CPP Investments and Brookfield Asset Management have launched the Maple Fund, a joint scheme targeting up to C$50 billion in equity investments. The five-year venture aims to fund major Canadian infrastructure projects and strategic industries. Each partner will supply up to C$25 billion on an equal split, targeting large-scale initiatives valued over C$5 billion while allowing third-party investor participation on select projects.
Expo 2030 Riyadh has partnered with Mohammed Al Habib Real Estate Company in a 3.2 billion SAR joint venture to construct Expo Village. The residential development will house 5,500 international delegates across 2,300 apartments during the World Expo. Following the six-month exhibition, the sustainable district will convert into a permanent residential community, supporting long-term urban growth in northern Riyadh.
Dubai Holding has awarded an AED 5 billion construction contract to China State Construction Engineering Corporation Middle East (CSCEC ME). Witnessed by Sheikh Ahmed bin Saeed Al Maktoum, the Group's largest contract to date finances the construction of its new group headquarters and Jumeirah Residences Emirates Towers. Designed by Skidmore, Owings & Merrill and SCDA Architects respectively, the developments will be completed in 2029 and 2030.
The University of South Florida has broken ground on Uptown Landing, a $500 million mixed-use scheme on its Tampa campus. Formerly known as the Fletcher District, the project will deliver 700 student beds, retail units, restaurants, a hotel, and the Translational Research Institute. Constructed as a public-private partnership, the initial 30-acre phase is scheduled for completion ahead of the autumn 2028 term.
Suntex Enterprises has signed a Letter of Intent to launch a North American real estate initiative exceeding $1 billion over five years. Anchored by two Alberta projects expected to generate $575 million, the company plans to build, own and monetise master-planned sites in Canada and the US. Suntex is also divesting its beverage arm for $5 million to fund growth.
Saudi Arabia's Public Investment Fund has established the Gulf Coast Development Company to build a major coastal scheme in Al-Khafji. Spanning 20 square kilometres with a 10-kilometre waterfront, the site will feature 16,000 homes, 1,400 hotel rooms and dedicated marinas. The initial phase will deliver three neighbourhoods by 2030 in partnership with private sector investors.
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