The Government of Alberta has signed a major memorandum of understanding with South Korea’s Hanwha Group. This partnership aims to expand energy exports and industrial growth between the two regions. By aligning Alberta’s vast natural resources with Hanwha’s technical expertise, the deal supports Canada’s Indo-Pacific Strategy. It focuses on crude oil, hydrogen and long term defence infrastructure to strengthen economic security and trade.
Related Digital and Blackstone have secured financing for a $16 billion data centre project in Saline Township, Michigan. The campus is designed for Oracle and OpenAI to boost AI computing capacity. The development promises thousands of jobs and millions in tax revenue. It features sustainable technology such as a closed loop cooling system and incorporates a large battery storage investment to assist the local energy grid.
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.
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