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.
Airbnb has launched the Airbnb Housing Accelerator, a new program pledging $250 million in last-dollar financing to unlock $5 billion in homebuilding capital. The scheme targets stalled housing developments, starting with a $6.4 million investment for 201 affordable units in Austin, Texas. Alongside capital deployment, Airbnb is supporting local policy reforms, launching a global housing index and establishing a $5 million innovation prize.
Expo 2030 Riyadh has partnered with Mohammed Al Habib Real Estate Company in a 3.2 billion SAR joint venture to construct Expo Village. The residential development will house 5,500 international delegates across 2,300 apartments during the World Expo. Following the six-month exhibition, the sustainable district will convert into a permanent residential community, supporting long-term urban growth in northern Riyadh.
The University of South Florida has broken ground on Uptown Landing, a $500 million mixed-use scheme on its Tampa campus. Formerly known as the Fletcher District, the project will deliver 700 student beds, retail units, restaurants, a hotel, and the Translational Research Institute. Constructed as a public-private partnership, the initial 30-acre phase is scheduled for completion ahead of the autumn 2028 term.
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.
Developer Sun Group has commenced a 30.15 trillion VND project to renovate and enhance the West Lake area in Hanoi, Vietnam. Implemented under a Build-Transfer public-private partnership, the scheme spans 567.75 hectares. The plans focus on expanding pedestrian space along a 13.5 km lakeside road, building wharves, upgrading public parks and installing new cultural infrastructure to establish the district as a major tourism and event destination.
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