Aldar and Mubadala Investment Company have completed an AED 654 million acquisition of The Link at Masdar City through their 2024 joint venture. The mixed-use development is fully leased to major institutions, including Masdar and MBZUAI. Covering 32,000 square metres, the site features LEED Platinum office space and residential units. This deal highlights the growing demand for high-quality, sustainable assets within Abu Dhabi’s innovation ecosystem.
Talaat Moustafa Group has unveiled "The Spine," a landmark cognitive city project in Egypt. Launched alongside Prime Minister Dr Mostafa Madbouly, the EGP 1.4 trillion development integrates artificial intelligence with urban living. The project aims to contribute 1 per cent to Egypt’s GDP and create 155,000 jobs. It features a Special Investment Zone designed to attract global corporations through digital infrastructure and simplified regulations.
Lucra and Great Linqx have partnered to launch a gamified sports entertainment concept across the United States. Using Lucra’s mobile technology, Great Linqx will offer real-money tournaments and skill-based challenges at its new mixed-use venues. The first location is set to open in 2027. The project targets mid-sized cities and aims to combine competitive gaming with community living and dining.
Asbar Capital and Ladun Investment Company have signed an agreement to develop a mixed-use project in Riyadh. Located in the Al-Munsiyah district, the development will feature a hotel, retail spaces and residential units. Construction costs are estimated to exceed 250 million riyals. Ladun will manage the design, execution and marketing for the project, which aims to maximise the value of the one billion riyal fund.
Construction has begun on the $1.2 billion redevelopment of the former Lakeforest Mall in Gaithersburg, Maryland. Led by WRS Inc., the project will transform the 102-acre site into a walkable mixed-use community. The development includes 1,450 new homes, significant retail space and 35 acres of parkland. This major urban renewal project aims to generate $1.7 billion in annual economic output upon its completion.
The State Properties General Authority and the National Center for Privatization have invited investors to express interest in the "Quality Valley" project in Riyadh. This public-private partnership aims to transform the SASO headquarters into a 191,000 square metre mixed-use development. The project includes office spaces, retail and landscaped areas. Interested parties must submit their applications by 26 April 2026 to participate in this 32 year contract.
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