H.E. Saleh bin Nasser Al-Jasser, the Minister of Transport and Logistic Services, has inaugurated the Agility Logistics Park – Jeddah. This massive project represents a SAR 611 million private-sector investment by Agility Logistics Parks (ALP). The complex spans over 576,760 sqm and includes six Grade-A warehouses built to high international standards. Strategically located near Jeddah Islamic Port, the park is designed to serve high-growth sectors including e-commerce, retail, and technology.
Dar Al Majed Real Estate has entered a major partnership with the Jadwa 47 Fund, managed by Jadwa Investment Company, to build a high-quality mixed-use project in Riyadh. The development, located on King Salman Road next to the SABB station, covers over 8000 square meters. Its estimated total development cost is approximately one billion riyals. Dar Al Majed will act as the exclusive developer and holds an option to invest 50 million riyals in the fund
Nigerian billionaire Aliko Dangote, head of Dangote Industries Limited (DIL), has signed a $1 billion investment agreement with the Zimbabwean government. The deal was formalised following a meeting with President Emmerson Mnangagwa in Harare. The funds will be directed towards key strategic sectors in Zimbabwe. These include cement manufacturing, power generation, fertiliser production and infrastructure. The cornerstone of the investment is a petroleum pipeline project.
DAMAC Properties has launched DAMAC Islands 2, its seventh master community in Dubai, with a focus on redefining waterfront living. The development draws inspiration from eight picturesque island destinations including Antigua and Mauritius. Building on the success of DAMAC Islands, the new project features crystal lagoons, lush landscapes and wellness-focused designs. The launch event at the Coca-Cola Arena was hosted by Hussain Sajwani and Amira Sajwani. Star appearances were made by Bollywood actors Ranbir Kapoor and Alia Bhatt.
Aldar has finalised a deal with AD Ports Group to acquire two institutional-grade logistics assets in KEZAD for AED 570 million. The transaction significantly expands Aldar’s industrial and logistics footprint across the UAE. The acquired Grade A facilities are fully leased to Noon and Emtelle. The assets benefit from direct connectivity to Khalifa Port and Etihad Rail. This acquisition aligns with Aldar’s strategy to scale its recurring income platform.
UN Tourism has partnered with UMusic Hospitality & Lifestyle (UMHL) and the Center for Music Ecosystems (CME) to leverage music tourism for job creation and economic growth in high-growth economies. The new Memorandum of Understanding, announced at the UN Tourism General Assembly in Riyadh, aims to position the creative industries as a transformative force through tourism. The collaboration will use the influence of global figures, including newly appointed UN Tourism Ambassador Khabane Lame, to promote music as a viable path to economic mobility.
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