Sunday 4 December 2022

Saudi TDF teams up with Ennismore, Al Rajhi for lifestyle projects

Saudi Arabia's Tourism Development Fund (TDF) has entered into a tripartite partnership with Ennismore, one of the fastest-growing lifestyle hospitality companies in the world, and Al Rajhi Capital, one of the leading asset managers in Saudi Arabia, to develop 'exciting' lifestyle


Acwa, Saudi PIF unit to build region's largest solar PV plant

Saudi-based Acwa Power today (November 30) signed an agreement with Water and Electricity Holding Company (Badeel), a wholly-owned unit of the kingdom's sovereign wealth fund PIF (Public Investment Fund), to develop a 2,060 MW solar photovoltaic (PV) plant at Al Shuaibah in Makkah provinc


Foster+Partners wins contest to masterplan mega Riyadh airport

Leading architectural firm Foster+Partners said it has won a competition to design the masterplan for King Salman International Airport, one of the world’s largest airports spread over a 57-sq-km area in Riyadh, featuring a host of facilities.  


Azizi's premium Dubai waterfront project enters fast track

UAE-based Azizi Developments has announced that work has entered into fast-track on its French Mediterranean-inspired waterfront community, Riviera, strategically located in Mohammed Bin Rashid City, Dubai, with the first two phases recording over 95% completion rate.  


Saudi PIF unit to invest $13bn in new entertainment destinations

Saudi Entertainment Ventures (Seven), a wholly owned subsidiary of the Public Investment Fund (PIF), is set to invest SR50 billion ($13.3 billion) for the development of 21 integrated entertainment destinations with over 150 innovative attractions, in partnership with prominent international


Bahrain Airport Company awards $167m infrastructure contracts

Bahrain Airport Company (BAC) said it had awarded around $167 million worth of contracts and accumulated investment related to Bahrain International Airport’s facilities, services and infrastructure at Bahrain International Airshow 2022 held early this month.   


Diriyah Gate signs deal with 16 global hospitality brands

Diriyah Gate Development Authority (DGDA), responsible for the transformation of Diriyah, the birthplace of the Kingdom of Saudi Arabia, into one of the greatest gathering places in the world, today (November 29) added 16 new global hotel brands to its already impressive hospitality portfolio


Dubai boutique design studio unveils top 5 design trends for 2023

Looking ahead to the new year, Nina Parvaresh, a Dubai-based architect, entrepreneur and founder of boutique design studio Concept ME, outlines her key trend predictions in the world of design. These are:   *Alabaster lighting fixtures  


Prime residential market in Dubai 'set for strongest growth in 2023'

Prime residential prices in Dubai, which encompass the neighbourhoods of The Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, are set to experience the strongest price growth globally, according to global property consultancy Knight Frank.   Dubai’s


Etihad Rail seals transportation deal with Borouge

Etihad Rail, the developer of UAE's national railway network, has reached an agreement with leading UAE petrochemical company Borouge, to transport 1.3 million tonnes of polyolefins annually from its petrochemical complex in Al Ruways Industrial City via rail for export. &nbs

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