KAFD DMC has signed a memorandum of understanding with Osool Integrated Real Estate Company to evaluate new property investments in Riyadh. The non-binding deal aims to address the rising demand for prime commercial and residential space within the financial district. The collaboration follows a recent SAR 12 billion financing facility raised by the district operator.
Saudi Arabia's Minister of Municipalities and Housing, Majid bin Abdullah Al-Hogail, has secured housing projects worth over 1.9 billion riyals during an official visit to China. The trip featured the signing of six major agreements alongside the launch of the Saudi-Chinese Contractors Forum. These deals form part of a broader bilateral strategy to construct 100,000 homes in the Kingdom by 2030.
The Egyptian Kuwaiti Real Estate Development Company and Hassan Allam Holding subsidiary Grova West have partnered to build a mixed-use project in West Cairo. Spanning 295 acres in Sheikh Zayed City, the venture represents an investment expected to exceed EGP 250 billion. The development will feature a blend of residential apartments, villas, commercial spaces and medical facilities managed entirely by Grova West.
Vietnamese developer Sun Group has formed a strategic alliance with Singaporean operator The Ascott Limited. The deal introduces 1,700 premium accommodation rooms across Ho Chi Minh City and Phu Quoc. Four distinct international hospitality brands will be deployed to capture diverse traveler demographics. Notably, the partnership debuts the lifestyle concepts lyf and HARRIS in Vietnam, aiming to prolong visitor stays and elevate local tourism competitiveness.
Dubai Holding Real Estate and Commercial Bank of Dubai have launched a digital home financing scheme. The programme serves UAE Nationals and residents buying off-plan or finished properties across Nakheel, Meraas and Dubai Properties. It introduces automated pre-approvals and early financing options once construction reaches 30%, offering conventional and Islamic options alongside premium banking rewards.
Developers Archi and NEXT have officially launched the Swissôtel Kobuleti Beach Resort, a 300 million dollar premium hotel and residential project in Georgia. Situated on the Black Sea coast near Batumi, the three-building complex will feature a luxury hotel, private apartments, a casino and a 3,000 square metre wellness zone. The development aims to elevate regional tourism standards and boost local employment.
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