Saudi Arabia's Minister of Municipalities and Housing, Majid bin Abdullah Al-Hogail, has secured housing projects worth over 1.9 billion riyals during an official visit to China. The trip featured the signing of six major agreements alongside the launch of the Saudi-Chinese Contractors Forum. These deals form part of a broader bilateral strategy to construct 100,000 homes in the Kingdom by 2030.
Dubai developer Emaar Properties has announced plans for an AED 200 billion master-planned district designed to accommodate nearly 150,000 residents. Spanning a built-up area of more than 4.5 million square metres, the self-sustaining urban project will integrate high-rise towers, luxury enclaves and commercial spaces. The development centers on a 20-minute city layout linked to the Dubai Metro network.
Vietnamese developer Sun Group has formed a strategic alliance with Singaporean operator The Ascott Limited. The deal introduces 1,700 premium accommodation rooms across Ho Chi Minh City and Phu Quoc. Four distinct international hospitality brands will be deployed to capture diverse traveler demographics. Notably, the partnership debuts the lifestyle concepts lyf and HARRIS in Vietnam, aiming to prolong visitor stays and elevate local tourism competitiveness.
Figure Technology Solutions has secured a definitive $717 million deal to acquire AI lending platform Kiavi. The transaction, backed by a joint venture with Sixth Street, aims to transition billions in residential investment loans onto blockchain rails. This integration will leverage Figure's new AI tool, Adaptor, to automate data onboarding, targeting a 60 per cent medium-term EBITDA margin.
Neural Earth has introduced Prometheus, an AI-powered decision intelligence platform built to modernise property risk analysis for insurers and real estate investors. Launched on 9 June 2026 in Miami, the system unifies data from satellite imagery, sensors and insurance policies. It replaces legacy manual workflows with real-time analytics to help firms rapidly assess climate risk, manage exposure and evaluate asset data before allocating capital.
Hellmann Worldwide Logistics has started construction on a new automotive logistics hub in Dubai's Jebel Ali Free Zone. The dedicated 28,000 square metre facility is designed to meet the growing regional demands of the automotive sector, offering scalable distribution across the GCC, Africa and international markets.
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