The African Development Fund (ADF), the financing arm of African Development Bank Group, has secured a record $11 billion from 43 partners for its 17th Replenishment (ADF-17), the largest in the Fund’s history despite severe global fiscal constraints.
Qsas Company, a major subsidiary of Saudi sovereign wealth fund PIF (Public Investment Fund), has announced the launch of its Alsirah Gardens project in Madinah. Spanning 70,000 sq m, it features seven enrichment zones offering interactive and creative experiences.
King Saud University has announced that its investment arm Riyadh Valley has signed an agreement with Diriyah Company to lease 552,000 sq m of land for 70 years, enabling the company to develop the area within Phase Two of the Diriyah Project (D2).
UAE-based The Luxe Developers has broken ground on its AED2.3 billion ($626 million) wellness-integrated luxury development - La Mazzoni - on Al Marjan Island, Ras Al Khaimah. Set for completion in Q3 2028, it features 562 fully furnished units and other key amenities.
Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa.
Wood has secured more than $1 billion in contract wins across the Middle East in 2025, marking the second consecutive year of record sales bookings in the region. Wood has seen a near 20 per cent increase in awards compared to 2024, with wins across UAE, Iraq, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar.
Raimondi has announced the installation of six flat-top tower cranes for a major construction phase of Aljada, the large-scale master community development from Sharjah developer Arada. This marks the first time cranes from Raimondi T Series are being deployed at a GCC jobsite.
A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate.
Maria Morris Global (MMG), a Dubai-based real estate advisory company, has announced a strategic partnership with Alta Real Estate Advisory, a boutique Saudi advisory firm, in a move that paves the way for launch of MMG's operations in the kingdom next year.
Dubai-based HRE Development has announced a landmark partnership with Mitsubishi Corporation, a global leader in engineering and technology, to create sustainable, future-ready communities that seamlessly blend Japanese innovation with nature-inspired design.
