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.
Hassan Allam and Tilal Real Estate alliance have signed a strategic partnership with the Saudi National Housing Company to develop their first mixed-use project in Riyadh's Khozam District. Spanning 228,000 sq m, the planned community is being set up at an investment of more than SAR3.3 billion ($879 million).
Greenhouse Foodstuff Trading, a leading food service and retail company in the GCC, has announced its additional focus into the UAE’s fine-dining market, with a range of premium products to address the demand for high-end ingredients from leading chefs and restaurateurs in the region.
