Ambassadori Island Batumi has signed a major international investment agreement with Dubai-based HOLM Developments. The UAE firm will construct a 140,000 square metre multifunctional complex on the artificial island, representing an investment of over $250 million. The deal highlights growing foreign direct investment in Georgia's real estate market, backed by secure investment frameworks and strong economic potential in the Black Sea region.
Accor and Al Qimmah Hospitality have expanded their strategic agreement to build a joint portfolio exceeding 4,000 rooms in Saudi Arabia. The growth is marked by the signing of an 850-key Novotel property in Makkah, scheduled to open in 2030. The wider initiative spans five properties across Makkah, Madinah and Jeddah, supporting religious tourism infrastructure and domestic employment targets under Saudi Vision 2030.
Foster + Partners has joined a UK-EU consortium that secured a £4 million research grant from the European Innovation Council Pathfinder funding programme. The three-year SWIFT-BUILD project focuses on autonomous robotic assembly for modular timber structures using top-down construction techniques. The initiative combines artificial intelligence, automated machinery and aerial drones to create flexible buildings designed for adaptation and eventual disassembly.
Al Saidan Real Estate has appointed Abdullatif Almuhaideb as Chief Executive Officer to lead its next growth phase. The strategic move coincides with the rollout of the company's ATRIUM 2026-2030 roadmap, which aims to improve operational efficiency and scale high-quality developments. Almuhaideb brings over 15 years of industry experience to the role.
The Real Brokerage and RE/MAX Holdings have finalised their business combination, forming Real REMAX Group Inc. The deal introduces the new trading symbol REAX on the Nasdaq following a 10-for-1 share consolidation for Real investors and stock or cash payouts for RE/MAX shareholders. Chief Executive Tamir Poleg highlighted the move as a transformational step for property technology and network expansion.
Signia Hilton has announced Signia Restore, an integrated wellness concept designed to transform how guests train and recover while travelling. The service will debut at Signia Hilton Indianapolis, which is taking bookings for January 2027. Combining high-performance training, recovery spaces, tailored guidance and retail, the initiative targets business and leisure travellers. Following its Indiana launch, Hilton plans to introduce the concept across select international properties.
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