Mawani, the Saudi Ports Authority, has finalised a SAR 29 million contract with Q Saudi for the development and operation of an integrated logistics centre at Yanbu Commercial Port. The new facility, covering 120,490 square metres, is a key component of the National Transport and Logistics Strategy, designed to elevate Saudi Arabia's global logistics standing. The project is expected to deliver significant economic returns, including attracting crucial investments from international logistics firms and creating new employment opportunities. Additionally, it will boost cargo handling volumes and enhance the overall operational efficiency of the Yanbu Commercial Port, a long-established gateway on the Red Sea.
RAK Properties has concluded its 20th anniversary year with the unveiling of Nura, a luxury resort-style residential project on Raha Island's Downtown Mina. The development features 312 units across two modern towers, offering a range of studios to four-bed penthouses with strong investment and rental appeal. Nura is centrally positioned, blending contemporary architecture inspired by the constant interaction of land and sea with a wide array of premium amenities.
The launch of Peregrine Cold Logistics by Stonepeak signals a major new investment push into the temperature-controlled supply chain sector across Asia Pacific and the GCC. Peregrine, based in Singapore, is setting out to tackle the growing regional demand for modern, high-quality cold storage and logistics solutions, driven by factors like increasing urbanisation and shifting consumption patterns.
The Inter-American Development Bank Group and the Economic Commission for Latin America and the Caribbean have launched a joint data platform to address housing shortages and urban development issues in Latin America and the Caribbean. Named Housing and Urban Intelligence, the platform is the region’s first integrated data hub of its kind, launched with support from the OECD. The platform provides over 3,000 indicators, 18 country profiles, and information from more than 500 official sources.
DigiCo Infrastructure REIT has appointed Michael Juniper as its new Chief Executive Officer and Managing Director, Digital Infrastructure. Juniper, who previously helped scale AirTrunk into a leading Asia-Pacific hyperscale platform, is expected to accelerate DigiCo’s data centre expansion to meet surging demand for cloud and AI services. DGT Chair, Joseph Carrozzi AM, welcomed the appointment, citing Juniper's exceptional track record as uniquely qualifying him to guide the company.
DarGlobal and Art District Real Estate Development have announced a major coastal project in Muscat, Oman, named MAD, the Marine, Art & Digital District. This extensive project, valued at OMR 1.6 billion (USD 4.2 billion), will transform over 1.5 million square metres of coastline over a 12-year development period. The MAD district is conceived as a multi-destination city that combines luxury residential communities, high-end hospitality, cultural venues, and advanced financial and digital industry parks.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
