IRHM, Your Global Window into Real Estate and Hospitality

November 6, 2026

PPP

Bahrain Real Estate Investment Company (Edamah) and Kanoo Real Estate have partnered to construct Pier 1890, a new waterfront commercial and leisure scheme on the Manama Corniche. Unveiled at Gateway Gulf 2026, the 11,000 square metre development will house 25 units, including restaurants, cafes and retail spaces. The project supports public-private cooperation and aligns with the goals of Bahrain Economic Vision 2030.
Bahrain has announced USD 3.89 billion in investment following the award of Golden Licenses to four large-scale projects at Gateway Gulf 2026. Spanning aviation logistics, real estate and technology, the initiatives feature investments from DHL, Capital A, Meliá in partnership with Infracorp, and Digital City Bahrain. The projects support long-term economic diversification, with non-oil activity representing approximately 86% of national GDP.

Hanoi City People's Council has selected Sun Group subsidiary Sun Capital Real Estate Joint Stock Company to deliver two key components of a VND 22,229 billion redevelopment project around Hoan Kiem Lake. Covering 66.82 hectares across Hoan Kiem and Cua Nam wards, the initiative includes an underground commercial centre, public plazas and landscape upgrades under a PPP model, alongside publicly funded land clearance.
Gilbane Development and Western Kentucky University have broken ground on The Southern Gateway, marking the first phase of a $350 million public-private partnership called "Elevate WKU". Designed to replace older residence halls, the 1,000-bed student housing scheme will feature suite-style rooms, study areas, dining spaces and a multipurpose classroom. Construction is slated for completion in autumn 2028.

Abu Dhabi developer Eagle Hills has signed a framework agreement with Syria's Ministry of Public Works and Housing to construct residential and tourism projects across the country. Initial developments include Damascus Heights in the capital and Latakia Yachts & Marina on the Mediterranean coast. The projects aim to generate employment, support local businesses and expand housing and leisure amenities, with preparatory works set to begin soon.

Saudi Arabia's Ministry of Municipalities and Housing has signed agreements with Weshah Co. and local landowners to develop four residential projects in Riyadh. The initiative targets the Al-Aarid and Al-Narjis neighbourhoods, aiming to transform undeveloped land into integrated housing options. The scheme supports public partnerships designed to boost market supply and accelerate homeownership goals under Saudi Vision 2030.

In Focus

Latest