Riyad Capital has launched a new SAR 1.5 billion real estate fund to develop a massive mixed-use site in Riyadh. The project covers 32,000 square metres on Al-Takhassusi Road and focuses on transit-oriented development. Partnering with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment, the scheme will deliver new offices, homes, shops and hospitality spaces near the Al-Takhassusi Metro Station.
Abu Dhabi has unveiled a massive AED55 billion investment pipeline for infrastructure projects to be delivered through public-private partnerships. The Abu Dhabi Investment Office and the Abu Dhabi Projects and Infrastructure Centre confirmed that 24 projects will hit the market in 2026 and 2027. These developments span the transport, social and utility sectors, aiming to attract significant domestic and international private sector investment.
Marjan Group has appointed new senior executives to lead its development, hospitality, and lifestyle sectors in Ras Al Khaimah. Key hires include Sheikh Saqr bin Omar Al Qasimi, Alison Grinnell, and Donald Bremner as CEOs of their respective divisions. The restructure supports the Emirate’s accelerated growth and global investment strategy.
K Developments has launched Palencia Plaza in Al Shorouk City with an EGP 1.5 billion investment. The mixed-use project offers commercial, medical, and administrative units in a prime location opposite Carrefour. Designed by YBA, the development features modern facilities and flexible payment plans to meet growing demand in Egypt’s new cities.
Vietnam and the US are looking to increase cooperation in infrastructure and logistics following a high level meeting in Hanoi. Deputy Minister of Construction Nguyen Tuong Van met with a 52 company delegation from the US-ASEAN Business Council to discuss transport and urban projects. The talks focused on aviation, seaports and smart city development as Vietnam seeks to solidify its position in the global supply chain.
Talaat Moustafa Group has unveiled "The Spine," a landmark cognitive city project in Egypt. Launched alongside Prime Minister Dr Mostafa Madbouly, the EGP 1.4 trillion development integrates artificial intelligence with urban living. The project aims to contribute 1 per cent to Egypt’s GDP and create 155,000 jobs. It features a Special Investment Zone designed to attract global corporations through digital infrastructure and simplified regulations.
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