Saudi National Development Fund (NDF) and its affiliated sector funds have signed SAR6 billion ($1.6 billion) deals to help boost investment and unlock new opportunities across priority sectors including tourism, infrastructure and sustainable development.
Hassan Allam Construction has been awarded a landmark $250 million contract for the construction of the Afreximbank African Trade Centre, the bank’s largest global complex, which will also host its new headquarters building, in the New Capital of Egypt.
Bahrain authorities said that steady progress is being made on the East Sitra Social Housing Project with more than 20% work in the third phase completed. Infrastructure works stand at 29%, while 16% of the 1,269 housing units have been built.
Unico, an international real estate developer, has entered into a strategic alliance with DECA, a real estate marketing specialist, to drive the sales of its upcoming portfolio of design-led residential communities in Dubai.
UAE-based Azizi Developments has signed a 50-year lease agreement with Khalifa Economic Zones Abu Dhabi (Kezad) representing an investment value of AED2 billion ($544 million). The newly leased plots, spanning nearly 440,000 sq m, will accommodate 12 factories.
The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Ministry of Electricity of the Republic of Iraq have discussed the final preparations for launching the electricity interconnection project between the two entities.
Saudi Electricity Company said it has signed a landmark financing agreement with the Italian Export Credit Agency (SACE), with a total value of $1 billion, aimed at supporting the development and expansion of power projects across the kingdom.
Parkin Company, a leading provider of paid public parking facilities and services, has signed a five-year agreement with Damac Properties to optimise the use of 3,600 parking spaces across Damac’s portfolio of premium developments in Dubai and Abu Dhabi.
ONE Development has announced that it has unveiled the 'first residential tower in the world' that boasts a fully integrated aerial mobility ecosystem. The 31-storey building includes rooftop access for eVTOL aircraft engineered for autonomous passenger operations.
Luxury brand Karl Lagerfeld has signed a deal with AARK Developers for the launch of its $1.4 billion beachfront residential project in Ras Al Khaimah. Its second project in the region - Karl Lagerfeld Residences - will boast a collection of 663 sea view residences.
