Bahrain’s Eskan Bank has announced 140 investment opportunities to develop heritage properties across six neighbourhoods in Muharraq city. The key initiative, being implemented in co-ordination with the Bahrain Economic Development Board, is aimed at preserving the historic district’s cultural identity.
Office markets across both Dubai and Abu Dhabi remained the strongest-performing asset class during the quarter, driven by robust demand for high-quality space and a shortage of Grade A supply in key business districts, said a report.
Light + Intelligent Building Middle East is marking its 20th edition by highlighting the growing importance of interconnected systems in shaping smarter, more sustainable spaces. To be held from January 12 to 14 next year, the milestone edition of the annual trade show will gather global innovators in lighting, building automation and smart home technologies.
Leading global investment firms Brookfield and Lunate have launched Alya, a new platform focused on premium build-to-sell residential developments across the GCC, combining the global investment firm's development expertise with Lunate's regional networks.
Gulf Cryo, a leading supplier of industrial and specialty gases, has announced that its carbon capture facility in Abu Dhabi will begin production within weeks, adding to its existing operational facility in the northern emirate of Ras Al Khaimah. The UAE is currently the company's largest market.
Edamah, the real estate arm of Bahrain’s sovereign wealth fund Mumtalakat, has joined hands with Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, to develop a premium waterfront leisure and commercial destination - Pier 1890 - on Manama Corniche, adjacent to the Shaikh Hamad Causeway.
Dubai’s Roads and Transport Authority (RTA) has completed annual maintenance and rehabilitation works along 20 km of asphalt highways, within the slow lanes. The project covered Sheikh Mohammed bin Zayed Road, Lehbab Road and the Dubai–Al Ain Road.
The Indian Hotels Company Limited (IHCL) and Kingdom Projects have announced a $100 million investment in Bahrain to introduce three developments: the Taj hotel brand’s debut in the Kingdom, Bombay Brasserie and Hamleys, expanding the country’s hospitality, dining and retail offering.
Bahrain-based technology group Beyon is expanding its renewable energy capacity, with a third data centre set to be powered entirely by clean energy following the completion of the 14,000-sq-m fifth phase of its solar park programme being implemented in partnership with Almoayyed Solar.
DMCC, an international free zone and master developer of Uptown Dubai, has signed up Waitrose as the anchor retailer at Uptown Place. The premium supermarket brand will open a 5,000-sq-ft store, serving as a core lifestyle amenity for the district’s commercial tenants, residents, and visitors.
