UAE developer Binghatti has achieved a major milestone with the sale of the region's most expensive penthouse valued at AED550 million ($150 million), at its iconic development Bugatti Residences by Binghatti located in Business Bay.
The GCC will continue to build on its achievements with a shared vision and unified policies, His Majesty King Hamad said, chairing the 46th session of the GCC Summit at Sakhir Palace on Wednesday.
Several major projects and decisions were announced during the fourth meeting of the Bahraini-Saudi Coordination Council, co-chaired by HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, and HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia.
Glenwood Private Equity, a leading Korea-based investment firm, and Mubadala Investment Company, an Abu Dhabi-based global investor, and other co-investors announced the closing of their co-investment in NanoH2O Co (formerly known as LG Water Solutions and a division of LG Chem).
500 Global, a multi-stage venture capital firm, and Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF), announced the tenth batch of the Sanabil Accelerator by 500 Global.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has been honoured with the ‘Excellence in Safety’ Award by the Lifting Equipment Engineers Association (LEEA) during its annual awards ceremony held recently at Liverpool, UK.
DMCC, a leading international business district that drives the flow of global trade through Dubai, has unveiled the world’s largest silver bar – a record-breaking 1,971 kg asset officially recognised by Guinness World Records.
Multiply Media Group (MMG), a subsidiary of 2PointZero Group, has announced the full acquisition of London Lites, one of London’s leading digital Out-of-Home (DOOH) operators renowned for its landmark locations.
Bahrain has announced a reduction in the minimum real estate investment required for the Golden Residency from BD200,000 ($530,494) to BD130,000 ($344,821).
UAE groups ARY and Maher Al Zarooni have announced the formation of ARY & MAZ Developments, a joint venture set to deliver a new wave of landmark projects in Dubai with an estimated AED2.5 billion ($681 million) development pipeline.
