Sun Group, Vietnam National Petroleum Group (Petrolimex) and National Commercial Bank (NCB) have signed strategic cooperation agreements in Phu Quoc. The deal expands linkages across energy, finance, aviation and tourism ahead of the APEC 2027 summit. The alliance includes sustainable aviation fuel research, electric vehicle charging rollout and dedicated banking solutions, strengthening operational capacity and green transformation initiatives across the region.
Global investment firm Sixth Street has formed a co-operative agreement with Lloyds to fund the UK commercial real estate sector. The partnership will deploy Sixth Street's Asset Based Finance platform to provide property borrowers with scaled, flexible financing. The deal combines Sixth Street's London-based finance and global real estate teams to expand lending opportunities across the country while maintaining strict underwriting standards.
Saudi developer ROSHN Group and Talaat Moustafa Group Saudi have signed a preliminary agreement to set up a joint venture for a major mixed-use development in Riyadh. TMG Saudi will hold a 51% stake and ROSHN Group will hold 49%. Initial studies indicate the project could deliver over 55,000 residential units alongside commercial, healthcare, educational, and leisure amenities.
Bahrain will host the International Tourism Investment Forum (ITIF) from 10 to 12 January 2027 in partnership with UN Tourism. Held under the patronage of HRH Prince Salman bin Hamad Al Khalifa, the event brings together government ministers, investors and financial institutions. The hosting agreement was signed at Arabian Travel Market 2026 to highlight Bahrain's tourism investment opportunities to a global audience.
Ares Real Estate and PSP Investments have launched a new joint venture targeting up to $2.4 billion in US logistics property. The partnership combines Ares’ operational platform with PSP Investments’ capital, focusing on prime industrial markets across the US. Sourced by Marq Logistics, the venture launches with a 5.2 million-square-foot seed portfolio spread across 14 properties in key regions including California, Texas and New Jersey.
Central Asian nations and South Korea have established a new industrial cooperation platform following an inaugural ministerial meeting in Seoul. Industry leaders gathered to discuss trade, technical infrastructure, critical minerals and artificial intelligence in manufacturing. The talks produced a joint memorandum on supply chains, along with a bilateral agreement between Uzbekistan and South Korea to set up a dedicated strategic mineral development platform.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
