Work has officially started on a major AI-ready data centre at Oxagon in NEOM. HUMAIN and DataVolt have partnered to build an initial 100MW phase of a larger 360MW facility on Saudi Arabia's Red Sea coast. Expected to open in 2028, the site combines renewable power, advanced cooling and high-density computing clusters. The project marks the first step in DataVolt's wider plan for a 1.5GW campus.
UAE developer Arada has entered Syria through a joint venture with the Syrian Sovereign Fund to construct a $7 billion (AED 25.7 billion) megaproject in New Damascus. Covering four million square metres, the master-planned development will deliver 11,000 homes alongside commercial, healthcare and educational facilities. The agreement represents one of the largest foreign real estate commitments in the country to date.
Developer Sun Group has commenced a 30.15 trillion VND project to renovate and enhance the West Lake area in Hanoi, Vietnam. Implemented under a Build-Transfer public-private partnership, the scheme spans 567.75 hectares. The plans focus on expanding pedestrian space along a 13.5 km lakeside road, building wharves, upgrading public parks and installing new cultural infrastructure to establish the district as a major tourism and event destination.
Hanoi officials and developer Sun Group have broken ground on a nearly 186,000 billion VND urban renovation project covering 447 hectares in Vinh Hung ward. The scheme aims to reshape the capital's central area through sustainable green development, integrating transit-oriented infrastructure, Sponge City flood management, and public parks to create a modern 15-minute city layout.
Zaha Hadid Architects has unveiled the masterplan for Baku Expo City, a 198-hectare development in Azerbaijan. The scheme accommodates population growth through diverse housing, community facilities and an expanded exhibition centre. Designed to adapt to local wind conditions and climate, the project preserves 92% of the site’s 18,000 trees while incorporating green roofs, renewable energy systems and upgraded public transport connections.
Ambassadori Island Batumi has signed a major international investment agreement with Dubai-based HOLM Developments. The UAE firm will construct a 140,000 square metre multifunctional complex on the artificial island, representing an investment of over $250 million. The deal highlights growing foreign direct investment in Georgia's real estate market, backed by secure investment frameworks and strong economic potential in the Black Sea region.
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