Arlington City Council has backed a major redevelopment scheme to turn 7.3 acres of central surface parking into a multi-purpose complex. Private firm Trammell Crow Company will construct at least 390 homes, commercial space and a 600-car garage, investing over $123 million. The municipality retains land ownership whilst acquiring a new Water Utilities office, infrastructure and 197 free public parking spaces under a 99-year lease agreement.
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.
Marriott International and LG Electronics have teamed up to create a cloud-based in-room entertainment and technology platform. The new system merges LG's hardware capabilities with Marriott's enterprise tech infrastructure. Rolling out initially as a pilot project across 40 properties in the United States and Canada, the hotel chain aims to eventually launch the technology across its participating global portfolio.
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.
Sun Hospitality & Entertainment has upgraded its strategic partnership with booking platform Klook to drive digital transformation across Vietnam's tourism sector. Signed during the Kreatorverse Summit 2026 in Phu Quoc, the agreement focuses on applying artificial intelligence, customer data and next-generation technologies to personalise travel experiences. The initiative targets key international markets to capture rising global demand for Vietnamese destinations.
Saudi Arabia's National Housing Company (NHC) has signed a memorandum of understanding with French energy firm EDF during the Saudi-French Investment Roundtable in Paris. Signed in the presence of HRH Crown Prince Mohammed bin Salman and French President Emmanuel Macron, the agreement focuses on solar energy, electrical infrastructure, electric vehicle charging and carbon reduction across NHC urban developments, supporting Saudi Vision 2030 housing goals.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
