Mawani, the Saudi Ports Authority, has finalised a SAR 29 million contract with Q Saudi for the development and operation of an integrated logistics centre at Yanbu Commercial Port. The new facility, covering 120,490 square metres, is a key component of the National Transport and Logistics Strategy, designed to elevate Saudi Arabia's global logistics standing. The project is expected to deliver significant economic returns, including attracting crucial investments from international logistics firms and creating new employment opportunities. Additionally, it will boost cargo handling volumes and enhance the overall operational efficiency of the Yanbu Commercial Port, a long-established gateway on the Red Sea.
The launch of Peregrine Cold Logistics by Stonepeak signals a major new investment push into the temperature-controlled supply chain sector across Asia Pacific and the GCC. Peregrine, based in Singapore, is setting out to tackle the growing regional demand for modern, high-quality cold storage and logistics solutions, driven by factors like increasing urbanisation and shifting consumption patterns.
DigiCo Infrastructure REIT has appointed Michael Juniper as its new Chief Executive Officer and Managing Director, Digital Infrastructure. Juniper, who previously helped scale AirTrunk into a leading Asia-Pacific hyperscale platform, is expected to accelerate DigiCo’s data centre expansion to meet surging demand for cloud and AI services. DGT Chair, Joseph Carrozzi AM, welcomed the appointment, citing Juniper's exceptional track record as uniquely qualifying him to guide the company.
The Anambra State Government is moving ahead with its ambitious low-cost housing initiative after resolving last-minute bureaucratic and contractual issues. The scheme aims to construct 10,000 affordable homes for civil servants and low-income households in the Isiagu area of Awka South Local Government. The project, which has been approved by Governor Chukwuma Charles Soludo, will be executed via a Public–Private Partnership (PPP) arrangement with real estate developers.
Researchers at the Technical University of Munich (TUM) have launched the GlobalBuildingAtlas, the first high-resolution 3D map of all buildings worldwide. The open dataset includes 2.75 billion building models captured in 2019 satellite imagery, making it the world's most comprehensive collection of its kind. The data is crucial for climate research and supporting the UN Sustainable Development Goals.
New Murabba, a Public Investment Fund company, and the U.S. Green Building Council (USGBC) have signed a Memorandum of Understanding in Washington, D.C., establishing a framework to explore collaboration in sustainable urban development. The agreement focuses on applying global sustainability frameworks like LEED across the New Murabba project. New Murabba has also joined the USGBC as a Platinum member, signalling a deep commitment to sustainability leadership in creating a new destination in Riyadh.
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