Aldar has finalised a deal with AD Ports Group to acquire two institutional-grade logistics assets in KEZAD for AED 570 million. The transaction significantly expands Aldar’s industrial and logistics footprint across the UAE. The acquired Grade A facilities are fully leased to Noon and Emtelle. The assets benefit from direct connectivity to Khalifa Port and Etihad Rail. This acquisition aligns with Aldar’s strategy to scale its recurring income platform.
Dubai Investments Park Angola, the country’s first integrated economic zone, has signed a significant land deal with UAE developer Reportage Group for two massive residential communities. The ambitious project will deliver two gated communities, one luxury ocean-facing and one mid-market hilltop development, featuring over 4,500 villas and townhouses, a boutique hotel, and substantial retail space.
TA’ZIZ, a joint venture between ADNOC and ADQ, has awarded a $1.99 billion Engineering, Procurement and Construction (EPC) contract to China National Chemical Engineering & Construction Corporation Seven, Ltd. (CC7). The contract is for constructing the UAE's first integrated, single-site polyvinyl chloride (PVC) production complex, which will be one of the top three largest globally. The Phase 1 ecosystem is expected to contribute $50 billion to the national economy and create 26,000 jobs.
Harleyford Capital and Fiera Real Estate have secured a £25.5 million debt facility from QuadReal Property Group to fund Watford Works, a 180,000 sq ft Grade A logistics scheme in London. The project, targeting BREEAM Outstanding and EPC A+ ratings, is due for completion in Q4 2026.
Sumou Real Estate Company has signed a SAR135 million ($36.01 million) contract with Diyar Real Estate Development Company, managed by Sedco Capital, to deliver infrastructure works for a 960,000-sq-m project in Jeddah’s North Obhur district. The two-year project is expected to positively impact Sumou’s financial performance.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
