Aldar and Mubadala Investment Company have completed an AED 654 million acquisition of The Link at Masdar City through their 2024 joint venture. The mixed-use development is fully leased to major institutions, including Masdar and MBZUAI. Covering 32,000 square metres, the site features LEED Platinum office space and residential units. This deal highlights the growing demand for high-quality, sustainable assets within Abu Dhabi’s innovation ecosystem.
Vietnam and the US are looking to increase cooperation in infrastructure and logistics following a high level meeting in Hanoi. Deputy Minister of Construction Nguyen Tuong Van met with a 52 company delegation from the US-ASEAN Business Council to discuss transport and urban projects. The talks focused on aviation, seaports and smart city development as Vietnam seeks to solidify its position in the global supply chain.
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.
The UK Government has officially granted a Development Consent Order for the Springwell Solar Farm in Lincolnshire. This major planning approval allows the joint project between EDF power solutions limited and Luminous Energy to move toward the construction phase. Once it is fully operational, the site is expected to generate enough renewable electricity to supply more than 180,000 homes every year, helping to secure the UK's future energy mix.
South Korea's KIND has signed a strategic partnership with Indonesia's new $900 billion sovereign wealth fund, Danantara. The agreement covers comprehensive cooperation in transportation, renewable energy and urban development. Beyond domestic projects like Jakarta data centres, the two nations plan to pursue joint infrastructure opportunities in ASEAN markets and Saudi Arabia, leveraging Korean technological expertise and Indonesian capital.
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