Phat Dat Real Estate Development and Lotte Properties HCMC have signed a Memorandum of Understanding to collaborate on the Thu Thiem Eco Smart City project in Ho Chi Minh City. The large-scale urban complex will feature offices, retail malls, hotels and luxury apartments. The venture aims to establish a new international financial center by blending local development strengths with global real estate expertise.
The Real Estate Institute of Queensland has formed a landmark partnership with global venture fund Second Century Ventures to boost property technology. The organizations signed a Memorandum of Understanding to fund and support technology startups across Australia. The initiative combines global investment with local market intelligence to address complex housing challenges, positioning Queensland as a prime regional hub for digital real estate innovation.
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.
South Korea's KIND has signed a strategic partnership with Indonesia's new $900 billion sovereign wealth fund, Danantara. The agreement covers comprehensive cooperation in transportation, renewable energy and urban development. Beyond domestic projects like Jakarta data centres, the two nations plan to pursue joint infrastructure opportunities in ASEAN markets and Saudi Arabia, leveraging Korean technological expertise and Indonesian capital.
Hyundai Engineering & Construction has joined forces with 17 financial institutions to secure the Apgujeong District 3 and 5 redevelopment. Through the new "H-Finance Solutions" programme, the builder provides a financial safety net for members. This initiative covers relocation costs and interim payments to shield residents from market volatility. By treating the area as a single business district, the company ensures long-term stability for this major Seoul project.
Cinnamon Hotels & Resorts and Walkers Tours have signed a Memorandum of Understanding with the National Olympic Committee of Sri Lanka. This agreement establishes a formal framework for hospitality and transport to support international athletes and Olympic officials. By aligning private sector expertise with the national sporting body, the partners aim to improve Sri Lanka's ability to host major tournaments and training camps.
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