IRHM, Your Global Window into Real Estate and Hospitality

May 19, 2026

Regional Insights

Global-Estate Resorts, Inc. (GERI), a subsidiary of Megaworld, is set to turn over P11 billion worth of projects this year. The deliveries include residential units and commercial lots across several provinces in the Philippines, including Cavite, Laguna, Batangas, Rizal and Aklan. This move follows sustained demand for integrated tourism and leisure townships located outside Metro Manila as buyers seek a blend of nature and modern convenience.
UNESCO and Sudan’s Northern State have agreed to increase cooperation to protect vital archaeological sites. During a high-level meeting, officials discussed emergency conservation for the Gebel Barkal world heritage site and the future nomination of the Kerma site. The Governor confirmed new administrative measures to register all historical land. This partnership aims to safeguard Sudan’s cultural assets and support Dongola’s recent designation as the Capital of Tourism 2026.
The world’s largest real estate franchise by agent count is expanding its footprint in Europe. Keller Williams has officially awarded a new master franchise in Croatia. This move brings the total number of European regions for the brand to 21. Led by Boris Batelic, the firm plans to launch its first market center in the second quarter of 2026 to drive structural change in the local market.
Real estate giant REMAX has announced a major expansion of its global network with the sale of master franchise rights in Libya and a new office opening in Azerbaijan. The Tripoli-based Libyan operation is led by experienced owners Zyead and Alhareth Ghattour. In Baku, entrepreneur İdris Cengiz has launched a 2,000 square foot facility to serve a growing market. These moves increase the brand's presence to more than 120 countries and territories.
Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, has launched municipal and development projects in Al-Ahsa worth SAR992 million. The initiative includes a new hackathon for housing solutions and a campaign to improve the urban landscape. Key agreements were signed, including investment contracts worth SAR50 million and nine community partnerships. The plans also feature three new parks, aligning with the Quality of Life Program under Saudi Vision 2030.
Architectural firm RMJM has presented its latest mixed-use project in Riyadh’s Al Qairawan district. The development is characterised by a contemporary interpretation of Salmani design principles, using textured façades and vertical fins to manage the local climate. By breaking the massing into a collection of varied volumes, the design incorporates green terraces and shaded pedestrian colonnades at street level.

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