Saudi Arabia's National Center for Privatisation & PPP (NCP) has launched the expressions of interest (EOIs) and requests for qualification for the operation and maintenance of a new public parks project. The 15-year contract will cover 50 parks across three regions - Eastern Province, Jeddah, and Madinah region.
Metal Park, a 500,000 sq m ecosystem established in 2021 in Abu Dhabi, has kicked off the second phase of its integrated industrial ecosystem, following its successful Phase One launch. The new expansion will introduce more than 700,000 sq ft of industrial units dedicated to metal processing and fabrication.
Dubai’s Roads and Transport Authority (RTA) has announced that the advanced maintenance and comprehensive rehabilitation works on Dubai Metro’s tunnel infrastructure have been fully completed. This comes as part of RTA’s ongoing efforts to enhance operational safety and ensure operational excellence.
Wasl Group has announced the launch of Cedarwood Estates South, the latest addition to its growing freehold portfolio across Dubai. A limited collection of golf view villas, it will boast 74 units across four-, five-, and six-bedroom layouts, with generous plot sizes and open interiors.
Nakheel has announced the launch of 'Podium Villas at Palm Beach Towers', a limited collection of 16 beachfront homes located at the gateway to Palm Jumeirah, within one of Dubai’s most connected coastal addresses. Set for 2027 handover, it will feature a mix of two- to four-bedroom units along with key amenities.
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has signed an agreement with Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, to develop a landmark mixed-use master community at an investment of AED62 billion ($16.8 billion).
Schneider Electric, a global energy technology leader, has signed a collaborative agreement with Brands For Less (BFL) Group to deploy advanced smart building and energy management solutions across 26 KE2 Brands For Less stores in the UAE, with plans to scale across the entire store network.
Gradiant, a leader in advanced wastewater solutions, said it had raised a Series E funding round valuing the firm at $2 billion, amid rapid growth in AI infrastructure, semiconductor manufacturing. The new investment supports strategic merger and acquisition, next-generation research as well as IPO readiness.
Oman's Asyad Group has signed its first usufruct agreement with Nama Real Estate for the construction of a commercial complex within the Muscat Airport Free Zone. Spanning 25,000 sq m area, the key facility will boast smart offices and hitech workspaces designed to serve both regional and global companies.
Shyam Middle East Resources, a part of India’s renowned Shyam Steel Group, is set to establish a non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone. The project marks a significant step in the group’s global expansion strategy.
