MIDAR for Investment and Urban Development has signed a multi-billion pound agreement to establish the first social sports club in the third phase of Mostakbal City. Occupying 42 feddans, the EGP 3 billion project is being developed in collaboration with Alexandria Sporting Club’s investment arm. The facility will offer world-class sports courts, fitness centres and social areas, with the first phase set to open in early 2027.
Umm Al Qura for Development and Construction Company has entered into a new partnership to further the growth of the Masar Destination in Makkah. The firm signed a non-binding memorandum of understanding with BIM Capital and Ajbal Real Estate Development Company to create a private real estate fund. With a target capital of 221,000,000 Saudi Riyals, the venture focuses on the construction of new hotel units. This move aligns with the company strategy of using joint ventures to deliver large-scale urban projects.
The Royal Commission for Riyadh City (RCRC) has unveiled Package 3 of its massive road development programme. This latest phase involves six major projects with a budget exceeding SAR 8 billion. Aimed at modernising the capital's transport network, the initiative aligns with Saudi Vision 2030 to turn Riyadh into a global logistics and mobility hub. Construction is expected to take between three and four years.
AirTrunk has secured a new site in Melbourne's north-west for a massive 354MW hyperscale data centre campus. The A$5 billion MEL2 project will take the company's total Victorian investment to A$7 billion and support Australia's recently launched National AI Plan. It is estimated that the development will create 4,000 construction jobs and over 200 permanent roles.
Modon has awarded an AED 5 billion construction contract for the Nawayef East and Nawayef West developments on Hudayriyat Island, marking Abu Dhabi's biggest residential deal of 2025. The project will see 735 luxury villas built on record-breaking man-made hills, some rising up to 55 metres high. This landmark agreement follows earlier infrastructure works as the island continues its transformation into a premier residential hub.
New Murabba has formalised a strategic partnership with Saudi Arabia's Ministry of Municipalities and Housing to streamline urban development in Riyadh. The agreement covers land use integration, green space expansion and the adoption of global best practices for infrastructure. By aligning architectural identities and smart city strategies, the two bodies aim to deliver a sustainable modern downtown. The deal also focuses on traffic safety and community participation as part of the broader Saudi Vision 2030.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
