Aldar and the Department of Municipalities and Transport have formed a massive public-private partnership to transform Abu Dhabi's urban landscape. The deal activates 20 million square metres of land across five locations to create integrated communities. These developments include affordable rental housing, lifestyle districts and the first-ever residential project on Al Mihsinah Island. The project focuses on walkable neighbourhoods, green spaces and enhanced connectivity.
Hyatt Hotels Corporation has signed a major master franchise agreement with Dossen Group to launch the Hyatt Select brand in the Chinese mainland. This strategic partnership focuses on the upper-midscale sector, combining Hyatt’s international reputation with Dossen’s extensive local network. The move aims to meet rising demand for affordable quality among modern travellers while providing flexible, high-value development opportunities for hotel owners across the region.
Construction has officially begun on the civil aviation component of Phan Thiet Airport, a project valued at over 3,900 billion VND. Led by Sun Group, the 4E-standard airport is expected to be completed within two years. Located in Mui Ne, the facility features a Champa-inspired terminal designed to handle two million passengers annually, marking a significant milestone for regional connectivity and tourism.
The Halan AZ Real Estate Investment Fund has fully closed its first hospitality tranche, marking a successful entry into Egypt’s income-generating asset market. Partnering with Brassbell Hospitality Group, the fund is converting heritage buildings in Cairo into institutional-grade assets. With plans to develop 700 keys in 2026, the project aligns with national goals to expand tourism capacity following record-breaking sector revenues in 2025.
Vietnam’s Sun Group has entered a US$2.3 billion strategic partnership with Chinese design firm Gold Mantis. The deal focuses on high-end interior architecture and technology for major national works. A primary objective is the development of infrastructure for the APEC 2027 Conference in Phu Quoc. This collaboration aims to bring international design standards and advanced building information modelling to Vietnam’s burgeoning construction sector.
Lucra and Great Linqx have partnered to launch a gamified sports entertainment concept across the United States. Using Lucra’s mobile technology, Great Linqx will offer real-money tournaments and skill-based challenges at its new mixed-use venues. The first location is set to open in 2027. The project targets mid-sized cities and aims to combine competitive gaming with community living and dining.
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