Elsewedy Industrial Development has signed a major agreement with Kunming Chuanjinnuo Chemical Co. (CJN) to build a phosphate chemical industries complex in Egypt. The project will be located in Sokhna 360 and involves a total investment of nearly USD 1 billion. It aims to produce fertilisers, specialty chemicals and electric vehicle battery materials. The initiative is expected to create 10,000 jobs and position Egypt as a regional hub for new energy materials.
The Social Hub has unveiled proposals for a £200 million hospitality and community complex in Edinburgh’s Fountainbridge, marking its second UK venture. The project would bring a 560-bed hybrid hotel, coworking areas, and public spaces to the long-derelict former Fountain Brewery site, aligning with wider regeneration plans for the neighbourhood.
OYO parent PRISM–backed OYO Assets has raised INR 125 crore in new investment led by InCred, strengthening its plans to acquire hotels across India’s premium and mid-premium segments. The funding will support expansion into key leisure and business destinations while reinforcing the company’s asset management strategy and ongoing hotel acquisition pipeline.
Mira Real Estate has rebranded as Mira International as part of a major growth strategy that includes appointing Aldo De Jager as CEO and launching a 30-branch global expansion. The Dubai-based brokerage said the move signals its shift toward operating an international network with unified service standards across markets.
First Capital REIT has secured overwhelming unitholder approval for its internal reorganisation plan, with more than 99% support at a special meeting in Toronto. The proposal now moves to a court hearing scheduled for 27 November, with the REIT expecting the arrangement to take effect by the end of the month, subject to final approval.
Rikaz, a leading Saudi real estate developer, has forged a strategic cooperation agreement with global design firm PLP Architecture to create the distinctive Rikaz Tower in Al Khobar. Announced at Cityscape 2025, the 63,780 square metre mixed-use development near the Corniche will feature two towers: one for private apartments and another for a luxury 150-room hotel and 80 branded hotel-serviced residential units. It is a key investment in the luxury hospitality and residential markets with an expected launch in 2026.
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