Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies.
Drake & Scull International (DSI) said it has secured a major contract from UAE-based Khamas Group of Investment companies, to provide mechanical, electrical and plumbing (MEP) services for The Ritz-Carlton Residences, a 48-key project located in Business Bay, Dubai.
India has emerged as the leading source of overseas online interest in Dubai's property market, accounting for more than one-fifth of international search traffic over the past three months followed by the UK (13.26%) and Egypt (12.60%), said a top Dubai brokerage.
The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, said a report. The total value of real estate traded in the sultanate soared to hit RO1.18 billion ($3.05 billion) by the end of May.
LG Electronics (LG) is expanding its Heating, Ventilation and Air Conditioning (HVAC) Academy network to strengthen the installation and service capabilities of its global HVAC business, the company said.
Nemetschek, a global leader in construction artificial intelligence, has launched its AI-powered Bluebeam Max software across the Middle East region, targeting growing demand for digital tools in the region's architecture, engineering, construction and operations (AEC/O) sector.
The total value of real estate sector transactions in Sharjah reached approximately AED29.5 billion ($8.03 billion) during the first half of 2026, marking a 9.3 percent increase compared to the same period in 2025.
Alkhorayef Water and Power Technologies has secured contracts from National Water Company and Saudi Irrigation Organization for the operation and maintenance of water, wastewater, treated water, and groundwater transmission and distribution systems across Al Khobar and Riyadh region.
Milano by Danube has launched its new B2B showroom in Deira, Dubai, further strengthening its presence in one of the UAE's most dynamic commercial districts.
IRTH Group, a real estate investment platform, has announced the launch of IRTH Contracting, a dedicated construction arm for its expanding portfolio of developments, thus bringing its development and construction operations under one integrated business.
