UAE-based Al Ghurair Development unveils Tessera, a new residential address in Dubai South designed by Portugal-based architect Manuel Aires Mateus, aimed at bringing townhouse living experience to apartments. The first phase launch encompasses two-bedroom-plus to three-bedroom-plus homes, including duplex residences.
Saudi Arabia's facility management market is worth more than $50 billion and its size reflects opportunities to maximise asset value, improve urban efficiency, and develop a nationally competitive sector with a global reach.
UAE-based Royal Development, a subsidiary of Emirates Stallions Group, has announced the launch of Phase Two of AED1.45 billion ($395 million) Radisson Residences Al Reem Island in Abu Dhabi, introducing its third tower, which features 437 furnished branded homes with a mix of studios and one- to two-bedroom apartments.
Saudi-based Umm Al Qura for Development and Construction Company and Alinma Development II, a special purpose vehicle of Alinma Makkah Real Estate Fund, have signed sales agreements with Arabian Dyar Company for four prime land plots located within the Masar Destination project in Makkah for SAR603.76 million ($160 milllion).
Emirates Water and Electricity Company (EWEC) has outlined plans to expand the UAE’s cleaner energy and water systems, forecasting a more than 45 per cent reduction in related carbon emissions by 2035 despite rising electricity demand.
Qatar is expected to award about $38.5 billion in new infrastructure projects over the next five years, including public-private partnerships, with the country setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billions of dollars.
Saudi-based Asas Makeen Real Estate Development and Investment Company has signed up Itihad Al Thabat Contracting to execute and complete the construction and finishing works required for a number of residential and commercial projects being developed by the company in Riyadh.
Saudi Arabia's Al Baha Municipality has completed the work on a 136-m-long walkway in Bani Hasan as part of its efforts to improve public spaces across the kingdom and support local commercial activity. The Al Ronq Walkway combines pedestrian paths with investment kiosks.
Saudi developer Roshn has joined hands with Talaat Moustafa Group to set up a new venture that will be responsible for the development of a mixed-use community in Riyadh featuring more than 55,000 residential units along with key retail, hospitality, leisure and healthcare facilities.
Etihad Rail, the developer and operator of the UAE National Rail Network, and AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, have partnered to launch a direct rail service connecting Fujairah Terminals with the Industrial City of Abu Dhabi (ICAD).
