Saudi Arabia's RUA AlHaram AlMakki and Rua Al Madinah Holding have signed two strategic collaboration agreements with Brunei's TAIB in Bandar Seri Begawan. The partnership opens investment channels for real estate developments in Makkah and Madinah, including a joint venture within Makkah's King Salman Gate destination with an estimated gross development value of SAR 9.7 billion.
Grova Developments, the real estate arm of Hassan Allam Holding, has appointed Hassan Allam Construction to build Grova Westfields in West Cairo under a USD 1 billion contract. Spanning 303 acres in Sheikh Zayed, the development features a five-star hotel, branded residences, luxury villas, and apartments. Delivered with Egyptian Kuwaiti Company for Real Estate Development, it follows the company's recent expansions in Cairo and Riyadh.
Arada has submitted initial planning applications for its AED12 billion Thameside West regeneration project to the London Borough of Newham. The first stage will deliver nearly 1,500 homes, including two buildings providing 100% social rent. Spanning 47 acres in the Royal Docks, the landscape-led masterplan incorporates a seven-acre public park, a one-kilometre waterfront walk and plans for a new DLR station.
Vingroup has broken ground on the Vinmec Can Gio International General Hospital within the Vinhomes Green Paradise coastal township in Ho Chi Minh City. Developed alongside Cleveland Clinic, the 7.4-hectare multi-speciality facility will feature 500 beds and accommodate around 500,000 outpatient visits annually. Scheduled to open in December 2027, the hospital combines specialised medical care, longevity research and luxury rehabilitation aimed at regional medical tourism.
The Government of Maldives and Abu Dhabi-based developer Eagle Hills have signed a commercial terms agreement for the USD 12 billion "Maldives Waterfront and Marina" project in Ras Malé. The mega-project features hotels, branded residences, a marina, and civic facilities under long-term 99-year leaseholds. Built entirely on reclaimed land, the multi-phase scheme aims to establish a structured real estate sector and support the country's economic targets.
Vingroup Corporation has officially commenced construction on the Northwest Bac Ninh City New Urban Area Project - Zone 1, known commercially as Vinhomes King Park. Covering nearly 270 hectares in Kinh Bac ward, the low-density development will feature housing, green spaces and an extensive sports complex. The scheme aims to enhance local living standards and attract regional investment.
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