RUA Al-Haram Al-Makki Company has signed a collaboration deal with Malaysia’s MRCB International to explore a SAR 21 billion transit-oriented development within Makkah's King Salman Gate scheme. The proposal features a public bus terminal integrated with residential, commercial and retail elements. Designed to improve transport links for global pilgrims, the initiative supports Saudi Vision 2030 goals while maintaining local heritage.
Japanese trading firm Mitsubishi Corporation has agreed to acquire an additional stake in Philippine conglomerate Ayala Corporation for approximately JPY 120 billion. The deal follows a share repurchase by Ayala through a tender offer, raising Mitsubishi’s voting interest to 20 per cent upon completion in FY2026. The expanded strategic alliance will target growth across financial services, telecommunications, retail, real estate and energy sectors in the Philippines.
Vietnamese conglomerate Sun Group has secured strategic agreements with US firms Visa, Marriott International and Boeing during an official state visit to New York. The partnerships span digital payment integration, hotel expansion and aerospace development. The moves follow Vietnam’s Politburo Resolution No. 26-NQ/TW, which aims to position tourism as a primary economic driver and grow the sector to contribute 12 to 14 per cent of national GDP.
Autonomous Solutions, Inc. (ASI) has partnered with SoftBank Group to form a new joint venture aiming to scale autonomous construction equipment for major infrastructure developments. Supported by SoftBank's financial backing alongside a separate $225 million direct investment, the venture will accelerate the commercialisation of hardware and software solutions that allow mixed fleets of heavy machinery from various manufacturers to operate autonomously across complex job sites.
Asia-Pacific real asset manager ESR has signed an agreement to acquire full ownership of Aquila Clean Energy APAC from Hamburg-based Aquila Group. The deal adds a 1.6 GW clean energy portfolio across key markets including Australia, Japan and South Korea. By integrating solar, wind and battery assets with its logistics and data centre operations, ESR aims to meet surging power demand across the region.
JLL has announced a major leadership succession plan for its Irish operations. Deirdre Costello will assume the role of CEO Ireland in January 2027, succeeding John Moran, who moves into the reintroduced Chairman role. Dan O’Connor takes over as Head of Capital Markets and Hotels with immediate effect. The moves draw on over 90 years of combined firm experience to drive future growth across the country.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg.webp)
