Marjan and RAK Hospitality Holding have announced a landmark merger to create one of the UAE’s largest integrated real estate and hospitality developers. The combined entity will operate under the Marjan brand, leading key projects including Al Marjan Island, RAK Central, Marjan Beach, and a new Jebel Jais masterplan, driving Ras Al Khaimah’s Vision 2030 for sustainable tourism and investment.
Saudi Minister of Municipalities and Housing Majed Al-Hogail will begin a tour of China and South Korea to boost cooperation in real estate, urban technology, and smart cities. The trip will include signing agreements for 100,000 new homes by 2030 and furthering partnerships with leading Asian firms, in support of Saudi Vision 2030’s urban development goals.
MIDAR for Investment and Urban Development has signed a major partnership agreement with Sixth of October Development and Investment Company (SODIC) to jointly develop Egypt’s first fully integrated wellness and sustainable community within “MADA”, New Cairo. The project, valued at EGP 110 billion, marks a significant step in Egypt’s ongoing urban expansion and sustainable city development efforts.
Alef Group and BEEAH have announced a partnership to drive sustainable development in Sharjah by combining real estate expertise with environmental innovation.
Qatar Foundation’s Earthna and Qatari Diar have signed an MoU to advance sustainable urban development through the Arid Cities Network, focusing on solutions for cities in hot and arid environments.
Dar Global has unveiled Trump Plaza Jeddah, a USD 1 billion mixed-use development in partnership with The Trump Organization. The project, featuring residences, offices, and a Central Park-inspired green spine, is the second Trump-branded scheme in Saudi Arabia following Trump Tower Jeddah.
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