Saudi Arabia's Public Investment Fund has established Tawrid Company for Financing Solutions, a digital platform aimed at boosting supply-chain financing across the Kingdom. Authorised by the Saudi Central Bank, Tawrid connects buyers, suppliers and financial institutions to enhance corporate liquidity and working capital. The company has already entered binding agreements with major local lenders and firms, including Saudi National Bank and ROSHN Group.
A consortium comprising A&O TEC, Prior+Partners, ZHA, Homa, Buro Happold, Systematica and Fichtner has presented the Benghazi 2050: Next Generation City Plan. The scheme introduces a Spatial Strategy alongside a Digital Planning Hub, combining 3D urban models, GIS data and environmental metrics. Designed as an adaptable framework, the project aims to guide sustainable expansion, reconnect the historic coastal city with its waterfront and coordinate infrastructure investments through to 2050.
Nakheel has awarded an AED 800 million main construction contract to Metac General Contracting Co for Phases 1 and 3 of Bay Grove Residences on Dubai Islands. The package covers 537 homes across seven buildings, with completion targeted for late 2028. The development is part of the broader Dubai Islands master plan, which will feature 1,154 properties across 15 buildings upon completion.
Developer Sun Group has launched Sun Glory Residence, a 3.7-hectare residential complex featuring nearly 3,500 luxury apartments in Vinh, Nghe An. Located at the junction of Le Hong Phong and VI Le Nin avenues, the development consists of five towers, including a 37-storey building. It offers over 37 exclusive amenities, 25,000 square metres of commercial space and 10,650 square metres of green areas.
Samsung Electronics has signed an agreement with real estate developer DH Plus to supply AI appliances and B2B operational solutions for the Grants Forest Park development in Cebu, Philippines. The mixed-use complex will feature residences, a hotel, villas and an international school by 2030. Samsung will integrate its SmartThings, SmartThings Pro and b.IoT platforms to streamline energy efficiency and building operations across the site.
Ares Real Estate and PSP Investments have launched a new joint venture targeting up to $2.4 billion in US logistics property. The partnership combines Ares’ operational platform with PSP Investments’ capital, focusing on prime industrial markets across the US. Sourced by Marq Logistics, the venture launches with a 5.2 million-square-foot seed portfolio spread across 14 properties in key regions including California, Texas and New Jersey.
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