Alvarez & Marsal has expanded its Middle East Real Estate, Travel, Hospitality and Leisure practice. Led by Yousef Wahbeh, the senior team will advise sovereign wealth funds, governments and developers as major regional projects move into operational phases. The move responds to growing demand for hands-on execution advisory across the region.
Developer Sun Group has commenced a 30.15 trillion VND project to renovate and enhance the West Lake area in Hanoi, Vietnam. Implemented under a Build-Transfer public-private partnership, the scheme spans 567.75 hectares. The plans focus on expanding pedestrian space along a 13.5 km lakeside road, building wharves, upgrading public parks and installing new cultural infrastructure to establish the district as a major tourism and event destination.
Ayala Land is expanding its residential pipeline by introducing new lot offerings across master-planned estates in South and Central Luzon. Driven by end-user demand and normalised inventory levels, the launch spans new phases in Nuvali, Laguna and Lipa, Batangas, along with a fresh development in Tarlac's Cresendo estate. The projects benefit from regional economic activity and major infrastructure links, including CALAX and the North-South Commuter Railway.
Hanoi officials and developer Sun Group have broken ground on a nearly 186,000 billion VND urban renovation project covering 447 hectares in Vinh Hung ward. The scheme aims to reshape the capital's central area through sustainable green development, integrating transit-oriented infrastructure, Sponge City flood management, and public parks to create a modern 15-minute city layout.
Enbridge has entered a C$2.7 billion joint venture with KKR and Apollo to fund the expansion of its Westcoast natural gas pipeline in British Columbia. Under the deal, KKR and Apollo will acquire a 29% indirect interest in the network upon completion of the Sunrise project in 2028. Enbridge retains operational control, majority ownership and an option to repurchase the stake after seven years.
Saudi Arabia's National Housing Company (NHC) has signed a memorandum of understanding with French energy firm EDF during the Saudi-French Investment Roundtable in Paris. Signed in the presence of HRH Crown Prince Mohammed bin Salman and French President Emmanuel Macron, the agreement focuses on solar energy, electrical infrastructure, electric vehicle charging and carbon reduction across NHC urban developments, supporting Saudi Vision 2030 housing goals.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
