Watts Water Technologies Inc., a world leader in water solutions, has successfully purchased Saudi Cast. This strategic purchase was completed on December 1, 2025. It was financed using Watts’ existing cash reserves. Saudi Cast brings annualised sales of about $20 million to Watts. The acquired business will now operate within the APMEA regional segment. The move expands Watts’ operational reach in the Middle East.
Elsewedy Industrial Development has signed a major agreement with Kunming Chuanjinnuo Chemical Co. (CJN) to build a phosphate chemical industries complex in Egypt. The project will be located in Sokhna 360 and involves a total investment of nearly USD 1 billion. It aims to produce fertilisers, specialty chemicals and electric vehicle battery materials. The initiative is expected to create 10,000 jobs and position Egypt as a regional hub for new energy materials.
Industrial property firm CTP and energy provider ČEZ ESCO have officially opened a major new 5.5 megawatt (MW) rooftop solar power installation in the South Moravian region of the Czech Republic. The combined project, located across CTPark Brno and CTPark Brno South, marks the largest of its type in the area. The facilities are expected to generate over 5.2 GWh of clean energy annually, which is enough to power around 1,500 average households.
Hyatt Hotels Corporation is planning a major expansion across Portugal and Cape Verde with four new hotel openings by 2027. The expansion includes two lifestyle brands in Lisbon: Andaz Lisbon and The Standard, Lisbon. The Hyatt Regency brand will add properties in Vilamoura Algarve, targeting sports tourism, and in Cape Verde, on the island of Sal. These planned openings reflect Hyatt’s strategy to meet increasing demand for high-quality accommodation in key global markets.
Riyad Capital and Mountain View KSA have collaborated to launch a new residential development fund with a value of SAR 1.7 billion, equivalent to $453 million. The fund's purpose is to finance the "ONE Mountain View" project, a semi-gated community in Riyadh's Al Rimal District. The development will cover over 152,000 square meters and deliver more than 500 residential units, targeting the demand for family-oriented housing. The community is planned to include large green spaces and a dedicated community hub, The Lighthouse.
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