Saudi Arabia’s Ministry of Municipalities and Housing has issued new regulations for transport rental offices and vehicle shelters across land, sea, and air. The updated standards aim to improve safety, accessibility, and service quality, while opening new investment avenues and enhancing the overall travel and mobility experience.
Megaworld Corp. has launched a P2-billion share buyback programme while allocating P2.21 billion raised from its listed REIT unit to township developments in Cebu, Palawan and Bacolod. The company said the buyback would enhance shareholder value, while proceeds from MREIT will support ongoing projects due for completion in 2028.
PredictAP has secured an additional $5 million in funding, rounding off a year of significant growth and expansion. The company now serves over 100 clients, processes more than 4 million invoices annually, and continues to enhance its AI-driven accounts payable automation technology for the real estate sector.
Sempra has announced the $10 billion sale of a 45% stake in Sempra Infrastructure Partners to a KKR-led consortium and reached a final investment decision for Port Arthur LNG Phase 2, moves that bolster its transition towards a U.S. utility-focused growth strategy.
QuadReal Property Group has committed over £2.5 billion to expand its commercial real estate debt platform into the UK and Ireland, with plans to extend further across Europe. The initiative builds on the firm’s North American success and focuses on sectors including housing, data centres and industrial property.
Arada has entered the UK market with the acquisition of a 75% stake in London-based Regal. Rebranded as Arada London, the deal includes AED2.5 billion in investment to accelerate delivery of 10,000 residential units, with plans to triple the pipeline over three years.
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