Kuwait Financial Centre (Markaz) has announced that the Al Nada Tower, a key residential building owned by its real estate fund MREF, has achieved LEED Gold certification. This comes as part of its broader strategy to strengthen sustainability and operational frameworks across its real estate portfolio.
ACICO Group, a full-service, multi-sector construction group based in Kuwait, said it has returned to profitability with a KD2.9 million ($9.4 million) net profit in 2025 compared with a net loss of KD11.2 million ($36.2 million) a year earlier, reflecting progress in its restructuring plan.
Dahbashi Engineering, a leading provider of after parts for heavy machinery and energy solutions, has announced its transition to on-grid solar power at its headquarters in Dubai Industrial City, thus underscoring its commitment to sustainable growth and regional energy efficiency goals.
Modon, a premier Abu Dhabi-based real estate developer and urban planner, has released the final phase of its Tara Park residential project on Al Reem Island. A freehold development, the project features six residential towers connected by a shared podium that will deliver a total of 834 apartments.
UAE-based Prestige One Developments has officially begun the handover of Vista, its landmark residential project in Dubai Sports City. With over 350,000 sq ft of BUA, Vista offers expansive views across DSC along with a range of lifestyle-focused amenities designed to enhance modern urban living.
Leading UAE developer Aldar is set to build two integrated communities in Mohamed Bin Zayed City and Baniyas in Abu Dhabi that will deliver 9,000 new residential units across the emirate. With AED2.8 billion ($762 million) gross development value, these projects will add to Aldar’s develop-to-hold pipeline.
Abu Dhabi-based Global South Utilities (GSU) has achieved several major milestones in 2025, including the expansion of its renewable energy portfolio across Africa, thus contributing to powering more than 500,000 homes. In Egypt, it was part of an international consortium to develop a $220m solar plant facility.
Dubai's commercial property market is entering a phase of "strategic maturation," where focus has shifted from volume-driven to value-driven acquisitions has pushed capital values to historic highs, says CRC (Commercial Real Estate Consultants) in a report.
Chedi Hospitality, a leader in design-led luxury hospitality, has partnered with Rawasi Development to explore a new destination in Jabal Bausher, Oman.
Saudi Arabia has taken a significant step forward on its long-planned Landbridge railway, awarding Spanish engineering firm Sener the lead design contract for the multi-billion-dollar project linking the Red Sea to the Arabian Gulf, according to published reports.
