Construction & Real Estate

Azizi seals strategic partnership with US ropeless elevator expert Hyprlift

UAE-based Azizi Developments said it has signed an agreement with Hyprlift, a US-based innovator in advanced vertical transportation systems, to explore the potential application of ropeless elevator systems within its selected project developments across Dubai. ...

Construction & Real Estate

Some GCC landmarks hit in Iranian retaliatory attacks

The ongoing Middle East conflict involving US, Israel and Iran has impacted several major landmarks in the region including Burj Al Arab, Palm Jumeirah, Dubai International Airport, Jebel Ali Port in UAE as well as Crowne Plaza, a premium five-star hotel in Bahrain. ...

Construction & Real Estate

NKEY Architects announces launch of global HQ in Dubai

NKEY Architects, an international full-cycle architecture and design company delivering comprehensive solutions - from concept to implementation - has announced the relocation of its global headquarters to Dubai, thus marking a significant milestone in its next phase of growth. ...

Construction & Real Estate

Safanad boosts $1bn US digital infrastructure strategy with new investments

Safanad, a principal-led investment company based in Riyadh, has announced that it is accelerating the growth of its US digital infrastructure platform, Element Critical, through the launch of a new US data centre platform supported by $1 billion from top US institutional investment partners. ...

Construction & Real Estate

Mubadala, Barings ink $500m global real estate debt partnership

Abu Dhabi-based Mubadala Investment Company and Barings, one of the world’s top investment managers, have entered into a $500 million global real estate debt partnership. The new JV will focus on investing in subordinated loans across real estate asset classes. ...

Construction & Real Estate

Modon in strategic US ultra-luxury real estate development investment

Abu Dhabi-based Modon Holding has announced a strategic investment in Wellington Lifestyle Partners (WLP), to deliver a landmark ultra-luxury real estate development in US featuring high-end residences, a boutique hotel and a championship golf course. ...

Construction & Real Estate

Al Tahaluf unveils $291m residential project on Red Sea coast

Al Tahaluf, a Saudi-US joint venture comprising a subsidiary of Hovnanian Enterprises and Hamad bin Saedan Real Estate Company, has unveiled its SAR1.07 billion ($291 million) residential community project - Soleya - within the King Abdullah Economic City (KAEC). ...