Lagos State has signed a two-year partnership with the Institution of Public-Private Partnerships Hong Kong to advance its infrastructure goals. The deal was formalised during the 19th Asian Financial Forum in Hong Kong this January. The agreement focuses on technical collaboration and knowledge sharing to support the THEMES+ development agenda in Lagos. Special Adviser Mrs Bukola Odoe led the Nigerian delegation to secure improved access to global investment networks and best practices.
A new joint venture in Saudi Arabia has secured its first landmark deal to provide 2.25 GW of smart solar trackers for the Bisha Solar project. Nextpower Arabia, formed by Nextpower and Abunayyan Holding, will supply the equipment to Larsen & Toubro for the massive utility-scale plant in Asir Province. The move supports the Kingdom’s National Renewable Energy Program by shifting manufacturing and supply chain operations to local soil.
Al Saedan Real Estate has entered a major strategic partnership with Serpentine Lake Capital and SGI Real Estate to launch SL Property, an investment platform valued at SAR 1.5 billion. The initiative aims to develop a range of projects across Saudi Arabia, including residential communities, commercial hubs and digital infrastructure. By combining local development heritage with international asset management, the partners seek to deliver high-quality assets that support the Kingdom's economic diversification goals under Vision 2030.
Lithuanian developer Darnu Group has announced plans to invest EUR 80 million into real estate projects throughout 2026, marking an 84 per cent rise in funding compared to the previous year. The vast majority of this capital is earmarked for residential housing, with a primary focus on the expansion of the popular Sakai district in Vilnius and the launch of the ambitious Launagiai project. Outside of housing, the company is continuing work on major industrial infrastructure, including a state-of-the-art logistics hub.
Emirates Airline has confirmed a major land deal with Dubai Investments Park to build a massive residential complex for its staff. This multi-billion-dirham project will eventually house 12,000 cabin crew members across 20 modern buildings. The site is positioned perfectly between Dubai’s two main airports to support the airline as it grows and moves operations. Construction is due to start in just a few months with the first residents moving in by 2029.
BNW Developments has entered a major strategic partnership with China Railway No. 4 Engineering Group Co. Ltd. (CREC4) to accelerate its construction projects in Ras Al Khaimah. The collaboration is valued at approximately AED 1 billion and aims to utilize the engineering expertise of the Fortune 500 subsidiary to deliver high-end waterfront destinations. This move follows the completion of initial site works on several BNW projects and marks a shift into a high-speed execution phase for the developer.
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