The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the Ministry of Finance to support the innovation and entrepreneurship ecosystem in the UAE, today announced the provision of an AED2 million credit guarantee to Wisewell, a UAE-based water technology company specialising in smart water purification systems.
Riyadh will host the second edition of ARTDOM Riyadh - ARTDOM’s curated international platform for premium interiors, contemporary design, art, architecture, real estate development and hospitality on October 20 and 21.
Global hospitality group Accor has signed an agreement with UAE-based Cityview Developments to introduce two of its new branded developments - Mövenpick Residences Dubai Motor City and Pullman Residences & Offices Dubai Meydan - that will add 690 new branded homes to its Emirati partner's portfolio.
Bahrain's Urban Planning and Development Authority (UPDA) has signed a contract with international consultancy firm Skidmore, Owings & Merrill LLP (SOM) to develop the Bahrain National Strategic Structure Plan 2050, that will guide every aspect of the kingdom’s sustainable urban planning and development over the next 25 years.
Oman has signed a tourism development agreement worth more than RO400 million ($1.04 billion) for an integrated tourism complex in Dhofar, as the Sultanate steps up investment in the sector and broader urban development.
Agreements worth more than RO550 million ($1.43 billion) were sealed at the Urban, Home & Building Expo and Conference in Oman covering some of the leading sectors including tourism, real estate, food security and housing, said a report.
Leading regional construction groups - Hassan Allam Construction and Galfar Engineering & Contracting - have announced a strategic agreement aimed at strengthening co-operation and pursuing future business opportunities across Oman.
Midal Cables, a leading industrial group with a strong manufacturing presence in both Bahrain and Saudi Arabia, is showcasing its advanced industrial capabilities and products as the company’s continued progress in production efficiency at the Made in GCC 2026” event in Bahrain.
Saudi Arabia’s construction activity expanded for a fifth consecutive month in September, although the pace of growth eased from August, according to a report. The activity increased across the key sectors of residential, non-residential structures and infrastructure supported by new orders.
Dubai's residential real estate market has seen a significant drop in transaction volumes as a result of the Middle East war. However, specific segments of the market are now experiencing a price correction, albeit a moderate one, according to S&P Global Ratings.
