market and a significant pipeline of planned developments. The report also shows that the Dubai government s proactive approach to enhancing the Emirate s physical social technological and legal infrastructure combined with robust underlying fundamentals is expected to contribute to solid market conditions and resilience against external factors. Abu Dhabi residential and office market According to the report approximately 950 residential units were completed a...

Hitachi Energy has launched a new artificial intelligence (AI)-powered energy forecasting solution Nostradamus AI. Developed using Hitachi Energy s deep energy industry expertise Nostradamus AI leverages the company s 30 years of the most extensive energy market data to provide utilities power system operators energy producers and traders with highly precise forecasts for common energy-specific use cases. One of the first AI forecasting solutions purpose-built for the energy industry Nostradamus AI is a modern AI engine that generates forecasts estimated to be over 20 percent more accurate than industry targets. The solution optimizes energy investments trading strategies and revenue opportunities streamlines operational efficiencies and resource planning and ensures transparency for regulatory compliance. Data volumes have exploded as the grid has evolved. According to the IEA the world&rsq...

Global investment in energy efficient technologies surged by 4% in 2024 and is on course to reach a record 660 billion according to a new analysis by the International Energy Agency (IEA). Doubling global rate of improvement will require countries to accelerate policy implementation which would improve energy security reduce energy costs and lower emissions stated IEA in its report titled Energy Efficiency 2024. The IEA s annual report on energy efficiency developments around the world finds that global primary energy intensity a measure of efficiency is set to improve by around 1% in 2024. This is the same rate as in 2023 and around half of the average rate between 2010 and 2019. At the COP28 climate change conference in Dubai last year nearly 200 countries agreed to the goal of doubling the rate of progress which would mean i...

Infracorp a leading specialised company investing in the infrastructure and sustainability development sector will be showcasing its diverse portfolio of real estate and development projects both within Bahrain and beyond at the upcoming Cityscape Bahrain 2024 real estate xpo. Being held under the patronage of HRH Prince Salman bin Hamad Al Khalifa Crown Prince and Prime Minister Cityscape Bahrain 2024 will open its doors on November 26 at the Exhibition World Bahrain and run for the next four days. This participation follows the remarkable success the company achieved at the previous edition said a statement from Infracorp. Additionally the Bahrain-based investment group will be joining the Cityscape Riyadh 2024 exhibition to be held on November 11 at the Riyadh International Convention and Exhibition Centre as part of the dedicated Bahrain pavilion organised by the ...

Bahrain has received from Singapore-based companies over 100 million in investment commitments across key sectors such as financial services ICT and tourism since November 2023. Bahrain Economic Development Board (Bahrain EDB) reported on the sidelines of Singapore Fintech Festival 2024 that this marks a new milestone for the Island nation s investment promotion agency. The results demonstrate the impact of Bahrain EDB s expansive international footprint wherein the Singapore office is the first to have been established in the ASEAN region a year ago. Trust of investors Noor bint Ali Alkhulaif Minister of Sustainable Development Chief Executive of Bahrain Economic Development Board said: Underscoring the established trust of international investors in Bahrain s value ...

Technology has played a vital role in enabling real estate brokers and agents to provide an exceptional buyer experience and facilitate the completion of crucial deals with both local and international investors in the UAE realty market. By leveraging the enormous benefits of a cloud-based omni-channel contact center that features advanced communication tools and AI-powered chatbots real estate agents can provide personalised and automated customer communication support resulting in enhanced customer engagement and improved sales performance. CRM tools centralise customer data enabling agents to track interactions manage leads effectively and tailor their approach to individual clients explains Sabah Corm Marketing and Innovations Director of IT Max Global a leading service provider in the IT sector. Additionally AI-driven analytics offer valuable insights into market trends allowing...

A total of 32 landmark announcements and deals over 12 billion were announced at the second edition of Gateway Gulf 2024 which ran on November 3 and 4 in Bahrain. Organised by Bahrain Economic Development Board (Bahrain EDB) the forum was attended by 250 ministers and business leaders from around the world and highlighted significant trade and investment opportunities in Bahrain and the wider Gulf as the region s economies increasingly drive growth in non-oil sectors. In finance Al Salam Bank (ASB) announced the launch of ASB Capital a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Investcorp announced key investment related initiatives and SICO Bank introduced diversified investment products. J P Morgan Payments announced plans to hire technologists in Bahrain. Additionally Singapore Gulf Bank announced the launch of corporate banking services for the global digital economy. H...

Dubai s growing assembly of more than 22 900 real estate brokers can combine to help build the greatest city in the world through a shift to more collaborative practices. That is the vision behind a first of its kind educational programme aimed at transforming the Dubai property market with brokers maintaining healthy ethical competition while also forging partnerships that benefit the broader community. Launched by Firas Al Msaddi CEO of fäm Properties the Real Estate Blueprint offers a series of unique events and training initiatives combining to create a community hub for brokers focused on learning networking and building professional skills. Game Changers The first of these events The Game Changers drew almost 3 000 paying real estate professionals to the Coca Col...

The opening day of the 8th edition of the Future Investment Initiative (FII) held in Riyadh saw two major agreements being signed at the event. The deals were sealed at an investment ceremony held today (October 29) under the umbrella of Invest Saudi led by Khalid Al Falih Minister of Investment. Hassana Investment Company signed a MoU with State Oil Fund of the Republic of Azerbaijan (Sofaz) to explore collaborative investment opportunities within the Kingdom of Saudi Arabia. The MoU sets the groundwork for strategic cooperation between the two entities allowing them to investigate options for co-investment and asset transfers in areas such as private equity infrastructure and real estate. The other deal was sealed by Saudi investment firm Beta Lab which launched a 300-million growth fund in partnership with the Ministry of Investm...

United Real Estate Development Company one of the fastest growing shopping mall developer in Saudi Arabia has announced that it has bought a 2 700 sq m plot of land within the Al Narjis neighbourhood in the kingdom for SAR27 million ( 7.2 million). The plot which was purchased from Ahmed bin Mohammed bin Othman will be used for future development of a residential project on it said United Real Estate Development Company in its filing to Saudi bourse Tadawul. The Saudi developer has inked a facility agreement with Al Rajhi Bank for shari a-compliant banking facilities to fund 66% of the cost of buying land.- TradeArabia News Service ...

UAE is the second country after Saudi Arabia for hosting the highest number of projects across the Middle East with Dubai leading the cities across the emirate with 19 200 rooms in the pipeline with 67 projects a report has said while delving into the opportunities for investors in Dubai s hotel industry. Dubai leads the cities across the UAE with 19 200 rooms in the pipeline with 67 projects said Les Roches Global Hospitality Education alumnus a leading hospitality school said in its report titled A Clear Roadmap for a Hotel Business Investment in Dubai . It highlighted that occupancy levels are expected to sustain an upward trajectory further solidifying Dubai s position in the global hospitality market. Occupancy rates have shown consistent growth hitting a record 90.8% in February 2024 underscoring the strong demand in the market. Moreover average daily rates (ADR) and revenue per available room (RevPAR) hav...

Dubai Real Estate market witnessed a robust performance across both residential and commercial sectors during Q3 2024 a report said. Dubai s real estate market continues to attract global interest with combined residential and commercial sales reaching AED138.8 billion ( 37.79 billion) for the quarter said the report by Engel & Völkers Middle East known for its residential and commercial real estate services in the premium segment. Residential transactions surged by 40.8% year-on-year contributing AED115.6 billion while the commercial market added AED23.2 billion in sales reflecting a 28% increase in total transaction value compared to the same period in 2023. Dubai s thriving real estate market is buoyed by strong economic fundamentals rising foreign investment and the emirate s appeal as a destination for high-net-worth individuals and businesses...

Abu Dhabi s property market witnessed growing investment aand high return on investment in the third quarter (Q3) of 24 says Bayut a leading property portal in the UAE. In its Q3 market report for Abu Dhabi Bayut says search trends point to a strong performance in both the capital s affordable and luxury segments. Trends for buying properties During Q3 2024 Al Reef Al Ghadeer and Masdar City emerged as key locations among those looking at purchasing affordable apartments in Abu Dhabi. For those interested in buying luxury apartments Al Reem Island Al Raha Beach and Yas Island have remained popular options. Villas for sale in Al Reef Khalifa City and Al Shamkha have garnered the most investor interest in the affordable segment. The luxury villa market has continued to attract buyers w...

Saudi-based Ladun Investment said its key subsidiary Built Industrial Company has been awarded a SAR646 million ( 172 million) contract for the development of The Point a 75 000 sq m mixed-use project on King Fahd Road at Abha in the Asir region of the kingdom. The contract was awarded by Real Estate Development Fund Company a private closed real estate investment fund owned by the Red Sea Asir Company and the Tourism Development Fund. On completion the project will boast a shopping mall a hotel as well as variety of entertainment facilities in addition to administrative buildings open spaces and gardens said Ladun Investment Company in its filing to Saudi bouse Tadawul. A unique retail and hospitality destination The Point aims to provide an exceptional retail lifestyle food and beverage and hospitality experience for the residents and visitors of Abha. -TradeAra...

The National Bank of Bahrain (NBB) has announced the launch of the GCC s first Bitcoin-linked Structured Investment developed in partnership with ARP Digital. The unveiling took place during a special ceremony at Fintech Forward 2024 marking a pioneering step for the financial sector of Bahrain and the wider region. The cutting-edge investment product is designed exclusively for accredited investors to provide them the opportunity to gain exposure to Bitcoin s (BTC) long-term growth while ensuring capital preservation. Through this structured product accredited investors can benefit from Bitcoin s upward performance capped at a predefined threshold while enjoying 100% capital protection on the downside. Powerful hedge This offers a powerful hedge against the volatility traditionall...

Major Developers has broken ground on the AED1 billion ( 270 million) Manta Bay project a transformative addition to Ras Al Khaimah s luxury real estate landscape. The ceremony held on Al Marjan Island underscores the developer s commitment to fostering the emirate s future growth. Attended by key stakeholders from Marjan the master developer of freehold properties in Ras Al Khaimah Federal Engineering Consultants and Civil Power General Contracting LLC (CPC) the enabling contractor the event highlighted the project as a cornerstone of Ras Al Khaimah s strategy to enhance its standing as a luxury destination globally and in the region. Thriving market The launch of Manta Bay comes at a time of robust growth for Ras Al Khaimah s real estate sector which saw a 15% increase in tr...

Saudi-based Makkah Construction and Development Company has announced that it has entered into a deal with 57 shareholders of First Avenue Real Estate Development Company to buy a strategic 30.13% stake in the company for a total value of SAR341 million ( 91 million). The agreements with the principal shareholder of First Avenue Nader bin Hassan bin Atallah Al Amri Dar Al Majed Real Estate Company and First Avenue include an obligation on them to take necessary actions to complete the initial public offering (IPO) of First Avenue and to obtain the necessary approvals for publishing the supplementary prospectus related to the Transaction and also include a restriction on the disposal of shares for the principal shareholder said Makkah Construction in its filing to the Saudi bourse Tadawul. Under this Makkah Construction acquired a total of 56.8 million ordinary shares of First Avenue ...

UAE s real estate market which is predicted to reach a value of AED2.5 trillion ( 680 billion) by 2024 end continues to garner strong demand from investors from all over the world. The growing surge is due to various factors with the off-plan market being the major contributor and responsible for 65% of overall sales transactions for the month of August 2024 a 54% volume increase from what was recorded during the same period last year said QUBE Development a renowned international real estate developer. This sector s growth is spearheaded by the increasing influx of high-net-worth individuals (HNWIs) who have entered the market looking for strong investment opportunities with a focus on the luxury property sector primarily in the off-plan market where a high number of ultra-luxury projects and megaprojects are currently under way. span style=...

Huawei Research has found that each 1 investment in ICT results in a 8.3 return in a country s digital economy. This was revealed at Huawei Connect 2024 which has kicked off its 3-day agenda in Shanghai. Themed Amplify Intelligence the global event explores how different industries can make the most of digital and AI technologies with a focus on strategy industry development and ecosystems. In the event s opening keynote speech titled Paving the Way for All Intelligence Huawei Deputy Chairman and Rotating Chairman Eric Xu spotlighted various vital topics related to industries and enterprises intelligent transformation. He also shared Huawei observations thoughts strategies and experiences on AI becoming the most impactful technology for industries envisioning the future of enterprises in the age of AI Advancing Huawei s All Intelligence Strategy and much more.&n...

Saudi Arabia s substantial investments in infrastructure developments and giga projects continue to drive growth and resilience in the kingdom s real estate market with 27 500 residential units delivered in Riyadh and Jeddah in H1. This increases the total stock to about 1.46 million units in the capital and 891 000 units in Jeddah. Around 16 000 units each will be added to the stock in the two cities later this year. JLL s latest KSA Real Estate Market Dynamics Report states that the residential and hospitality sectors stood out for their strong performance in H1 2024 supported by the government s efforts to boost home ownership and the introduction of tourist visas the expansion of entertainment offerings and the promotion of sports and new experiences to position the kingdom as a global leisure destination. Residential sale prices experienced a noteworthy 10% year-on-year increase in ...

The 7th edition of the Sharjah Investment Forum (SIF 2024) organised by the Sharjah FDI Office (Invest in Sharjah) will be held from September 18-19 in Sharjah where 80 global speakers participate by leading in-depth discussions a report said. The event will shape A Futuristic Vision for Smart Economies through over 100 sessions including keynote addresses dynamic panel discussions and interactive workshops Emirates News Agency WAM said. The two-day forum will explore AI s transformative power in revolutionising smart economies. It will spotlight cutting-edge solutions across critical industries including manufacturing agriculture food security logistics and supply chains while unveiling strategies to boost businesses and institutions competitiveness. Additionally the forum will also highlight the supportive environment in Sharjah and the UAE offering opportunities for innovative high-im...

IMAN Developers a leading Dubai-based luxury residential developer has launched its AED800 million ( 217.8 million) One Sky Park in Jumeirah Village Circle (JVC) in partnership with Versace Ceramics. The mixed-use development is scheduled for completion in the fourth quarter of 2027 and features exclusive Versace ceramics throughout its apartments lobby and common areas blending fashion-forward design with luxury and functionality. The launch event was headed by Ismail Marfani Chief Executive Officer of IMAN Developers and Francesco Lanno for Versace Ceramics. Elevating urban living Marfani said: The grand launch of One Sky Park represents a significant step in our commitment to elevate urban living in Dubai. Featuring designs by Versace Ceramics this development is a true reflection of our visio...

Saudi Arabia s Vision 2030 is driving a staggering 1.3 trillion in investments across the kingdom s real estate infrastructure and transportation sectors with 164 billion worth of real estate contracts awarded the largest of which is for Neom ( 28.7 billion) said a report. Over 1 million new homes are planned by 2030 with around 4% already completed. 32.5% of the kingdom s new housing stock is planned in the capital according to Knight Frank s Saudi Arabia Giga Projects Report 2024. The tourism sector is set to soar aiming for 150 million visitors annually by 2030. With 362 000 new hotel rooms planned or under construction. Saudi Arabia welcomed 27.4 million international visitors in 2023 ranking it the 13th most visited country. These ambitious giga projects are reshaping the kingdom s urban landscape tourism and commercial sectors setting the...

The Saudi Ministry of Tourism highlighted the vast potential for international investors to capitalise on the kingdom s rapidly expanding and diverse tourism sector at the IHIF Asia International Hospitality Investment Forum (September 9-11) that is underway in Hong Kong. A highlight of Saudi Arabia s participation at IHIF Asia was the panel discussion titled Invest Enable Prosper: Empowering Tourism Destinations . This fireside chat led by Tareq Al-Shaghrood General Manager of Investment Planning & Attraction at the Saudi Ministry of Tourism presented the kingdom s strategic approach to developing a world-class diverse tourism ecosystem. Saudi Arabia s commitment to creating a wide array of tourism experiences from cultural heritage and adventure tourism to luxury and eco-tourism is underpinned by a robust framework of incentives and support for investors he said. Ou...

IMAN Developers a leading Dubai-based luxury residential developer has onboarded Versace Ceramics for One Sky Park a landmark mixed-use development in Jumeirah Village Circle (JVC) using exclusive Versace Ceramics tiles in the community. With a total value of AED800 million ( 217 million) One Sky Park will feature Versace Ceramics in apartments lobby and common areas elevating urban living by seamlessly blending fashion-forward design with luxury and functionality a statement said. One Sky Park featured by Versace Ceramic will be a distinctive addition to IMAN Developers portfolio offering a unique lifestyle centred around style and sophistication. The development comprises two iconic towers Tower A and B with 26 and 37 floors respectively each featuring a stunning Sky Deck. With a mix of studios one to three-bedroom apartments and luxurious penthouses One Sky Park aims to attract residents who appreciate a high-fashion l...

Konvi Europe s leading luxury assets fractional investment platform has announced plans to enter the real estate market in the UAE opening up investment opportunities in the country s luxury property boom to all. The UAE s luxury real estate scene is thriving and is expected to grow throughout 2024 despite a weakening outlook on the property market globally. Dubai s property scene is taking off with home values rising for 15 consecutive quarters and skyrocketing 20% for the year up to May while rents have climbed for 13 straight quarters a company statement said. In Abu Dhabi the all-residential property price index soared by 7.53% in Q1 2024 from a year earlier. Demand is surging with both cities shattering record highs for transactions in 2023 driven by strong economic fundamentals government initiatives and increasing demand from global investors. The UAE is solidifying its st...

UAE-based Dubal Extrusion Investment (DEI) a wholly owned subsidiary of Dubal Holding (DH) successfully completed the rooftop solar power generation project (phase I) at OSE Industries a local aluminium extrusion company owned by DEI. The rooftop solar power project executed by Emirates Electrical Engineering LLC went live in the beginning of July and is located on the roof tops of buildings 1 and 2 of the OSE plant. With a rated capacity of 633 kilowatts peak (kWp) the system is expected to generate 1.1 gigawatt-hours (GWh) of clean electricity annually. The project is estimated to produce up to 12% of OSE Industries annual electricity power needs. In terms of its environmental impact the annual generation of 1.1 GWh of clean electricity can power a small town for several days or even a week significantly reducing carbon emissions by 440 000 Kg CO2 e and promoting sustainable practices. Phase II of the project covering the remaining bu...

Institutional investors view digital assets are an inevitable institutional opportunity and a promising asset class that is set to grow substantially says a research brief. There are four crucial focus areas for institutions considering entry into the digital asset market -- asset allocation custody regulation and risk management says the OKX-commissioned research brief authored by Economist Impact entitled Digital assets as the new alternative for institutional investors: market dynamics opportunities and challenges . Liquidity market integration and compliance are also highlighted as important factors for market entry says OKX a leading crypto exchange and Web3 technology company. Roundtable discussion The focus areas and insights that emerged in the research brief were gathered from an E...

Diyar Al Muharraq Bahrain s largest real estate firm has appointed ASK Real Estate to provide comprehensive executive management support services for the Al Naseem Community. ASK Real Estate will oversee daily operations maintain common areas and offer strategic advice on community management. The company has also been entrusted to manage all financial aspects related to the community s operations. Held at Diyar Al Muharraq headquarters the signing ceremony for this collaboration was attended by Majed Al Khan Chairman of the Board of Directors of ASK Real Estate Karim Yazji Chief Executive Officer of ASK Real Estate Eng Ahmed Ali Alammadi Chief Executive Officer of Diyar Al Muharraq and other officials from both companies. Vibrant safe and well-managed Al Khan said: We are deligh...

The Endowments and Awqaf and Minors Affairs Foundation (AWQAF Dubai) has announced the development of 21 endowment real estate projects valued at over AED202 million ( 55 million) in line with Dubai s commitment to expand and diversify endowment investments a report said. These projects include malls residential buildings shops and mosques which are currently at various stages of design and implementation Emirates News Agency WAM said. The endowment real estate projects encompass a range of purposes including educational and humanitarian buildings general charitable contributions and mosque endowments. These projects are funded via contributions and donations from endowment backers in addition to the reconstruction portfolio. AWQAF Dubai said that construction timelines for the 21 endowment projects range from one to two years. The developments are strategically located in key areas of central Dubai. ...

The Saudi Real Estate Refinance Company (SRC) a subsidiary of the Public Investment Fund has signed a memorandum of understanding (MoU) with the US BlackRock conglomerate in New York City to develop products in the real estate finance market in Saudi Arabia and increase the share of businesses in the real estate sector capital markets. The MoU was signed on the sidelines of the official visit of Saudi Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail who is also SRC Board of Directors Chairman said a Saudi Press Agency report. The minister and his accompanying delegation are in the US to discuss ways to boost Saudi-American partnerships in the urban development construction building finance and real estate development sectors. The agreement was signed by SRC CEO Majid Fahd Al-Abduljabbar and General Manager of BlackRock in the Middle and CEO of BlackRock...

The real estate sector across the GCC region is expected to maintain its upward momentum reinforced by strong macroeconomic fundamentals supportive government policies and increasing investor interest according to industry expert Markaz Real Estate In its latest real estate reports Markaz has forecast a positive outlook for the real estate markets in Kuwait Saudi Arabia and the UAE in H2 2024. The scores in the Markaz GCC Macro Index for the second half of 2024 are projected at 3.5 for Kuwait 3.7 for Saudi Arabia and 3.6 for UAE. These comprehensive reports developed by Markaz Mena Real Estate team and Marmore Mena Intelligence the research arm of Markaz offer a detailed analysis of the real estate sector s performance during H1 2024 and present an optimistic forecast for H2 2024. The positive projections are based o...