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.
Kuwait-based Mechanical Engineering & Contracting Company (MECC) has secured a major contract worth KD34.7 million (113 million) from Kuwait Oil Company for one of its key projects - Manfolds and Group Trunk Lines (MGT) in country's northern region.
Indian developer Casagrand has announced the launch of its premium residential project - Casagrand Hermina - on the Dubai Islands. Set for Q2 2028 completion, it features 131 apartments with a mix of one- to four-bedroom units and another amenities.
UAE developer Binghatti has achieved a major milestone with the sale of the region's most expensive penthouse valued at AED550 million ($150 million), at its iconic development Bugatti Residences by Binghatti located in Business Bay.
TownX, one of Dubai’s fastest-growing real estate developers, has announced a significant milestone in the construction of its flagship development Ashley Hills located in the heart of Arjan community with over 40% project work already completed.
