Abu Dhabi developer Aldar and Sharjah-based Arada have entered into a landmark strategic partnership worth approximately AED 15 billion. Marking Arada's entry into the Abu Dhabi property market, the agreement involves co-developing a 1.5 million square metre mixed-use masterplan at Seih Sdeirah and acquiring three residential plots on Yas Island to deliver premium lifestyle communities.
Sellafield Ltd has selected its preferred partners for the Project and Asset Care Execution (PACE) framework, a £3.6 billion initiative to deliver site-wide asset maintenance and construction. The initial nine-year framework covers process handling, decommissioning, and nuclear infrastructure. It focuses on off-site construction, local employment, apprenticeship investment, and small-business supply chain opportunities across West Cumbria through 2041.
Saudi Arabia's RUA AlHaram AlMakki and Rua Al Madinah Holding have signed two strategic collaboration agreements with Brunei's TAIB in Bandar Seri Begawan. The partnership opens investment channels for real estate developments in Makkah and Madinah, including a joint venture within Makkah's King Salman Gate destination with an estimated gross development value of SAR 9.7 billion.
A new joint venture between Innovo Build and REDCON Construction has secured a contract exceeding 12 billion Egyptian pounds for Modon Developments' flagship project in Egypt. The alliance will deliver infrastructure and contracting works for the "DP03 East" package at "Wadi Yam" in Ras El Hekma. Spanning 323,000 square metres, the 21-month project includes over 660 residential units, a commercial mall, scenic lakes, landscaping, and road paving.
Grova Developments, the real estate arm of Hassan Allam Holding, has appointed Hassan Allam Construction to build Grova Westfields in West Cairo under a USD 1 billion contract. Spanning 303 acres in Sheikh Zayed, the development features a five-star hotel, branded residences, luxury villas, and apartments. Delivered with Egyptian Kuwaiti Company for Real Estate Development, it follows the company's recent expansions in Cairo and Riyadh.
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.
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