Alramz Real Estate has entered into a SAR 91 million agreement with PIF-owned ROSHN Group to develop two residential plots in Riyadh. Spanning 14,128 sqm within the SEDRA community, the project will deliver an estimated 240 new homes. This strategic deal includes all design and construction works, following the high standards of the ROSHN masterplan. The project is expected to boost Alramz’s financial performance through 2028.
Alramz Real Estate has entered into a SAR 91 million agreement with PIF-owned ROSHN Group to develop two residential plots in Riyadh. Spanning 14,128 sqm within the SEDRA community, the project will deliver an estimated 240 new homes. This strategic deal includes all design and construction works, following the high standards of the ROSHN masterplan. The project is expected to boost Alramz’s financial performance through 2028.
MERED and EMSTEEL have launched a sustainable construction partnership to pilot high-strength steel solutions in the UAE real estate market. Signed at Abu Dhabi Sustainability Week, the deal focuses on improving building efficiency and reducing material waste. The move follows EMSTEEL receiving the prestigious Diamond Sustainability Label for its environmental leadership.
Lagos State has signed a two-year partnership with the Institution of Public-Private Partnerships Hong Kong to advance its infrastructure goals. The deal was formalised during the 19th Asian Financial Forum in Hong Kong this January. The agreement focuses on technical collaboration and knowledge sharing to support the THEMES+ development agenda in Lagos. Special Adviser Mrs Bukola Odoe led the Nigerian delegation to secure improved access to global investment networks and best practices.
MAIR Group has agreed a multi-million-dirham deal to acquire the KEZAD Logistics Park - KLP Free Zone 3 in Abu Dhabi. The AED 295 million transaction, completed through subsidiary Makani Real Estate, includes 50 years of land lease rights under a Musataha arrangement. Spanning nearly 130,000 square metres of land, the facility provides high-spec warehouse space with direct access to Khalifa Port.
A new joint venture in Saudi Arabia has secured its first landmark deal to provide 2.25 GW of smart solar trackers for the Bisha Solar project. Nextpower Arabia, formed by Nextpower and Abunayyan Holding, will supply the equipment to Larsen & Toubro for the massive utility-scale plant in Asir Province. The move supports the Kingdom’s National Renewable Energy Program by shifting manufacturing and supply chain operations to local soil.
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