Tether has announced a partnership with First Data and BKN301 to deploy its Hadron asset-tokenisation platform in Saudi Arabia. The collaboration will focus on converting institutional-grade real estate into digital tokens. First Data will act as the commercial lead and primary market operator, while BKN301 provides operational and banking integration support. The project supports Saudi Arabia's Vision 2030 objectives by increasing liquidity and broadening property investment access.
ADNOC has partnered with SLB to deploy an artificial intelligence platform across more than 120 drilling rigs. The Real-Time Operations Center integrates live data from onshore and offshore assets into a centralised environment. Designed to streamline upstream monitoring, the digital system enables engineers to manage up to three times more rigs, reduces incident response times by several hours and helps prevent costly operational downtime.
Saudi Arabia's Public Investment Fund (PIF) and the Export-Import Bank of the United States (EXIM) have signed a Memorandum of Understanding establishing up to $15 billion in long-term export credit. The framework will allow eligible PIF portfolio companies to purchase goods and services from American suppliers. The agreement focuses on key sectors including technology, aerospace, infrastructure, and critical minerals to build stronger cross-border supply chains.
Hyundai E&C has selected 12 promising startups through its fifth annual open innovation contest, co-hosted with the Seoul Economic Promotion Agency. Chosen from 156 applicants, these firms will undergo a four-month proof-of-concept phase to test emerging technologies across artificial intelligence, robotics, digital healthcare and smart construction. The initiative aims to integrate cutting-edge solutions directly into active construction sites and residential developments.
CoStar Group has acquired an approximate 30 per cent stake in Italy's agent-backed real estate platform Wikicasa. The deal integrates Wikicasa's database of 600,000 listings with CoStar's global networks like LoopNet. The partnership aims to accelerate digital transformation in the Italian property market by expanding international visibility for local listings and encouraging the widespread adoption of Matterport 3D digital twin technology.
Brookfield and Bloom Energy have expanded their power partnership for AI infrastructure to $25 billion, a fivefold increase since October 2025. Funded through Brookfield’s $100 billion AI Infrastructure Fund, the global initiative will scale Bloom's onsite fuel cell platform. The collaboration aims to deliver integrated power and compute solutions for hyperscalers and data centres.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
